COVID-19 Criteria Live Feed
Residential: COVID-19 : Furloughed Workers
During the Covid-19 outbreak, will the lender lend to applicants who have been temporarily furloughed under the Coronavirus Job Retention Scheme?
Yes - accepted
We ignore any effects of covid
one month ago  23 February 2024
Yes - accepted
No longer relevant
one month ago  21 February 2024
Yes - accepted
LendInvest may potentially lend to applicants who were temporarily furloughed under the Coronavirus Job Retention Scheme.
3 months ago  09 January 2024
Yes - accepted
Yes - accepted
3 months ago  21 December 2023
Yes - accepted
Livemore can potentially consider applicants who have been temporarily furloughed under the Coronavirus Job Retention Scheme
7 months ago  21 August 2023
Yes - accepted
Can consider
one year ago  12 December 2022
Yes - accepted
As long as now back at work for past 3 months
2 years ago  29 July 2022
Yes - accepted
In line with the government support scheme – Underwriters will assess the application using the reduced income. We will accept top-up from employer but require written confirmation from the company.
3 years ago  22 February 2021
Yes - accepted
Yes
4 years ago  05 August 2020
Yes with conditions
Have to returned to work showing one months payslip with no Furlough showing, a bank statement and return to work letter from employer.
2 years ago  15 November 2021
Yes with conditions
Applications will be considered from furloughed staff, but any offer will be conditional on us being able to re-validate their income and employment prior to completion. Self-employed applicants must be able to demonstrate a clear 6 months income feed along with their SA302s – which will also be subject to re-validation prior to completion.
2 years ago  21 October 2021
Yes with conditions
Yes but affordability will be assessed on their current income being earned/paid
3 years ago  09 August 2021
Yes with conditions
We're still accepting applications from customers who are on furlough provided they have a confirmed return to work date. We'll ask you to provide evidence of this during the application process.

We'll assess the income of furloughed applicants with a return to work date based on 100% of their basic salary when they return, taking into account any reduction in salary that may have been agreed.

We won't take any historic variable income, such as bonus/overtime/commission into account.

In the case of joint applications where one applicant is furloughed, the case may still proceed if the application passes our affordability assessment based on the other, non-furloughed, applicant's income alone.
3 years ago  17 May 2021
Yes with conditions
For lending at or below 80% LTV, we will assess based on the customers current income where they are on/or have recently been furloughed or had any COVID-19 related deductions from their salary/income. This will need to be supported by a letter from the employer to confirm the terms of their furlough or changes to pay, the date they return to work and confirmation of their pay at this point.

For lending over 80% LTV, customers on/or have recently been furloughed or had any associated COVID-19 related deductions from their salary/income will not be accepted. For self-employed this includes any SEISS grants received in the last 6 months. To be considered for an LTV above 80%, employed applicants need to be back at work for 3 months without COVID-19 related reductions.
3 years ago  23 March 2021
Yes with conditions
Will consider if the applicant has been furloughed and returned to work or:
• The client is on currently on furlough.
• Their employment is of one of the accepted industries.
• They can demonstrate in the relevant questions, satisfactory answers.
• Income is calculated at 100% of basic pay and passes affordability.
• They meet the required purpose for the mortgage type.
• The applicant is not aware of any impending redundancy.
• The application meets all other areas of Lending Policy.
• The case meets our core criteria requirements.
• We reserve the right to confirm that there has been no changes to employment circumstances prior to completion of the mortgage.
3 years ago  10 February 2021
Yes with conditions
Can consider an application where one applicant (of a joint app) is on furlough and use the 80% of income provided the income of second applicant supports affordability. Solo applications where the applicant is furloughed will not be accepted.
3 years ago  26 January 2021
Yes with conditions
From the 2nd November any borrower who was furloughed under the government's Coronavirus job retention scheme, must have a minimum of 1 month pay at pre-pandemic salary.
We will require the last 3 months payslips to evidence current income and that this has returned to pre-furlough amount.
We will also require the last 3 months bank statements to assess income and expenditure.
3 years ago  10 November 2020
Yes with conditions
Stafford Railway can consider furloughed workers if they have a date to return in place
3 years ago  09 October 2020
Yes with conditions
For employed applicants that have been furloughed, we require them to have either returned to work or have a fixed date when they are to return. Proof of this will be required via either Latest payslips confirming full salary / Employment reference/letter confirming return date, and terms of return (guaranteed basic salary).
Affordability will be based on 100% of the return to work salary but historic variable income such as bonus, overtime or commission will not be considered.

