So just as I thought.......the credit crunch is starting to hit much closer to home.
A couple of weeks ago we begun a recruitment freeze at our company and then this week we found out that one of our plants abroad is now on a 3 day week. And now we have been forced to close the company (unpaid) for a week before Christmas presumably to reduce overheads. So with us both working for the same company it means we are effectively on a 4 day week. And then to cap it all they aren't paying overtime anymore so it seems were working it for free - hmmmmm. So that's about a third of my husband's income gone. Essentially we will be earning about 40% down on our income! So yeah things are hitting closer to home and those fears about losing the house are becoming more likely to be reality.
On the brighter side we have contacted a mortgage advisor to help us through the minefield that is re-mortgaging. We meet next Tuesday - lets hope they have somehting positive to say. Also, we are going to be taking out some unemplyment insurance. Its not cheap at £100 a month but it gives us the security that the mortgage and bills will be paid if we lose our jobs.
And on another bright side fuel prices are about 25p a litre cheaper then they were a few months ago - whoopeydoo. That more than makes up for the difficulty getting a mortgage and lower house prices right?
