Criteria A-Z

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

Our standard acceptability:

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 can potentially consider lending on properties that have been underpinned within the last 10 years.

Last updated:

05 August 2026

Our standard acceptability:

No

Criteria definition:

Indicates if we can potentially assist with a BTL application where there is an absentee freeholder.

Our policy notes:

Family Building Society will not consider a BTL application with an absentee freeholder

Last updated:

05 August 2026

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 for loans up to 50% LTV

Last updated:

28 January 2021

Our standard acceptability:

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 can potentially consider lending on properties that are subject to a possessory title.

Last updated:

05 August 2026

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

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

Our standard acceptability:

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 consider joint applications where the property ownership will be as tenancy in common with unequal shares.

Last updated:

05 August 2026

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

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