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.
Not Acceptable
Criteria definition:Indicates if we can accept a gift as a deposit source outside of immediate family members such as a friend, employer or cousin for example.
Our policy notes:These are not acceptable.
31 May 2018
Not Acceptable
Criteria definition:Indicates if we can accept a loan from an immediate family member as an acceptable source of deposit on a buy to let application.
Our policy notes:Family Building Society is unable to accept deposits where the source is a loan from immediate family
Last updated:03 August 2022
Acceptable
Criteria definition:Indicates if we can accept monies raised from the mortgage of an additional property as an acceptable source of deposit.
Our policy notes:This is acceptable.
31 May 2018
Not Acceptable
Criteria definition:Indicates if can potentially accept deposits that have originated outside of the European Economic Area (EEA) as an acceptable source of deposit.
Our policy notes:We do not accept funds from sources deposited outside of the EU.
If the country the funds are deposited in are FATF compliant the case should be referred for further consideration.
04 July 2025
Acceptable
Criteria definition:Indicates whether or not we will accept a redundancy payment as an acceptable source of deposit on a BTL application.
Our policy notes:Family Building Society can potentially accept a redundancy payment as an acceptable source of deposit
Last updated:03 August 2022
Not Acceptable
Criteria definition:Indicates whether or not we will accept borrowers source of deposit as a loan. For example a person is looking to put down a total 25% deposit and borrow a 75% mortgage. 5% of the total deposit is a bank loan.
Our policy notes:We do not accept deposits that have been borrowed.
31 May 2018
Acceptable
Criteria definition:Indicates if we can potentially consider an application with a split term. For example, an applicant wishes to take one part of their mortgage over 25 years and another part over 10 years.
Our policy notes:Family Building Society can offer mortgages with split term durations
Last updated:16 September 2020
ICR based
Criteria definition:This relates to the potential rental calculation we will apply.
Our policy notes:Please refer to the Society's website
Last updated:03 August 2023
Not Acceptable
Criteria definition:Indicates if we can potentially use the student Let rental valuation as opposed to the open market valuation to a typical tenant (family, couples, etc)
Our policy notes:Family Building Society will not use the student Let rental valuation for affordability as opposed to the open market rental valuation.
Last updated:07 November 2019
No
Criteria definition:Indicates if we can potentially ignore telecommunications adverse credit on Buy to Let applications.
Our policy notes:Family Building Society will not ignore telecommunications adverse.
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we can potentially consider applications from borrowers that wish to Let the property to an Asylum Seeker.
Our policy notes:Family Building Society will not consider applications where the property will be let to an Asylum seeker
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we an potentially consider applications from borrowers that wish to Let the property on a Corporate Let or Company Let
Our policy notes:Family Building Society will consider properties that are to be Let on a Corporate/Company Let basis.
Last updated:09 December 2024
Not Acceptable
Criteria definition:Indicates if we can potentially consider applications from borrowers that wish to Let the property to Housing Association tenants.
Our policy notes:Family Building Society does not accept Housing Association tenants.
Last updated:22 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially consider applications from borrowers that wish to Let the entire property via services such as AirBnB and similar.
Our policy notes:Family Building Society does not lend on properties that are intended to be Let as a 'Holiday Let'
Last updated:31 January 2018
Not Acceptable
Criteria definition:Indicates if we can potentially consider applications from borrowers that wish to have multiple tenancies on a Buy to Let property.
Our policy notes:Family Building Society will not consider a Buy to Let application with multiple tenancies
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we can potentially consider applications from borrowers that wish to Let the property to a tenant who is benefiting from a protected tenancy.
Our policy notes:Family Building Society will not consider applications where the tenant enjoys a 'Protected Tenancy'.
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we can potentially accept Buy to Let applications on properties that are considered 'Serviced Properties'. These are typically furnished properties that are Let on a short term basis and the rent covers all amenities including the rent.
Our policy notes:Family Building Society will not consider applications where the property will be Let as a 'Serviced Property'.
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we can potentially consider applications from borrowers that wish to Let the property to students
Our policy notes:Family Building Society does not allow applicants to Let their Buy to Let property to Students.
Last updated:22 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially consider Buy to Let applications where the tenant will be (or is) a third party who pays a rent to the applicant and acts as the primary tenant but Sub-Lets the property. This is sometimes referred to as 'Rent to Rent'.
Our policy notes:Family Building Society will not consider applications where the property will be Let to a third party who will in turn Sublet the property.
Last updated:07 November 2019
No
Criteria definition:Indicates if we can potentially offer Buy to Let mortgages on a transitional arrangement as defined by the FCA under MCOB 11.8
Our policy notes:Family Building Society does not offer Buy to Let mortgages on a transitional arrangement basis.
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