Mortgage Solutions understands that with home working practices becoming so ingrained over the last year, staff will be permitted to wear t-shirts, tracksuits and jogging bottoms when they return.
And in acknowledgement that it is increasingly unlikely that summer holidays abroad will be permitted this year, the move is also likely to include beachwear such as shorts and swimsuits.
Arm bands may be optional though.
It is understood the policies are the brainchild of the so-called ‘Coconut Six’ working group formed by the nation’s biggest lenders to help boost employee morale throughout the industry.
In the interests of maintaining equality, the working group is also open to the possibility of allowing staff based on the road to use the more relaxed rules.
However, it is expected that brokers would want to be consulted about having business development managers (BDM) visiting in only shorts, t-shirt or swimwear.
Rolf Lopia, spokesperson for the Coconut Six, said one of the biggest concerns about lifting dress code restrictions was employee health and safety.
“While this may seem like a quick win to boost morale and welcome staff back to the office, we have to acknowledge the risks,” he said.
“You can only imagine the headlines if a BDM was involved in a car crash from a poorly worn flip flop affecting their driving.”