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Compensation Value for HSBC £7500 Debit Error

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Comments

  • KatrinaWaves
    KatrinaWaves Posts: 2,944 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Severe lack of a hamper also :(
  • Aylesbury_Duck
    Aylesbury_Duck Posts: 16,395 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    KatrinaWaves wrote: »
    Severe lack of a hamper also :(
    :rotfl:

    Indeed!
  • Mr_Singleton
    Mr_Singleton Posts: 1,891 Forumite
    BoGoF wrote: »
    £100 an hour.......get real.

    That made me smile..... 《FX:Cough》 Not everyone is on minimum wage!

    A £100/hr would mean take home of less than £75k which wouldn't get you a mortgage on a 1 bed flat in London.
  • DoaM
    DoaM Posts: 11,863 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    FWIW, mortgage assessments are based on gross salary not net? So £100 per hour would be a gross salary approaching £150k per year?

    /tangent
  • Mr_Singleton
    Mr_Singleton Posts: 1,891 Forumite
    Yes, gross would be about £120k so yes maybe a pokey little studio in a rough nasty part of London.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Mr_Singleton wrote: »
    That made me smile..... 《FX:Cough》 Not everyone is on minimum wage!

    A £100/hr would mean take home of less than £75k which wouldn't get you a mortgage on a 1 bed flat in London.
    Although the whole thing may be fiction, I think the OP was referring to their charge-out rate to clients i.e. turnover, not salary.
  • unholyangel
    unholyangel Posts: 16,866 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Mr_Singleton wrote: »
    Yes, gross would be about £120k so yes maybe a pokey little studio in a rough nasty part of London.

    If OP is getting paid £100 an hour then with full time hours (35-40 hours per week) that would be a gross salary of £182k-208k.

    Typically mortgage providers will loan up to 5x your salary so £910k-£1.04 mill. That is - of course - assuming the OP was sole applicant. Thats double the average house price in london. Thats enough to get a good house in a not so good location or a small house/2 bed flat in a good location.

    Personally I'd say all of london is a gross nasty part but then I grew up in the country so would say that about any city borough ;)
    You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride
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