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
Financial Associates with Adverse

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept Buy to Let applications from an applicant who is financially associated with someone who has adverse credit.

Our policy notes:

Family Building Society will not accept applicants that are financially associated with persons that have adverse credit.

Last updated:

07 November 2019

First Time Buyers

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can potentially consider applications from First Time Buyers.

Our policy notes:

Family Building Society does not accept Buy to Let applications from 'First Time Buyers'

Last updated:

22 May 2018

First Time Landlords

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a lender can potentially consider applications from First Time Landlords.

Our policy notes:

Family Building Society can potentially accept Buy to Let applications from 'First Time Landlords'.

Last updated:

31 May 2018

Flat/Maisonette Maximum LTV (New Build)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates the maximum potential loan to value (LTV) a Buy to Let lender can accept where the property type is a NEW BUILD flat or NEW BUILD maisonette.

Our policy notes:

We do not accept new build flats/maisonettes.

Last updated:

31 May 2018

Flat/Maisonette Maximum LTV (Standard)

Our standard acceptability

70

Criteria definition:

Indicates the maximum potential loan to value (LTV) a Buy to Let lender can accept where the property type is a flat or maisonette and it is NOT considered a new build.

Our policy notes:

The maximum LTV the Society will lend on any BTL is 70%

Last updated:

31 May 2018

Flying Freehold: Maximum acceptable percentage of the gross floor area

Our standard acceptability

20

Criteria definition:

Indicates the maximum percentage of gross floor area the flying freehold part covers that can be considered by us

Our policy notes:

Family Building Society accepts flying freehold up to a maximum gross floor area of 20%

Last updated:

11 September 2020

Foreign Nationals (Living Overseas)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider applications from foreign nationals living overseas who wish to obtain a BUY TO LET mortgage here in the UK. For example, a Chinese applicant who does not live or work in the UK who wants to purchase property here in the UK on a Buy to Let basis as an investment.

Our policy notes:

Family Building Society will not consider Buy to Let applications for foreign nationals (living overseas)

Last updated:

07 November 2019

Foreign Nationals (with indefinite leave to remain)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender is potentially able to accept applications from foreign nationals that have indefinite leave to remain. Often lenders that consider foreign nationals will have restrictions based on length of time resident in the UK, the size of deposit and the type of employment of the applicant.

Our policy notes:

We do accept applications from foreign nationals with a permanent right to reside.

Last updated:

31 May 2018

Foreign Nationals (WITHOUT indefinite leave to remain)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender is potentially able to accept applications from foreign nationals that DO NOT have indefinite leave to remain. Often lenders that consider foreign nationals will have restrictions based on length of time resident in the UK, the size of deposit and the type of employment of the applicant.

Our policy notes:

We would not be prepared to accept applications from non-EU nationals without a permanent right to reside.

Last updated:

31 May 2018

Full Time Landlord

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a lender can potentially lend to what they consider to be professional landlords. Typically a professional landlord is an applicant whose main income source is from their rental income from property.

Our policy notes:

Family Building Society can potentially accept applications from 'Full Time Landlords'.

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:

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