Offer pulled due to furlough, should I take out loan to cover renovation costs?

sj8383

We are renovating and have gone over budget. We had an application in progress with hsbc (our mortgage provider) to borrow the extra £ needed to finish the job. But the affordability doesn't add up now that I'm on furlough. We have 3 Reno bills to pay now, and wanted to borrow extra on top (£12k) for a further extension and have a few options:
1: take out 1 unsecured loan to cover the cost of the immediate Bill's- roughly £8k. - will this effect a future application when I am back on full salary?
2. Pay for the work in a combination  of credit cards and a smaller loan (roughly £3k) - will this be worse for a future mortgage application?!
3. See if a broker can find us another mortgage lender?

I've grossed 40k last 2 years, furlough income 30k.
Current mortgage totals £83k, we need another £20k. Ltv will end up about 50% with the extra borrowing. 

I'd really appreciate some advice 

haras_n0sirrah

There are some lenders who will take full income provided your employer will confirm a return to work date 

gab3x

haras_n0sirrah said:

There are some lenders who will take full income provided your employer will confirm a return to work date 

Hi Haras - is Halifax one of those?

Petriix

£103k mortgage on £30k salary doesn't seem beyond the realms of possibility. You say 'we' so do you have a partner/spouse and do they have an income?