Can I get a mortgage on furlough?
How salary cuts and furlough may affect your ability to get a mortgage and problems with the Self-Employed Income Support Scheme.
Pandemic-related salary cuts and being furloughed could affect your ability to get a mortgage. What will mortgage providers take into account - your previous normal salary or your 80% rate? And will job types in sectors hit badly by the coronavirus now be deemed less desirable by lenders? We hear your stories and get advice from Martin Stewart, Director of the independent mortgage broker, London Money.
Millions of self-employed workers are being offered help through the government's new Self-Employed Income Support Scheme (SEISS). But Money Box listeners say they've experienced problems with the SEISS online checker and complain they've been wrongly rejected. We discover what's going on with the scheme and hear from the chief executive of HMRC, Jim Harra - the man in charge.
Many of us are being forced to work from home during the pandemic and that can means extra costs for the employee. We find out from Heather Self, Tax Director at Blick Rothenberg, how your employer can offset your extra costs and what you can claim against tax.
Good news for some Virgin Money customers who had their credit cards frozen this week and there's a cancelled holiday chargeback success story in the Money Box podcast.
Email moneybox@bbc.co.uk or tweet @Moneybox with any personal finance questions or queries.
Presenter: Paul Lewis
Producer: Paul Waters
Editor: Emma Rippon
Reporter: Ben Carter
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- Sat 9 May 2020 12:04Βι¶ΉΤΌΕΔ Radio 4
- Sun 10 May 2020 21:00Βι¶ΉΤΌΕΔ Radio 4
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Money Box
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