Criteria A-Z

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

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

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we can 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

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can potentially lend on ex local authority houses/bungalows.

Our policy notes:

These are acceptable.

Last updated:

31 May 2018

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we can potentially accept flats above a commercial food outlet.

Our policy notes:

We would not accept this sort of property.

Last updated:

31 May 2018

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we 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

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we 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

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we 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

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending on property classified as a Grade 1 listed building. Categories of listed buildings in England & Wales: Grade I: buildings of exceptional interest. Grade II*: particularly important buildings of more than special interest. Grade II: buildings that are of special interest, warranting every effort to preserve them.

Our policy notes:

The Society is unable to lend on Grade 1 listed properties.

Last updated:

16 August 2023

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can potentially consider lending on property classified as a Grade 2 Listed Building. Categories of listed buildings in England & Wales: Grade I: buildings of exceptional interest. Grade II*: particularly important buildings of more than special interest. Grade II: buildings that are of special interest, warranting every effort to preserve them.

Our policy notes:

The Society will lend on Grade II listed properties.

Last updated:

17 August 2023

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can potentially lend on studio flats.

Our policy notes:

We may consider some applications on an exceptional basis where the property is of suitable quality, readily marketable, and acceptable to the valuer and underwriter. Each case will be assessed individually, and acceptance is not guaranteed.

Last updated:

05 August 2026

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

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we can potentially accept properties that have agricultural restrictions.

Our policy notes:

The Society will not usually lend on properties with agricultural restrictions.

Last updated:

03 August 2022

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we can potentially 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

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we are able to potentially accept buy to let applications from applicants who are looking to purchase a property that has an age restriction. For example, Mr Jones is looking to purchase a retirement apartment that can only be occupied by people who are at least 55 years of age. 

Our policy notes:

The Society will not lend on properties with any form of occupancy restriction.

Last updated:

16 August 2023

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we can potentially accept properties that have deck access.

Our policy notes:

We do not accept this property type.

Last updated:

31 May 2018

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we can 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

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we can 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

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

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we can potentially accept situations where the property being purchased on a Buy to Let basis has an existing tenant who wishes to remain in the property and therefore 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