Is now a really bad time for DH to look for a new job?

[thehouseofmirth]

DH is totally fed up with his company. His job has changed a lot in the last 2 years and he has had no formal recognition for this in terms of changes to his job title, contract or remuneration.

He wants to start looking for a new job and whilst I obviously don't want him to be miserable at work but I am a SAHM so his is the only income and I am worried that now could be a rubbish time for him to change his employment in terms of the way they economy is going, the fact we are expecting another baby after Christmas and our fixed rate mortgage deal is up in May. He does a fairly lowly IT job for a travel company and I know he could earn more money elsewhere but he has been with his current employer for almost 6 years so even if he was made redundant from there this job he would get some redundancy pay even if it was the legal minimum.

Am I right to be cautious or am I being paranoid?

[anyoneelse]

I think you are def right to be cautious about the mortgage side of it - most remortgage companies when we were applying wanted you to have been in your job for 6 months minimum, some said 12 months I think. Apart from that there is probably no harm in looking and then it depends what he finds and how secure he thinks that would be. I think it is quite competitive (getting IT jobs) at the moment though.

[RuthT]

Not paranoid just concerned as it is not something you are directly in control of. However, there are some industries that may be more likely to weather the recession and others that are not.

It would be good to look as that does no harm and you can agree with him that you talk about it at each stage and if it feels wrong for either of you he pulls out.

You could check your mortgage deal and see if it would be worth paying up the rest of your deal and moving now to give you security for the medium term?

It would be better if he finds a new role and gets redundnacy so he can look to keep his options open and if there is a role both of you agree he should jump ship for then he could volunteer for redundnacy (worth a try if he is going anyway)?