4 years ago  26 August 2020
Yes with conditions
Hanley will only accept applications from furloughed workers where the applicant has a definite date of return to work which must be within the next 4 weeks. Applications falling outside of this will be declined and a new application will need to be submitted once the criteria can be met.
4 years ago  23 June 2020
Yes with conditions
Employed Applicants: When an applicant has been furloughed, we will support applications for 80% of basic income up to £30,000 p.a., in line with the government scheme
Where documentary proof can be provided to evidence employer β€˜top-up' contributions, we will accept this additional income
Employed income received in the form of overtime, commission, bonus or allowances will not be able to be used for affordability purposes while furloughed

Self Employed Applicants: Where an applicant is eligible for, and utilising or intending to utilise the government scheme, we will allow 80% of income up to £30,000 p.a. in line with scheme rules
For all self-employed applications we will now request 3 months business bank statements in addition to standard self-employed income proofs
All cases will be referred for a manual Underwriter review
4 years ago  01 June 2020
Yes with conditions
1. Where employment is less than 2 years, no furloughed income will be taken into account
2. Where employment is greater than 2 years, we will consider the application on the following basis:
a. 80% of their basic income up to a maximum of £2,500 pm (£30k per annum gross)
b. Employer β€˜top -up' is disregarded
c. Bonus, overtime or commission are unacceptable
d. Any additional income is unacceptable e.g. shift/car/location (such as London Weighting)
4 years ago  12 May 2020
Yes with conditions
Will be assessed on an individual basis
4 years ago  22 April 2020
Yes with conditions
This will be considered based on individual circumstances and subject to employers comments.
4 years ago  20 April 2020
Yes with conditions
The Society will still consider applicants furloughed and use the income that the client will get (either then 80% or 100% if topped up). An employment reference will be required to confirm applicant will not be made redundant at the end of the 3 months. No OT or Bonus will be used if an applicant is furloughed.
4 years ago  16 April 2020
Yes with conditions
This is an unprecedented situation and, as a specialist provider the Bank already uses a manual underwriting process in order to review each cases on its own merits. We will continue to consider applications on a case by case basis.
4 years ago  24 March 2020
Yes with conditions
Can consider an application where one applicant (of a joint app) is on furlough and use the 80% of income provided the income of second applicant supports affordability. Solo applications where the applicant is furloughed will not be accepted.
  
Please Refer to Lender
Please refer
2 months ago  22 January 2024
Please Refer to Lender
Refer
one year ago  02 March 2023
Please Refer to Lender
West One Loans can potentially consider applicants who were furloughed under the Coronavirus job retention scheme.
one year ago  07 November 2022
Please Refer to Lender
Please Refer
2 years ago  01 April 2022
Please Refer to Lender
We cannot consider whilst they are still on Furlough if the applicant's is now back at work then please refer
3 years ago  15 July 2021
Please Refer to Lender
Ideally HBS would prefer the employees to have returned to full time and evidenced by 3 months payslips
3 years ago  15 July 2021
Please Refer to Lender
Speak to our underwriting team - can be considered case by case basis.
3 years ago  01 April 2021
Please Refer to Lender
Refer
3 years ago  10 November 2020
Please Refer to Lender
Refer.
4 years ago  24 July 2020
Please Refer to Lender
Melton Building Society will consider furloughed applicants by referral. Please contact to discuss initially.
4 years ago  04 June 2020
Yes by exception
For employed applicants who are currently furloughed, the furlough income cannot be taken into consideration for affordability. For applicants impacted, we can still consider additional non-furlough income to support affordability.
We will also still consider joint applications where the non-furloughed applicant's income can support affordability of the loan in full.
2 years ago  31 January 2022
Yes by exception
NO
2 years ago  12 October 2021
Yes by exception
If a client is currently in receipt of furlough income then we wont use any income for affordability insisting that the applicant be back in work. If a client is in receipt of part income / part furlough then we won't use any income for affordability.

If they have received furlough in the last 3 months but are now back in work and not receiving any furlough income then we can proceed.
3 years ago  03 February 2021
Yes by exception
Where an applicant is on the Government Coronavirus Job Retention Scheme income will not be used for assessment of affordability whether topped up or not. If an applicant has returned to work on part time hours but also receives furloughed income, the income relating to the part time hours alone can be used for affordability.
3 years ago  10 November 2020
Yes by exception
We are no longer accepting furloughed income for employed applicants.
Existing customers - If your client is an existing customer who is looking to move, complete a transfer of equity or take additional funds, we will consider and assess their case individually.
Pipeline cases – Where we are notified the client is now furloughed and can't confirm a return to work date, their affordability will be reviewed based on their furloughed income. If their employer is topping up their salary, this top up amount can be considered where it can be evidenced.
Where furlough income is not sufficient to support the requested loan amount, the applicant can choose to continue with a lower loan amount (which meets our affordability criteria) or cancel their application.
3 years ago  10 November 2020
No - not accepted
No longer applicable.
14 days ago  14 March 2024
No - not accepted
Not Applicable

