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 potentially accept applicants that have had any CCJs registered more than 12 months ago and less than 24 months ago on Buy to Let applications. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had CCJs registered more than 12 months ago and less than 24 months ago on Buy to Let applications.
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have had any CCJs registered more than 24 months ago and less than 36 months ago on Buy to Let applications. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had CCJs registered more than 24 months ago and less than 36 months ago on Buy to Let applications.
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have had any CCJs registered more than 3 months ago and less than 12 months ago on Buy to Let applications. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had CCJs registered more than 3 months ago and less than 12 months ago on Buy to Let applications.
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have had any CCJs registered in the past 3 months on Buy to Let applications.. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had CCJs registered in the past 3 months on Buy to Let applications.
Last updated:07 November 2019
Not Ignored
Criteria definition:Indicates if we can potentially ignore CCJs that were registered more than 36 months ago on Buy to Let applications. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not ignore any CCJs that were registered over 36 months ago on Buy to Let applications.
Last updated:07 November 2019
ICR based
Criteria definition:This relates to the potential rental calculation we will apply.
Our policy notes:Normal BTL ICR requirements apply.
Last updated:03 August 2023
Acceptable
Criteria definition:Indicates if we can lend when we consider the transaction to be a 'Consumer Buy to Let (CBTL)' and what our definition of a consumer buy to let is. A CBTL is often referred to as an accidental landlord.
Our policy notes:Family Building Society can potentially accept applicants classed as a 'Consumer Buy to Let (CBTL)'
Last updated:10 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially accept a situation whereby the purchaser is looking to buy a new build property from a third party (not the builder/developer). An example of this is whereby a third party has secured the property off plan and exchanged contracts but has not completed. They then sell the contract to a new purchaser. This is known as 'contract reassignment'. Sometimes this is for a premium of the original purchase price and sometimes it is without a premium.
Our policy notes:These are not acceptable.
31 May 2018
Yes
Criteria definition:Indicates if we use Equifax as a credit reference agency when assessing applications.
Our policy notes:We currently use Equifax for our credit search facility
31 May 2018
No
Criteria definition:Indicates if we use Experian as a credit reference agency when assessing Buy to Let applications.
Our policy notes:We currently don't use Experian for our credit search facility.
31 May 2018
no
Criteria definition:Indicates if we use Transunion (formerly Callcredit) as a credit reference agency when assessing applications.
Our policy notes:We currently don't use Callcredit for our credit search facility
31 January 2018
No
Criteria definition:Indicates if we use 'credit scoring' to assess a client(s) mortgage application usually at agreement in principle (AIP) stage.
Our policy notes:We don't credit score applications. Applications are assessed individually based on their own merit by underwriters.
31 May 2018
Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have a criminal record.
Our policy notes:Family Building Society can potentially accept applicants with criminal convictions.
Last updated:15 January 2021
Not Acceptable
Criteria definition:Indicates if we can potentially accept a Buy to Let application from an applicant who is currently in a debt management plan.
Our policy notes:We do not accept applications where there is an existing and unsatisfied debt management plan.
31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially accept a Buy to Let application from an applicant who has previously had a debt management plan that is now satisfied.
Our policy notes:We do not accept applications from applicants who have had a satisfied debt management plan.
We could consider applicants who have had a satisfied debt management plan where this was satisfied at least three years ago. Please refer the application for further consideration.
31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially accept a Buy to Let application from a borrower who is currently in a payday loan credit agreement
Our policy notes:We do not accept applications where any applicant has a payday loan.
31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially accept a Buy to Let application from a borrower who has had a payday loan in the past but is not currently in a payday loan credit agreement.
Our policy notes:We do not accept applications from applicants who have taken a payday loan.
09 May 2022
Acceptable
Criteria definition:Indicates if we can consider an applicant with a satisfied debt relief order
Our policy notes:Family Building Society can potentially consider an applicant with a satisfied debt relief order as long as it has been satisfied three years.
Last updated:15 January 2021
Not Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have had any Defaults registered more than 12 months ago and less than 24 months ago on Buy to Let applications. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had Defaults registered more than 12 months ago and less than 24 months ago on Buy to Let applications.
Last updated:07 November 2019
Not Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have had any Defaults registered more than 24 months ago and less than 36 months ago on Buy to Let applications. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had Defaults registered more than 24 months ago and less than 36 months ago on Buy to Let applications.
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