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.
No
Criteria definition:Indicates if we can offer Buy to Let offset mortgages (subject to product availability).
Our policy notes:Family Building Society does not offers offset mortgages.
Last updated:27 November 2025
10
Criteria definition:Indicates the amount you can usually overpay (subject to product availability) without penalty on our Buy to Let mortgages.
Borrowers can overpay up to 10% without penalty.
31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially lend on a property where the adjoining property is also owned by one of the applicants.
Our policy notes:Family Building Society does not lend on properties where the applicant also owns the adjoining property.
Last updated:21 August 2019
We do not accept Holiday Let applications
Criteria definition:Indicates if we 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 predominantly 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
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
Yes
Criteria definition:Indicates if our Buy to Let mortgages are portable as standard.
Our policy notes:Our products are portable.
31 May 2018
No Minimum
Criteria definition:Indicates if we specifiy 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.
30 April 2019
No Minimum
Criteria definition:Indicates if we require a minimum amount of experience (IN MONTHS) if lending to what we consider to be a portfolio landlord.
Our policy notes:The Society does not insist on a minimum period of experience.
31 May 2018
Accepted
Criteria definition:Indicates if we can accept '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
31 May 2018
Yes
Criteria definition:Indicates if we will allow post-offer changes
Our policy notes:Family Building Society can potentially allow post offer changes
Last updated:03 August 2023
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
Not Acceptable
Criteria definition:Indicates if we can potentially consider applications where the applicant's tenant will be paying their rent as an advance payment.
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
Not Acceptable
Criteria definition:Indicates if we 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.
Our policy notes:Unfortunately, we are unable to lend to any borrower who has been previously repossessed.
31 May 2018
Not Acceptable
Criteria definition:Indicates if we 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
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
Not Acceptable
Criteria definition:Indicates if we are able to potentially accept 100% timber construction properties - this is NOT the same as timber framed.
Our policy notes:These are not acceptable.
31 May 2018
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
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
Acceptable
Criteria definition:Indicates if we are 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.
31 May 2018
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
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