This is not a straight-forward yes or no answer as every lender has their own criteria when it comes to lending to applicants on furlough.

Some lenders are an outright no and will not consider anyone on furlough leave. The lenders who say yes do have criteria that must be met in order to consider lending.

·        There are Loan to value restrictions to consider.

·        Some lenders will consider a furloughed applicant but they must have a return to work date and provide written proof from their employer that the date is official.

·       Employees must have returned to work and be able to provide at least 1 payslip as proof.

·        Other lenders will look at the individual circumstances and assess situations on a case-by-case basis.

This means furloughed workers looking to buy a home will face far fewer mortgage options, at a time when it’s already harder than before to get accepted.

Every lender is different, so if you are thinking of trying to move or remortgage during this time it is important to speak to a financial advisor as they will be able to assess the whole market for you and give the best advise.