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
Permission to Self Occupy Holiday Let Property

Our standard acceptability

We do not accept Holiday Let applications

Criteria definition:

Indicates if a lender can potentially consider applications from borrowers that wish to Let the property on a Holiday Let basis and occupy the property themselves from time to time. For example whilst the property is predominently Let on a Holiday Let a few weeks a year the applicant would like to stay in the property.

Our policy notes:

Family Building Society does not lend on properties that are intended to be Let as a 'Holiday Let'

Last updated:

22 May 2018

Politically exposed persons

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept Buy to Let applications from an applicant that is considered a politically exposed person.

Our policy notes:

Family Building Society will not consider an applicant that is classed as a politically exposed person.

Last updated:

07 November 2019

Portable mortgages as standard

Our standard acceptability

Yes

Criteria definition:

Indicates if a lenders Buy to Let mortgages are portable as standard.

Our policy notes:

Our products are portable.

Last updated:

31 May 2018

Portfolio Applicants Minimum Income Requirement

Our standard acceptability

No Minimum

Criteria definition:

Indicates if a lender specifies a minimum income an applicant must earn in order to be considered for a Buy to Let mortgage where the applicant is considered a portfolio landlord.

Our policy notes:

The Society does not have a minimum income for Buy to Let.

Last updated:

30 April 2019

Portfolio Landlord Minimum Experience

Our standard acceptability

No Minimum

Criteria definition:

Indicates if a lender requires a minimum amount of experience (IN MONTHS) if lending to what they consider to be a portfolio landlord.

Our policy notes:

The Society does not insist on a minimum period of experience.

Last updated:

31 May 2018

Portfolio Landlords Position and Definition

Our standard acceptability

Accepted

Criteria definition:

Indicates if a lender accepts 'Portfolio' landlords and IMPORTANTLY how they define a portfolio landlord. 

Our policy notes:

Family Building Society specifies a 'Portfolio Landlord' as 4 or more completed qualifying rental properties that are mortgaged. The number of qualifying properties that constitutes a 'Portfolio Landlord' is All applicants combined Buy To Let properties. A qualifying property:

    • Includes Privately owned Buy to Let rental properties
    • Includes Company owned Buy to Let rental properties
    • where the applicant has a shareholding of more than 0 %
    • Includes Consent to Let properties
    • Includes Holiday Lets
    Single title multi unit properties are counted as individual properties.

Last updated:

31 May 2018

Power of Attorneys

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept Buy to Let applications from an applicant that is acting with Power of Attorney.

Our policy notes:

Family Building Society will not consider an applicant from someone acting as a power of attorney.

Last updated:

07 November 2019

Premium lease agreements (tenancies where a proportion of the rent is paid upfront)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can potentially consider applications where the applicants tenant will be paying their rent as an advance payment. For example often a tenant may not pass the initial checks carried out due to a number of reasons (failed credit check, lack of address history, etc) and as a solution to proceed a landlord might accept 6 months rent upfront as a compromise.

Our policy notes:

Family Building Society does not accept 'Premium Lease Agreements' where a prospective tenant is paying their rent as an advanced payment.

Last updated:

31 May 2018

Previously Repossessed (years ago acceptable)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can accept Buy to Let applications from applicants that have previously been repossessed and if so how many years need to have passed to be acceptable. For example an applicant had a property repossessed just over 5 years ago and now wishes to apply for a Buy to Let mortgage. They speak to their bank who informs them that they can consider applicants who have previously been repossessed as long as it was over 5 years ago. This means the applicant can potentially proceed.

Our policy notes:

Unfortunately, we are unable to lend to any borrower who has been previously repossessed.

Last updated:

31 May 2018

Properties with Asbestos

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially lend on a property where there is evidence of asbestos present.

Our policy notes:

Family Building Society does NOT lend on properties where Asbestos is identified.

Last updated:

31 May 2018

Property being purchased at auction

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider an application where the property will be purchased at auction

Our policy notes:

Family Building Society can consider an Buy to Let application where the property will be purchased at auction

Last updated:

16 September 2020

Property Construction: 100% Timber Construction

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender is able to potentially accept 100% timber construction properties - this is NOT the same as timber framed.

Our policy notes:

These are not acceptable.

