Mortgage application post furlough

shannonb1

Hi, 

I was due to move into my house in just under 2 weeks but covid happened and my fiancé was put on furlough so our mortgage was put on hold. He has received his start date as the 20th July and his company have written a letter stating that he will be back to work on this date and returning to an annual salary of £££. We have forwarded this onto our mortgage advisor who is going to update the mortgage company. Do you think this will be enough to submit and complete our application or will they require a full payslip post furlough again? 

Thanks in advance..just desperate to get into our first home now 

LRmortgage

Who is the lender? Each lender will have their own criteria around this... 

shannonb1

LRmortgage said:

Who is the lender? Each lender will have their own criteria around this... 

the lender is Virgin money 

robyn841

Hi we were in the same position, partner was furloughed for 2 months and went back the beginning of this month. Virgin wanted a full payslip without furlough on it so we had to wait a while. Last payslip was submitted yesterday so the wait continues, but was told we should hear in 2-3 days.

katie232

robyn841 said:

Hi we were in the same position, partner was furloughed for 2 months and went back the beginning of this month. Virgin wanted a full payslip without furlough on it so we had to wait a while. Last payslip was submitted yesterday so the wait continues, but was told we should hear in 2-3 days.

@robyn841 please can you confirm when you hear back as to whether this was sufficient? Thank you  

robyn841

katie232 said:

robyn841 said:

Hi we were in the same position, partner was furloughed for 2 months and went back the beginning of this month. Virgin wanted a full payslip without furlough on it so we had to wait a while. Last payslip was submitted yesterday so the wait continues, but was told we should hear in 2-3 days.

@robyn841 please can you confirm when you hear back as to whether this was sufficient? Thank you  

Still not heard, i asked my MA if he had any updates and he said virgin are now taking about 5 working days from getting new paperwork to offer. That was submitted monday late afternoon so I think we might hear something this Monday or Tuesday. Gosh the waiting is torture! I just recieved the contracts through the door, there is nothing left to do so EVERYTHING is now reliant on this bloody mortgage offer. We are so damn close to having  our first home and its sooo painful having to wait.

robyn841

UPDATE! Well it has been a great day, we got our contracts through from the solicitor then a call from the broker about an hour ago to tell us we have been offered our mortgage!! I hope this gives someone a bit of hope who has just came back from furlough and applied to a lender who is known for being picky! 😀😀😀😀😀

katie232

robyn841 said:

UPDATE! Well it has been a great day, we got our contracts through from the solicitor then a call from the broker about an hour ago to tell us we have been offered our mortgage!! I hope this gives someone a bit of hope who has just came back from furlough and applied to a lender who is known for being picky! 😀😀😀😀😀

@robyn841 sorry I have only just seen this! Amazing news, congratulations!!! Thank you for the update. All the best in your new home