[ Categories ](https://www.pfk.co.uk/news/categories "Categories") [ Tags ](https://www.pfk.co.uk/news/tags "Tags") [ Calendar ](https://www.pfk.co.uk/news/calendar "Calendar") [ Categories: All Categories ](https://www.pfk.co.uk/javascript:void(0); "Categories") Search...Suggested keywords [ x ](https://www.pfk.co.uk/javascript:void(0);) [ Print ](https://www.pfk.co.uk/news/mortgage-lending-tips-faq-s-1?tmpl=component&print=1&format=print "Print") # Mortgage Lending Tips – FAQ’s [Estates](https://www.pfk.co.uk/news/categories/estates) [PFK](https://www.pfk.co.uk/news/blogger/pfk) Thursday, 28 May 2020 3648 Hits [ 0 Comments ](https://www.pfk.co.uk/news/mortgage-lending-tips-faq-s-1#comments) **PFK refer customers to Pollard Scott for mortgage advice and they have answered some of the frequently asked questions below. If you would like to speak to them regarding any mortgage advice you require, then please contact the relevant PFK branch via estates.pfk.co.uk/contact** Surveys/Valuations Surveyors are back at work and booking appointments, there may however be a slight delay due to the back-log created over the last couple of months. Where possible lenders are trying to do what is called a Desk-Top Valuation, however this is not always possible. Can you BUY a house if you are furloughed? – YES Lender criteria varies, however all will want to assess affordability based on current income, which if you are furloughed is more than likely to be 20% lower than usual; unless of course if your employer is making it up and then there are some lenders who will accept your full pay as long as written confirmation can be obtained from the applicants employer. HOWEVER, the maximum mortgage loan to value at this time is 90%, therefore an applicant will have to put at least a 10% deposit down. ***Standard evidence would still be required regarding Payslips, Bank Statements, ID, Proof of Address and Existing Lenders Mortgage Statement*** Can you re-mortgage if you are furloughed ?– YES Lender criteria varies, however all will want to assess affordability as mentioned above. ***Standard evidence would still be required regarding Payslips, Bank Statements, ID, Proof of Address and Existing Lenders Mortgage Statement*** Can I re-mortgage or look at buying a new property if I have taken a Payment Holiday? – YES Taking a payment holiday should not affect a person’s credit record and therefore there should be no problem in sourcing a new deal. I am a First Time Buyer, will it be difficult for me to get a mortgage? Whether you are a First Time Buyer or Mover all lenders will assess affordability and the applicants credit record, so being a First Time Buyer won’t stop you getting a mortgage. FTB will need at least 10% deposit and be able to meet the lenders criteria and credit scoring. [ ](https://www.pfk.co.uk/javascript:void(0);) [ ](https://www.pfk.co.uk/javascript:void(0);) [ ](https://www.pfk.co.uk/javascript:void(0);) [ ](https://www.pfk.co.uk/javascript:void(0);) Tags: [Blog](https://www.pfk.co.uk/news/tags/blog) [×](https://www.pfk.co.uk/javascript:void(0);) Stay Informed When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them. Your Name E-mail Address [ PFK Open The Doors ](https://www.pfk.co.uk/news/pfk-open-the-doors) [ Mortgage Lending Tips – FAQ’s ](https://www.pfk.co.uk/news/mortgage-lending-tips-faq-s) #### About the author [ ![PFK](https://pfk-estate.b-cdn.net/images/easyblog_avatar/924_pfk-favicon.png) ](https://www.pfk.co.uk/news/blogger/pfk) ### [PFK](https://www.pfk.co.uk/news/blogger/pfk) [ Subscribe to updates from author ](https://www.pfk.co.uk/javascript:void(0);) [ Unsubscribe to updates from author ](https://www.pfk.co.uk/javascript:void(0);) [ PFK ](https://www.pfk.co.uk/news/blogger/pfk) ##### Author's recent posts [More posts from author](https://www.pfk.co.uk/news/blogger/pfk) [ Monday, 09 November 2026 New landlord and property registration requirements coming in 2027 ](https://www.pfk.co.uk/news/new-landlord-and-property-registration-requirements-coming-in-2027) [ Wednesday, 09 September 2026 Introducing our brand new publication ](https://www.pfk.co.uk/news/introducing-our-brand-new-publication) [ Thursday, 02 July 2026 PFK Estate Agency Appoints New Managing Director ](https://www.pfk.co.uk/news/pfk-estate-agency-appoints-new-managing-director) #### Related Posts [](https://www.pfk.co.uk/news/our-guide-to-the-planning-requirements-for-short-term-holiday-letting-accommodation)### [Our Guide to the Planning Requirements for Short-Term Holiday Letting Accommodation](https://www.pfk.co.uk/news/our-guide-to-the-planning-requirements-for-short-term-holiday-letting-accommodation) [Planning & Development](https://www.pfk.co.uk/news/categories/planning-development) [](https://www.pfk.co.uk/news/lynne-lancaster-head-of-estate-agency-looks-ahead-to-2021-1)### [Lynne Lancaster, Head of Estate Agency, looks ahead to 2021.](https://www.pfk.co.uk/news/lynne-lancaster-head-of-estate-agency-looks-ahead-to-2021-1) [Estates](https://www.pfk.co.uk/news/categories/estates) [](https://www.pfk.co.uk/news/get-the-right-people-in-place-to-get-you-moving)### [Get the right people in place to get you moving.](https://www.pfk.co.uk/news/get-the-right-people-in-place-to-get-you-moving) [Estates](https://www.pfk.co.uk/news/categories/estates) [](https://www.pfk.co.uk/news/escape-to-the-country)### [Escape To The Country](https://www.pfk.co.uk/news/escape-to-the-country) [PFK News](https://www.pfk.co.uk/news/categories/pfk-news) [](https://www.pfk.co.uk/news/lessons-learned)### [Lessons Learned](https://www.pfk.co.uk/news/lessons-learned) [PFK News](https://www.pfk.co.uk/news/categories/pfk-news) #### Comments No comments made yet. 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