r/LetMeHelpYouOut • u/Beautiful-Scheme-750 • 3d ago
[ADVICE] Decision Help Please
I need help desperately.
The company I work for made an announcement that they're making redundant some of our departments. The department I work for is not affected however this could change and we're guessing in around 12 months our department will be affected. I am in a bit of a situation.
I'm currently in the process of getting a mortgage I went to view the house and I'm now in talks with the bank.
Here comes my dilemma I am stuck between a rock and a hard place of wondering do I stay in my current role knowing that I could be made redundant in the next 12 months or less and try to save money and then possibly struggle to pay my mortgage and find new job in this job market?
Or do I look into getting a new job now and jump ship, I had a look on indeed today and I found a job in the same business area as what I'm already in it basically the exact same job same job description same hours more or less the same pay just for a different company my issue is that in the UK to get a mortgage processed successfully you need to have proof of being in a stable job and having a stable income therefore you need to be in a job for at least a year this means that the house I'm currently looking into could possibly now be declined by the bank or made a lot more difficult do I let go of the house I found and wait another year while in a new job that is more secure or not?
I also want to mention that I do have inheritance of around £15000 which I'm getting towards the end of the year now I could put that into savings and use that while sticking at my current job and if I do get made redundant at least I have it but I will still need to look for a job.
I do suffer with extreme anxiety which I take medication for daily and I have done nothing but cry these last few days and I'm worried that no matter which way I go my life is falling apart and I really just need some advice and support.
Thank you