Criteria A-Z

As we manually underwrite our mortgages we're much more flexible with our criteria than most. Using our common sense approach (and our ears!) means we can cater for a wide spectrum of solutions for your clients, no matter their circumstances.

Browse criteria by A-Z below or search criteria by keyword to find what you need.

Take a look at what we have to offer
Buy to Let Criteria
Address History (Min UK address history needed)

Our standard acceptability

36

Criteria definition:

This is the required number of months a Buy to Let lender specifies a client has to have had a UK address history for. For example if ABC Bank states all Buy to Let borrowers must be UK residents and be able to show a 3 year address history in the UK then the value for the Address History (Min UK address history needed) criteria for ABC Bank would be 36.

Our policy notes:

We require a three year UK address history.

Our outside policy allowances:

We can consider applications from UK expatriates abroad without a three year UK address history. Please refer to the acceptable list of countries expatriates can be resident in which is located on our website.

Last updated:

31 May 2018

Advisor Own Application

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept Buy to Let applications from an advisor wishing to apply for his or her own mortgage.

Our policy notes:

Family Building Society can accept applications from advisors applying for their own mortgage.

Last updated:

07 November 2019

Age Limits: Maximum Age at End of Mortgage Term

Our standard acceptability

94

Criteria definition:

Indicates the absolute maximum age a Buy to Let lender will lend to. For instance, Chris is 55 years old and wants a Buy to Let mortgage term of 19 years which will mean he will be 74 when the mortgage finishes. ABC Bank have a maximum age of 75 years at the end of the mortgage term. It doesn't necessarily mean ABC Bank will give Chris a 19 year term - it simply indicates that if other criteria is met then this is the maximum they may be able to lend until.

In summary 'Lender max age at end of mortgage term' indicates the age a lender could potentially lend up to if you meet all required criteria.

Our policy notes:

This is the maximum age based on an 89 year old applying for a mortgage. The actual term for other ages depends on the age at application and the term we have from our term calulator available on our website.

Last updated:

31 May 2018

Age Limits: Minimum Age at Application

Our standard acceptability

18

Criteria definition:

The minimum age a Buy to Let lender will accept when assessing an applicant. For example Joe is 20 years old and wishes to apply for a Buy to Let mortgage with ABC Bank. ABC Bank requires all applicants to be at least 25 years of age therefore they will not currently lend to Joe.

Our policy notes:

The minimum age of each applicant must be 18.

Last updated:

31 May 2018

Arrangement to Pay

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept applicants that have an arrangement to pay registered on their credit file on Buy to Let applications.

Our policy notes:

Family Building Society will not consider applicants that have an arrangement to pay registered on their credit file.

Last updated:

07 November 2019

Arrears (secured/mortgage)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a lender can potentially accept Buy to Let applications from applicants that have a history of mortgage or secured loan arrears.

Our policy notes:

Any existing mortgage or secured loan must be up to date at the time of application. A maximum of one month’s arrears within the last 12 months will be allowed, provided the account is currently up to date. An explanation of any arrears will be required.

Last updated:

31 May 2018

Arrears (unsecured)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a lender is able to potentially accept Buy to Let  applications where one or more applicant(s) has a history of unsecured loan arrears.

Our policy notes:

Any existing mortgage/rent/loan must be up to date at the time of application. A maximum of one month’s arrears within the last 12 months will be allowed, provided the account is currently up to date. An explanation of any arrears will be required.

Last updated:

31 May 2018

Affordability Calculator

Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator

Find Your Local

Business Development Manager

Your Local BDM:

Arif Kara

Arif was previously a mortgage adviser, and focuses on North and West London. Contact Arif for help with your clients' mortgages.
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Your Local BDM:

Michelle Parry-Bunter

Michelle has worked for the Society for over a decade and focuses on the South Coast. Contact Michelle for help with your clients' mortgages.
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Your Local BDM:

Nathan Waller

Nathan, previously a mortgage broker, focuses on Cambridgeshire, East Sussex, Essex, Suffolk, Hertfordshire, Bedfordshire, Lincolnshire, Norfolk and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:

Grace Bennett

Grace focuses around the West M25 area. Contact Grace for help with your clients' mortgages.
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Your Local BDM:

Darren Deacon

Darren has over 28 years' Financial Services experience and focuses on both the East & West Midlands as well as the Southwest. Contact Darren for help with your clients' mortgages.
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Your Local BDM:

Paul Roberts

Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire & North East. Contact Paul for help with your clients' mortgages.
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We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:

Opening hours: Mon - Fri: 8am - 5.30pm, Sat: 9am - noon

We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.

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