Redundancy

Apples21

Hi guys,
Looking for advice here, I've been offered the choice to take redundancy from my permanent job. If I take it I'll get enough for a deposit for a house and be able to get plenty of temporary work in my area of employment..and I do feel the need for a change career wise and I won't get any more benefits staying we're I am.
Thing is should I take it? I'll lose out on maternity cover( not planning that for years!) sick pay. I'm 35 single and have no ties or outstanding debts. I'm worried about pensions and mortgage application without a permanent job!
I've no idea what to do and an desperate for advice!
Thanks !

Spocker

I've moved this to the Work & Jobs forum - the mods there will move it somewhere more appropriate if necessary

Nody

Chances of a loan with out permanent employment are slim I'd say; keep that in mind.

Mrs OBumble

Ahh, you're 35 and not planning on needing maternity leave "for years"? Hate to break it to ya, but to an obstetrician you're already geriatric.

And as above, you might a deposit, but you won't get a mortgage without being six months in a permanent job and having a solid savings record.

Have you considered getting some career counselling?

Apples21

True.. But I'm not looking to go towards maternity cover yet! Duly noted( now depressed lol)I've regular savings so far.. You know who I could get advice from?

SPM1959

It's really only a decision you can make.

I took redundancy a couple of years ago and glad I did. Still have the lump sum for a house deposit and have had two jobs since (current one not permanent though which I find a little destabilising).

I was stuck in a rut in my role though and have since got great experience, met new people, moved cities etc. It's been a positive experience for me.

Apples21

Yea I feel like I'm stuck in a rut too and need a change.. It's just scary you know given the current climate! It's the permanent job that puts me off taking the redundancy.. :-(

SPM1959 wrote: »

It's really only a decision you can make.

I took redundancy a couple of years ago and glad I did. Still have the lump sum for a house deposit and have had two jobs since (current one not permanent though which I find a little destabilising).

I was stuck in a rut in my role though and have since got great experience, met new people, moved cities etc. It's been a positive experience for me.

SPM1959

Apples21 wrote: »

Yea I feel like I'm stuck in a rut too and need a change.. It's just scary you know given the current climate! It's the permanent job that puts me off taking the redundancy.. :-(

You have the option now to break out of that rut - if you want to. Some times we need to take risks in life.

I fully empathise about the permanent job piece. I will be applying frantically for one in the new year as I don't like the feeling of being on a contract.

bbam

Nody wrote: »

Chances of a loan with out permanent employment are slim I'd say; keep that in mind.

but if OP's partner had a solid job maybe they could get enough anyway??

its a tough call...
first time my old work offered redundancies I declined, but in the following six months I saw anough back biting and crap that when it came round again I took it with both hands...
No problem finding work, in my third job since and I've chosen to move each time..

Apples21

Sucks huh!
Yea I've seen permanent jobs in my area.. Not ideal but beggers can't be choosers !

SPM1959 wrote: »

You have the option now to break out of that rut - if you want to. Some times we need to take risks in life.

I fully empathise about the permanent job piece. I will be applying frantically for one in the new year as I don't like the feeling of being on a contract.

Apples21

I'm banking on my future partner( ?) being able to get mortgage in his name so I might not need to apply for mortgage.. And still have the redundancy to contribute towards it.. I'm kinda leaving fate to decide, if it's meant to be then so be it.?

bbam wrote: »

but if OP's partner had a solid job maybe they could get enough anyway??

its a tough call...
first time my old work offered redundancies I declined, but in the following six months I saw anough back biting and crap that when it came round again I took it with both hands...
No problem finding work, in my third job since and I've chosen to move each time..

SPM1959

Op - let us know what you decide to do.
Best of luck with whatever you chose.

Apples21

I will !
Thanks for you advice!

SPM1959 wrote: »

Op - let us know what you decide to do.
Best of luck with whatever you chose.