Flexi-Furlough - will this affect my mortgage application?

rachweaver21

Hi, apologies if this has been asked and answered before (i am new here!) But i am currently on flexi-furlough, so instead of working 8:30-5:30, i work 10-4. I get 100% of the hours that i work from my employer and 80% (i think) from the government for the hours i am technically on furlough. I should be ready to look for a property from July onwards, but i was wondering if me being on flexi furlough will affect how much money i can borrow? My job is pretty safe, I have also just received a £5K pay increase, and that was what i was theoretically basing my mortgage on. - Any help?! 

[Deleted User]

Some lenders will flat out refuse to lend with any flexi furlough involved so you need to go to the best lender.  There are lenders who will lend to whatever is showing as gross pay including any furlough income and there are lenders that will only lend on basic pay. 

Caracal

I think this is where a broker would be really helpful, as they can navigate the different mortgage options and rule out any that won't accept furlough. I remember reading somehwere that some lenders will only accept applications from people who've been furloughed 4 months AFTER coming off furlough etc... but I think each lender has their own criteria!