Mortgage News: Furloughed Workers Face Tighter Lending Restrictions From Banks

New mortgage restrictions for furloughed workers
(Image credit: Getty Images)

Furloughed workers could find it harder to get mortgages after some banks started to tighten their restrictions over eligibility.

HSBC, TSB and Metro Bank have all announced lending restrictions for furloughed workers, and this raises serious concerns, especially as it has been immensely challenging to push mortgages over the line since the start of the Covid-19 pandemic, particularly for furloughed workers. 

Jack Woodfield
News Editor

Jack has worked in journalism for 11 years and was the News Editor for Homebuilding & Renovating from 2019 until the beginning of 2023. He strives to break the most relevant and beneficial stories for self builders, extenders and renovators, including the latest news on the construction materials shortage and hydrogen heating. In 2021 he appeared on BBC's The World at One to discuss the government's planning reforms. 

He enjoys testing new tools and gadgets, and having bought his first home in 2013, he has renovated every room and recently finished a garden renovation.