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.
75
Criteria definition:Indicates the maximum loan to value (LTV) we can accept where the BTL remortgage purpose is to repay the customer's residential mortgage.
Our policy notes:Family Building Society has a maximum LTV of 75% when remortgaging with capital raising to repay their residential mortgage
Last updated:12 February 2025
Acceptable
Criteria definition:Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is education or school fees
Our policy notes:Family Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is education or school fees
Last updated:16 September 2020
6
Criteria definition:Indicates the number of months we state a person must have owned a property before it can be considered for a remortgage application.
Our policy notes:We will consider remortgages after 6 month's ownership.
31 May 2018
Acceptable
Criteria definition:Indicates if we accept mortgages on a Repayment basis (Capital & Interest) for Buy to Let applications.
Our policy notes:Family Building Society can potentially offer Buy to Let mortgages on a 'Repayment (Capital & Interest)' basis.
Last updated:31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially offer a Buy to Let mortgage on a property that has a 'Restricted Sale Price' clause.
Our policy notes:Family Building Society will not consider applications on properties that have a restricted sale price clause.
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we can potentially lend on properties that have been issued with a retrospective new build warranty. These warranties were specifically not in place during the build phase but taken out at a later date following completion.
Our policy notes:Family Building Society will not consider retrospective new build warranties.
Last updated:07 November 2019
Acceptable
Criteria definition:Indicates if we can potentially accept Buy to Let applications from an applicant who is returning to the UK and going straight into paid employment. Critically, indicates if a lender will accept an employed applicant (with no current minimum length of time in UK employment) who is returning from a non UK address to the UK.
Our policy notes:We can potentially consider applications from applicants who are returning to the UK and going straight into employment. The applicant must have maintained an active UK credit history during their time abroad and not within a probationary period in employment.
Last updated:05 August 2026
Not Acceptable
Criteria definition:Indicates if we can potentially accept Buy to Let applications from an applicant who is returning to the UK and going straight into Self-Employment. Critically, indicates if a lender will accept a Self-Employed applicant who is returning from a non UK address to the UK and would essentially have zero UK trading history.
Our policy notes:Family Building Society will not accept applications from applicants who are returning to the UK and going straight into self-employment.
Last updated:07 November 2019
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