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.
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
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
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
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
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
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
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.
31 May 2018
Acceptable
Criteria definition:Indicates if we can potentially lend on ex local authority houses/bungalows.
Our policy notes:These are acceptable.
31 May 2018
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.
31 May 2018
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.
31 May 2018
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.
31 May 2018
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.
31 May 2018
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
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
Not Acceptable
Criteria definition:Indicates if we can potentially lend on studio flats.
Our policy notes:Studio flats are not normally acceptable.
31 May 2018
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
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
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.
31 May 2018
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
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.
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