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Mortgage with HSBC flexi furlough

3 replies

Nc13t765tyrv · 31/12/2020 18:14

Hi
My partner is currently on flexible furlough, so works mon-wed and then furloughed the rest. So 22.8hours working, and furloughed for the remainimh 15.2 hours. Typically we have just sold and had an offer accepted on our house! Have applied for the mortgage but spoken to 3 different people in the mortgages team with conflicting advice. So does anyone know if they will accept his normal income + letter, current reduced income + letter or only non-furloughed pay?

Thanks. Had such a rough year, finally some good news and now panicking!

OP posts:
TheFlis12345 · 31/12/2020 18:17

HSBC said no to our mortgage advisor in similar circumstances (despite us both banking with them for 20 years) but plenty, including NatWest and Barclays said they would accept it.

Nc13t765tyrv · 31/12/2020 18:23

We renewed our mortgage last year to a 5 year fixed term so worried about charges if we dont port it and stay with them, but every person we have spoken to has said a different thing!

OP posts:
GrumpyHoonMain · 31/12/2020 19:03

DH was furloughed by a day per week and HSBC accepted our mortgage as it made minimal difference to salary. But we were both on high incomes already and not borrowing a huge amount.

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