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.
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 into rented accomodation as opposed to purchasing a new main residence.
Our policy notes:Family Building Society will not consider Buy to Let remortgage applications where the property is currently the applicants main residence but will now be Let and the applicant will be moving into separate rented accomodation
Last updated:07 November 2019
Directors & Shareholders
Criteria definition:Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Special Purpose Vehicle Ltd Companies.
Our policy notes:Family Building Society considers both 'Directors AND Shareholders' as applicants when assessing applications from SPV Limited Companies.
Last updated:19 July 2019
4
Criteria definition:Indicates the maximum number of applicants we can consider when lending to Special Purpose Vehicle Limited Companies.
Our policy notes:Family Building Society can consider Buy to Let applications from SPVs with a maximum number of applicants of four.
Last updated:31 May 2018
No Minimum
Criteria definition:Indicates if there is a minimum trading period for 'Special Purpose Vehicle Limited Companies' and if so how long IN MONTHS this is.
Our policy notes:The Society will only lend to newly created limited company SPVs.
22 May 2018
No
Criteria definition:Indicates if we require shareholders in a 'Special Purpose Vehicle' Limited Company to provide personal guarantees as well as the 'Directors'.
Our policy notes:Family Building Society does NOT require shareholders that are not directors to provide personal guarantees on SPV Ltd Company applications in addition to the Directors of the company.
Last updated:27 November 2025
Does not lend to Trading Ltd Companies
Criteria definition:Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Trading Ltd Companies.
Our policy notes:Family Building Society does not accept Ltd Company Buy to Let applications
Last updated:22 May 2018
Does not lend to Trading Ltd Companies
Criteria definition:Indicates the maximum number of applicants we can consider when lending to Trading Limited Companies
Our policy notes:The Society does not lend to trading limited companies.
22 May 2018
No Minimum
Criteria definition:Indicates if there is a minimum trading period for 'Trading Limited Companies' and if so how long IN MONTHS this is.
Our policy notes:There is no minimum trading period for the SPV. However, the SPV must be a distinct company with its own assets and liabilities, as well as its own legal status and created for the specific objective of the holding of BTL property.
22 March 2021
Does not lend to Trading Ltd Companies
Criteria definition:Indicates if we require shareholders in a 'Trading' Limited Company to provide personal guarantees as well as the 'Directors'.
Our policy notes:Family Building Society does not lend to trading limited companies.
Last updated:08 November 2021
Accepted
Criteria definition:Indicates if we can potentially accept Buy to Let applications from Limited Companies
Our policy notes:Family Building Society can consider Ltd Company Buy to Let applications with SIC codes 68100, 68209 & 68320
We can consider for domestically based applicants and for Expat's living in any of our considered acceptable countries.
27 November 2025
Accepted
Criteria definition:Indicates if we can potentially accept Buy to Let applications from Limited Companies where the Ltd company is set up as a 'Special Purpose Vehicle (SPV)'.
Our policy notes:Family Building Society can potentially accept Buy to Let applications from Ltd Companies set up as a Special Purpose Vehicle (SPV) with the SIC codes 68100, 68209 & 68320
Last updated:10 January 2025
Not Accepted
Criteria definition:Indicates if we can potentially accept Buy to Let applications from Trading Limited Companies. Trading Limited Companies are companies that are not set up exclusively for the purpose of buying property for example a trading ltd company that sells furniture as its primary function.
Our policy notes:Family Building Society does NOT accept Buy to Let applications from TRADING Ltd Companies.
Last updated:22 May 2018
84
Criteria definition:Indicates the maximum age an applicant can be at application.
Our policy notes:Family Building Society can consider Buy to Let applications from Ltd Companies where the applicant is aged 89 or under at point of application.
Last updated:27 November 2025
Not Acceptable
Criteria definition:Indicates if we consider a Limited Company Buy to Let application where the source of deposit is from applicants other company
Our policy notes:Family Building Society will not consider a Limited Company Buy to Let application where the source of deposit is from applicants other company.
Last updated:16 September 2020
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