5 months ago  27 October 2023
No - not accepted
Not applicable anymore.
6 months ago  27 September 2023
No - not accepted
Not acceptable.
6 months ago  27 September 2023
No - not accepted
Not accepted
9 months ago  21 June 2023
No - not accepted
No longer applicable.
one year ago  31 March 2023
No - not accepted
Furlough is no longer available
one year ago  09 March 2023
No - not accepted
No longer applicable

one year ago  06 February 2023
No - not accepted
No longer relevant. Furlough no longer exists.
one year ago  13 January 2023
No - not accepted
N/A
one year ago  07 December 2022
No - not accepted
N/A
one year ago  09 November 2022
No - not accepted
No
2 years ago  22 September 2022
No - not accepted
Not accepted.
2 years ago  25 April 2022
No - not accepted
No/Not accepted.
2 years ago  15 March 2022
No - not accepted
No
2 years ago  15 February 2022
No - not accepted
Furloughed income will not be accepted.
2 years ago  13 January 2022
No - not accepted
We are no longer accepting applicants on furlough
2 years ago  31 December 2021
No - not accepted
No - applicant must have returned to work. Aldermore will consider an application from applicants who have been furloughed as long as they are back at work and can provide their latest months payslips as evidence.
2 years ago  30 December 2021
No - not accepted
Not acceptable, Furlough has now finished.
2 years ago  03 December 2021
No - not accepted
Precise Mortgages will not consider an application from applicants who are on furlough leave.

2 years ago  04 October 2021
No - not accepted
Where an applicant is receiving income through the Furlough Scheme, we are not able to use their income in the affordability assessment.
3 years ago  24 September 2021
No - not accepted
No, HSBC are no longer accepting furlough income.
3 years ago  02 February 2021
No - not accepted
Leeds Building Society no longer accepts and furlough income to support a mortgage applications, clients are to be back in employment fully in line with their contract of employment prior to application being submitted.
3 years ago  01 February 2021
No - not accepted
No - applicant must have returned to work in order to use that source of income.
3 years ago  13 January 2021
No - not accepted
If your client is receiving income from the Job Support Scheme or the Coronavirus Job Retention Scheme, we are unable to accept this income for affordability purposes.
3 years ago  10 January 2021
No - not accepted
We are not using income from applicants who are fully or partially furloughed under the Coronavirus Job Retention Scheme or any subsequent schemes launched by the government. The applicant must have fully returned to work and be able to provide evidence of this. We also require at least 3 years UK address history for all applicants.
3 years ago  06 January 2021
No - not accepted
Income cannot be used from applicants who are currently on Furlough. Applications can be considered once the applicant has returned to work and can provide at last 1 months wage slips.
3 years ago  27 November 2020
No - not accepted
We will not accept Furlough income for mortgage application purposes for employed customers.
Employed customers will need to have returned to work following any period of Furlough and received their first full month's payslip before mortgage applications can be submitted and underwritten.
3 years ago  16 November 2020
No - not accepted
Furlough income is not acceptable.
3 years ago  10 November 2020
No - not accepted
Furlough income is not acceptable.
3 years ago  10 November 2020
No - not accepted
Furlough income is not acceptable.
3 years ago  10 November 2020
No - not accepted
Where an applicant is receiving income through the Furlough Scheme we are not able to use their income in the affordability assessment for new customers or additional borrowing.
For existing customers making changes to their existing Virgin Money mortgage which do not increase their borrowing, we can consider using Furlough Scheme income subject to individual assessment.
3 years ago  10 November 2020
No - not accepted
Furlough income is not acceptable.
3 years ago  10 November 2020
No - not accepted
Furlough income is not acceptable.
3 years ago  10 November 2020
No - not accepted
With immediate effect we have strengthened our position regarding furloughed income applications after careful consideration and to ensure are risk appetite is balanced.
• Any new applications where the applicant is presently furloughed will be declined.
• If the application is joint and one party's unaffected income can meet affordability and policy requirements, then these cases can be progressed.
• If an applicant has been furloughed but is now back to work full time, we can consider these subject to receiving salary slips to confirm full pay levels and an Employers Reference in all cases.
A cautious approach would be required for employment sectors that have been significantly impacted by current events, such as hospitality or travel.
3 years ago  10 November 2020
No - not accepted
Kent Reliance will not consider an application from applicants who are on furlough leave.
3 years ago  09 November 2020
No - not accepted
No
3 years ago  27 October 2020
No - not accepted
No
3 years ago  27 October 2020
No - not accepted
Accord will no longer consider applicants who are in receipt of furlough income.
4 years ago  02 September 2020
No - not accepted
No
4 years ago  09 August 2020
No - not accepted
No
4 years ago  04 June 2020
No - not accepted
No
4 years ago  03 June 2020
No - not accepted
No, this would be outside of our criteria at present.
4 years ago  25 March 2020