That is not at all outside the bounds of normal pay levels for that profession, although the figures suggest to me that they may be in one of the bigger firms.
On the basis of my own information and a discussion elsewhere on these forums today, banks would lend them up to 4.5 times joint base salary, or €675k; they would probably also be allowed a few quid to account for their bonuses.
If the firm’s business is international in outlook (clientele etc) both of them can look forward to six-figure salaries in a couple of years time. So if they are thinking of buying, my view is that they should wait say a couple of years, borrow “only” €600k (staying below 3 times income) and get themselves a nice mansion in which to breed the next generation of cubs.
I may go back to college. I really picked the wrong profession (engineering). Wouldn’t mind, I had the points to do pretty much whatever I wanted at the time. Then again I do like my low paid job after 6 years PQE
Sounds to me like they’re overpaid, but what do I know as a humble engineer
It does help explain extortionate legal bills in this country somewhat.
I really think everybody should have an electronic engineer sign off on any new gizmos before they bring them into the home for safety reasons. A sort of middle man between the consumer and retailers. PAT testing should also be enforced on every household.
Are you their mortgage broker? How do you “come across” sombody’s salary?
Sounds high to me - maybe at 5 yrs PQE (unless they have recently jumped to a new firm in which case salary may have jumped but gets clawed back). 15k bonus also sounds high but if they got it then at that level they are billing close to €400k per annum for their firm