The amount you can borrow for a mortgage after a furlough depends on factors like your income, credit score, deposit amount, and the lender’s criteria.
Lenders will assess your affordability based on your current and projected future income to ensure you can manage the repayments comfortably.
Typically, lenders use a loan-to-income (LTI) ratio, ranging from 3 to 4.5 times your annual income, to determine the amount you can borrow.
Using online mortgage calculators provided by lenders can give you an estimate of how much you might be able to borrow.