Last updated:

31 May 2018

Property Construction: BOPAS accreditation required for non-standard construction

Our standard acceptability

No

Criteria definition:

Indicates if BOPAS accreditation is required for non-standard construction where the non-standard construction type is acceptable to us

Our policy notes:

Family Building Society does not require BOPAS accreditation for non-standard construction where the construction type is acceptable to us

Last updated:

16 September 2020

Property Construction: British Iron and Steel Federation (BISF)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider properties where the construction type is British Iron and Steel Federation (BISF)

Our policy notes:

Family Building Society will not lend on properties where the construction type is British Iron and Steel Federation (BISF)

Last updated:

16 September 2020

Property Construction: Concrete construction

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender is able to potentially accept concrete construction properties.

Our policy notes:

Prefabricated or large panel concrete construction (LPS) are not acceptable. Pre-fabricated reinforced concrete construction (PRC) May be considered if the property has been repaired by PRC Homes with a brick external skin and has the benefit of a 60 year guarantee, and the Valuer confirms property is readily saleable. NB. If the property is either semi-detached or terraced, all properties in the row must have been repaired. Concrete block construction designated Mundic are not acceptable.

Last updated:

31 May 2018

Property Construction: Converted church

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider an application on a converted church

Our policy notes:

Family Building Society can potentially consider an application on a converted church

Last updated:

16 September 2020

Property Construction: Dutch barns

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider Dutch Barn properties

Our policy notes:

Family Building Society can potentially lend on a Dutch Barn property

Last updated:

16 September 2020

Property Construction: Easiform

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender is able to potentially accept Easiform construction properties.

Our policy notes:

Laing Easi-Form construction (providing in good condition) is acceptable.

Last updated:

31 May 2018

Property Construction: Flying Freehold

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept properties where there exists a flying freehold.

Our policy notes:

Flying freeholds are acceptable providing they don't exceed more than 20% of the floor area and the valuer confirming that the presence of the flying freehold will not adversely affect saleability, and the Solicitor confirming that the Title Deeds contain adequate rights of shelter and support plus arrangements for maintenance and repair.

Last updated:

31 May 2018

Property Construction: Insulating concrete form (ICF)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider properties where the construction type is Insulating concrete form (ICF)

Our policy notes:

Family Building Society will not lend on properties where the construction type is Insulating concrete form (ICF)

Last updated:

16 September 2020

Property Construction: Majority Flat Roof

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender is potentially able to accept Buy to Let  applications on properties that have majority flat roof. We classify 'majority' as anything over 50%.

Our policy notes:

These are not acceptable.

Last updated:

31 May 2018

Property Construction: Modern method of construction (MMC)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept applications on properties where the construction type is Modern method of construction (MMC).

Our policy notes:

Not normally accepted but considered on a case by case basis. These need to be referred to an underwriter to be assessed on a case by case basis.

Our outside policy allowances:

Please refer cases of good loan to value for consideration as an exception.

Last updated:

31 May 2018

Property Construction: Mundic block

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept applications on properties where the construction type is Mundic block.

Our policy notes:

Our general stance is we won't lend on properties where the construction, or part of the construction, is from Mundic block.

Our outside policy allowances:

Please refer for individual consideration with the address of the property and any existing reports that may assist the underwriter in making a decision.

Last updated:

31 May 2018

Property Construction: No-Fines

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept applications on properties where the construction type is No-Fines.

Our policy notes:

Wimpey No Fines construction (providing in good condition) is acceptable.

Last updated:

31 May 2018

Property Construction: Non repaired prefabricated reinforced concrete

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept NON repaired prefabricated reinforced concrete as suitable security for lending purposes.

Our policy notes:

These are not acceptable.

Last updated:

31 May 2018

Property Construction: Off site manufactured (MMC)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider properties where the construction type is Off site manufactured (MMC)

Our policy notes:

Family Building Society will not lend on properties where the construction type is Off site manufactured (MMC)

Last updated:

16 September 2020

Property Construction: Potton Homes

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider Potton Home properties

Our policy notes:

Family Building Society can potentially lend on a Potton Home property

Last updated:

16 September 2020

Property Construction: Repaired prefabricated reinforced concrete

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept repaired prefabricated reinforced concrete as suitable security for lending purposes.

Our policy notes:

Pre-fabricated reinforced concrete construction (PRC) May be considered if the property has been repaired by PRC Homes with a brick external skin and has the benefit of a 60 year guarantee, and the Valuer confirms property is readily saleable. NB. If the property is either semi-detached or terraced, all properties in the row must have been repaired.

Last updated:

31 May 2018

Property Construction: Steel framed

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept steel framed properties as suitable lending security.

