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
Late Payments (Not Missed)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a we can potentially consider buy to let applications from applicants who have a history of late payments (NOT REGISTERED AS MISSED) on any credit agreements they hold.

Our policy notes:

Family Building Society can potentially accept applicants with previous 'Late Payments'.

Last updated:

15 January 2021

Layered company Ltd BTL

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we will consider a Limited Company Buy to Let application from a layered Ltd Company

Our policy notes:

Family Building Society will not consider applications from a layered Ltd Company

Last updated:

11 September 2020

Leasehold Property where No Separate Management Company Exists

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on Buy to Let applications for leasehold properties where no separate management company exists.

Our policy notes:

Family Building Society will not lend on leasehold properties where no separate management company exists.

Last updated:

07 November 2019

Legal: No search indemnity insurance (purchases)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept ‘no-search indemnity insurance’ for a purchase application

Our policy notes:

Family Building Society can potentially accept ‘no-search indemnity insurance’ for a purchase application

Last updated:

09 December 2024

Legal: No search indemnity insurance (remortgages)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept ‘no-search indemnity insurance’ for a remortgage application

Our policy notes:

Family Building Society can potentially accept ‘no-search indemnity insurance’ for a remortgage application

Last updated:

09 December 2024

Legal: Private local authority search (purchases)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept a private local authority search for a purchase application

Our policy notes:

Family Building Society can potentially accept a private local authority search for a purchase application

Last updated:

09 December 2024

Legal: Private local authority search (remortgages)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept a private local authority search for a remortgage application

Our policy notes:

Family Building Society can potentially accept a private local authority search for a remortgage application

Last updated:

09 December 2024

Lender or Group Lending Limit

Our standard acceptability

No Maximum

Criteria definition:

Indicates if we have a maximum exposure limit a borrower can have with us or within our group.

Our policy notes:

The Society has no maximum.

Last updated:

31 May 2018

Lender or Group Maximum Number of Mortgages

Our standard acceptability

3

Criteria definition:

Indicates if we have a maximum number of mortgages a borrower can have with us or within our group. 

Our policy notes:

We will normally limit a borrower to no more than three BTL mortgages with the Society.

Our outside policy allowances:

Once the Society has experience of a borrower we may permit them to have more than three BTLs with the Society

Last updated:

31 May 2018

Lending against Uplifted Value following Refurbishment Works

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially offer a remortgage and use the uplifted value of the property following recent works of improvement. For example, Jon purchases a property for £150,000 and spend a couple of months doing the place up following which the property is now worth £250,000. Jon now wants to find a lender who will allow him to raise capital based on the newly enhanced value.

Our policy notes:

Family Building Society will not use the uplifted value in this situation.

Last updated:

31 May 2018

Lending Location: Channel Islands

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider Buy to Let lending on properties located in the Channel Islands.

Our policy notes:

We cannot accept applications for mortgages in Guernsey.

Last updated:

29 November 2018

Lending Location: England

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider Buy to Let lending on properties located in England.

Our policy notes:

We do lend in England

Last updated:

31 May 2018

Lending Location: Isle of Man

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending on properties located on the Isle of Man.

Our policy notes:

Family Building Society does not lend on properties on the Isle of Man.

Last updated:

31 May 2018

Lending Location: Isle of Wight

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider lending on properties located on the Isle of Wight

Our policy notes:

We do lend on the Isle of Wight.

Last updated:

31 May 2018

Lending Location: Northern Ireland

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending on properties located in Northern Ireland.

Our policy notes:

Family Building Society does not lend on properties in Northern Ireland.

Last updated:

31 May 2018

Lending Location: Scilly Isles

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending on properties located in the Scilly Isles.

Our policy notes:

Family Building Society does not lend on properties in the Scilly Isles.

Last updated:

31 May 2018

Lending Location: Scotland

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending on properties located in Scotland.

Our policy notes:

Family Building Society does not lend on properties in Scotland.

Last updated:

31 May 2018

Lending Location: Wales

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider lending on properties located in Wales.

Our policy notes:

We do lend in Wales.

Last updated:

31 May 2018

Let to Buy (Remortgage current residential to Buy to Let)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept applications to remortgage onto a buy to let basis when the current mortgage is residential.

Our policy notes:

We can accept applications for a remortgage onto a buy to let basis subject to our normal BTL criteria.

Last updated:

31 May 2018

Let to move in with family

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we will allow an applicant to remortgage their current residential property onto a Buy to Let mortgage and then move in with family as opposed to purchasing a new main residence.

Our policy notes:

Family Building Society is unable to consider a Buy to Let remortgage application where the property is currently the applicant's main residence but will now be let and the applicant will be moving in with family

Last updated:

03 August 2022

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:

Sam Morrison

Working out of our head office, as our phone-based BDM in Epsom, Sam has a wealth of knowledge regarding our processes and criteria and covers a variety of postcodes across the UK.
Edit my local BDM

Your Local BDM:

Neil Cadwallader

Neil has over 19 years experience in Financial Services from pensions and investments to mortgages. Neil focuses around South Wales and the West of England area. Contact Neil for help with your clients' mortgages.
Edit my local BDM

Your Local BDM:

Stuart Heavens

Stuart focuses on the South Coast area. Contact Stuart for help with your clients' mortgages.
Edit my local BDM

Your Local BDM:

Amar Mashru

Amar focuses on the Central London area. Contact Amar for help with your clients' mortgages.
Edit my local BDM

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.
Edit my local BDM

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.
Edit my local BDM

Your Local BDM:

Grace Bennett

Grace focuses around the West M25 area. Contact Grace for help with your clients' mortgages.
Edit my local BDM

Your Local BDM:

Gina England

Gina has a vast amount of experience with both simple and complex lending solutions. If you're in the East or West Midlands, please contact Gina for help with your clients' mortgages.
Edit my local BDM

Your Local BDM:

Paul Roberts

Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire and the North East. Contact Paul for help with your clients' mortgages.
Edit my local BDM

We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:

Opening hours: Monday - Friday: 9am - 5.30pm. Saturday: Closed

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

Edit my local BDM