New mortgage offer and Covid 19 wages

missre

Hi everyone, we have recently had our mortgage offer through and are ftb. We are happy to proceed and are in no chain as we are buying from our landlord however in the current situation with Covid-19 I am concerned over what will happen. So my partner and I are key workers so will 100% have a job through this however there was speak about only using skeleton staff at my work and the others having 80% of their wage paid. How will this effect my mortgage offer if My work day I need to take a temporary wage cut? It will only work out about £130 less a month but I’m worried incase it will lead to the loss of the sale of the house. Thanks 

David_White

The key thing is communication with your lender.
If you're both key workers you're in a better position than some (income wise) so try not to panic.
Were you stretching affordability on the mortgage to start with or was there any slack?