Our policy notes:

These are not acceptable.

Last updated:

31 May 2018

Property Construction: Structural Insulated Panel Solutions (SIPs)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider properties where the construction type is Structural Insulated Panel Solutions (SIPs)

Our policy notes:

Family Building Society will not lend on properties where the construction type is Structural Insulated Panel Solutions (SIPs)

Last updated:

16 September 2020

Property Construction: Thatched roof

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept properties that have any element of a thatched roof.

Our policy notes:

These are acceptable.

Last updated:

31 May 2018

Property Construction: Timber framed

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept timber framed properties.

Our policy notes:

These are acceptable.

Last updated:

31 May 2018

Property Construction: Timber framed (1900 to 1970)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property that is of Timber-Framed construction built between 1900 to 1970 for Buy to Let applications.

Our policy notes:

Family Building Society will not lend on properties that are a timber frame construction dating between 1900 to 1970.

Last updated:

07 November 2019

Property Construction: Timber framed (Post 1970)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property that is of Timber-Framed construction built after 1970 for Buy to Let applications.

Our policy notes:

Family Building Society will not lend on properties that are a timber frame construction dated post 1970.

Last updated:

07 November 2019

Property Construction: Timber framed (Pre 1900)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property that is of Timber-Framed construction built prior to 1900 for Buy to Let applications.

Our policy notes:

Family Building Society will not lend on properties that are a timber frame construction dating pre 1900.

Last updated:

07 November 2019

Property Construction: Tower Block with Cladding

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending on a property in a tower block with cladding

Our policy notes:

Family Building Society will not lend on a tower block of flats that have cladding

Last updated:

16 September 2020

Property Construction: Wholly Timbered

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider wholly timbered property

Our policy notes:

Family Building Society will not lend on a wholly timbered property

Last updated:

11 September 2020

Property Construction: Woolaway

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider a woolaway property

Our policy notes:

Family Building Society will not lend on a woolaway property

Our outside policy allowances:

These are declared defective under the Defective Housing Act and the Society can only consider those that have been adapted and have a PRC certificate.

Last updated:

16 September 2020

Property Developers

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a lender can potentially accept applications from property developers

Our policy notes:

Family Building Society can potentially accept Buy to Let applications from individuals they deem property developers.

Last updated:

31 May 2018

Property Factors: Mine Shafts

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a property that is close to a mine shaft for Buy to Let applications.

Our policy notes:

Family Building Society can potentially consider lending on properties that are close to a mine shaft.

Last updated:

12 February 2020

Property Factors: Property needing Refurbishment before Letting

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider Buy to Let applications where refurbishment is required

Our policy notes:

Family Building Society will not consider a Buy to Let application where the property requires refurbishment before it can be Let.

Last updated:

07 November 2019

Property Factors: Underpinned within last 10 years

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on properties that have been underpinned in the last 10 years on Buy to Let applications

Our policy notes:

Family Building Society will not lend on properties that have been underpinned in the last 10 years

Last updated:

07 November 2019

Property Issues: Overage Clause

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider a property with an Overage Clause

Our policy notes:

Family Building Society can potentially consider a property with an Overage Clause

Last updated:

16 September 2020

Property Ownership: Possessory Title

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on Buy to Let applications for properties that only have possessory title.

Our policy notes:

Family Building Society will not lend on properties that are subject to a possessory title.

Last updated:

07 November 2019

Property Ownership: Shared access or shared services

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider a property with shared access or shared services

Our policy notes:

Family Building Society can potentially consider a property with shared access or shared services

Last updated:

16 September 2020

Property Ownership: Splitting of a title deed on completion

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider an application where the splitting of a title deed will take place on completion

Our policy notes:

Family Building Society can potentially consider an application where the splitting of a title deed will take place on completion

Last updated:

16 September 2020

Property Ownership: Tenancy in Common with Unequal Shares

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on Buy to Let applications on properties where the joint ownership is set up on a tenants in common basis where each owner has an unequal share. For example, Applicant 'A' owns 70% of the property and Applicant 'B' owns 30%.

Our policy notes:

Family Building Society will not consider joint applications where the property ownership will be as tenancy in common with unequal shares.

Last updated:

07 November 2019

Property Ownership: Trust

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on Buy to Let applications for properties that are owned by a trust.

Our policy notes:

Family Building Society will not lend on properties that are owned by a trust.

