Criteria A-Z

Our standard acceptability:

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

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:

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on studio flats.

Our policy notes:

Studio flats are not normally acceptable.

Last updated:

31 May 2018

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