Last updated:

07 November 2019

Property Type: Basement flat

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a basement flat

Our policy notes:

Family Building Society can potentially lend on a basement flat

Last updated:

16 September 2020

Property Type: Coach house

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider a coach house property

Our policy notes:

Family Building Society can potentially lend on coach houses

Last updated:

16 September 2020

Property Type: Ex local auth flat/maisonette

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender is potentially able to lend on ex local authority flats/maisonettes.

Our policy notes:

We would not lend on this property type.

Last updated:

31 May 2018

Property Type: Ex local authority house/bungalow

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender is potentially able to lend on ex local authority houses/bungalows.

Our policy notes:

These are acceptable.

Last updated:

31 May 2018

Property Type: Flat above commercial food outlet

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender is able to potentially accept flats above a commercial food outlet.

Our policy notes:

We would not accept this sort of property.

Last updated:

31 May 2018

Property Type: Flat above commercial offices

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept flats that are above commercial offices. 

Our policy notes:

Prestige locations only. Properties should have separate title and access. Valuer to confirm the property is readily saleable.

Last updated:

31 May 2018

Property Type: Flat above commercial pub

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept flats that are above a pub.

Our policy notes:

We would not consider this type of property.

Last updated:

31 May 2018

Property Type: Freehold flats and maisonettes

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept a flat or maisonette where the tenure is freehold. 

Our policy notes:

Freehold flats/maisonettes are not acceptable.

Last updated:

31 May 2018

Property Type: Studio flat

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially lend on studio flats.

Our policy notes:

Studio flats are not normally acceptable.

Last updated:

31 May 2018

Property Type: Studio Flat Minimum Floor Area (Sq Metres)

Our standard acceptability

We do not lend on studio flats

Criteria definition:

Indicates the area in square metres required when lending on studio flats for Buy to Let lending.

Our policy notes:

Family Building Society does not lend on studio flats.

Last updated:

31 May 2018

Property with acreage

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender is potentially able to accept properties that have a significant amount of land (properties that have acreage).

Our policy notes:

These are not acceptable unless the land is separated from the main house' title. Valuations are assessed on the house and immediate gardens.

Last updated:

31 May 2018

Property with deck access

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender can potentially accept properties that have deck access. 

Our policy notes:

We do not accept this property type.

Last updated:

31 May 2018

Property with more than one kitchen

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a Buy to Let lender is able to potentially accept an application where the security property has more than one kitchen. This is not the same as a property split into two or more units or a House of Multiple Occupation (HMO).

Our policy notes:

Properties with more than one kitchen are not normally acceptable.

Our outside policy allowances:

Consideration can be given where a property has a 'granny' annexe. These must be referred prior to submission on an application. Please provide the property address and any sales particulars (where applicable) for an underwriter to give consideration.

Last updated:

31 May 2018

Property with Restrictive Covenant Section 106

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender is able to potentially accept Buy to Let applications on properties that are subject to a Section 106 restrictive covenant.

Our policy notes:

Family Building Society does not lend on properties that have a section 106 restrictive covenant.

Last updated:

31 January 2018

Purchase and rent back to the builders as a show home

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider a Buy to Let application where the applicant will purchase a new build property and rent back to the builders as a show home

Our policy notes:

Family Building Society will not consider a Buy to Let application where the applicant will purchase a new build property and rent back to the builders as a show home

Last updated:

16 September 2020

Purchase applications where existing tenants will remain in the property

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender is able to potentially accept situations where the property being purchased on a Buy to Let basis has an existing tenant whom wishes to remain in the property and therefor vacant possession on completion would not exist.

Our policy notes:

Family Building Society does not accept situations on purchase applications where there is a tenant in situ at the property where it is the intention to allow them to remain as the ongoing tenant.

Last updated:

31 May 2018

Purchase from Individual Name to Limited Company (Related Transaction)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a lender can potentially accept an application where a Limited Company wishes to purchase a property from one of its directors or shareholders. This is typically referred to as a 'Related Transaction'.

Our policy notes:

Family Building Society can potentially consider applications where the Ltd Company is purchasing the property on a related transaction basis.

Last updated:

31 May 2018

Purchase from Limited Company to Individual Name (Related Transaction)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a lender can potentially accept an application where the purchaser is looking to purchase a property from a limited company for which he/she is a shareholder.

Our policy notes:

Family Building Society can potentially accept these types of transaction where the individual is looking to purchase a property from a Ltd Company that they are a director or shareholder of.

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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