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.
No Maximum
Criteria definition:Indicates if we have a maximum exposure limit a borrower can have with us or within our group.
Our policy notes:The Society has no maximum.
31 May 2018
3
Criteria definition:Indicates if we have a maximum number of mortgages a borrower can have with us or within our group.
Our policy notes:We will normally limit a borrower to no more than three BTL mortgages with the Society.
Once the Society has experience of a borrower we may permit them to have more than three BTLs with the Society
Last updated:31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially offer a remortgage and use the uplifted value of the property following recent works of improvement. For example, Jon purchases a property for £150,000 and spend a couple of months doing the place up following which the property is now worth £250,000. Jon now wants to find a lender who will allow him to raise capital based on the newly enhanced value.
Our policy notes:Family Building Society will not use the uplifted value in this situation.
Last updated:31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially consider Buy to Let lending on properties located in the Channel Islands.
Our policy notes:We cannot accept applications for mortgages in Guernsey.
29 November 2018
Acceptable
Criteria definition:Indicates if we can potentially consider Buy to Let lending on properties located in England.
Our policy notes:We do lend in England
31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially consider lending on properties located on the Isle of Man.
Our policy notes:Family Building Society does not lend on properties on the Isle of Man.
Last updated:31 May 2018
Acceptable
Criteria definition:Indicates if we can potentially consider lending on properties located on the Isle of Wight
Our policy notes:We do lend on the Isle of Wight.
31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially consider lending on properties located in Northern Ireland.
Our policy notes:Family Building Society does not lend on properties in Northern Ireland.
Last updated:31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially consider lending on properties located in the Scilly Isles.
Our policy notes:Family Building Society does not lend on properties in the Scilly Isles.
Last updated:31 May 2018
Not Acceptable
Criteria definition:Indicates if we can potentially consider lending on properties located in Scotland.
Our policy notes:Family Building Society does not lend on properties in Scotland.
Last updated:31 May 2018
Acceptable
Criteria definition:Indicates if we can potentially consider lending on properties located in Wales.
Our policy notes:We do lend in Wales.
31 May 2018
Acceptable
Criteria definition:Indicates if we can potentially accept applications to remortgage onto a buy to let basis when the current mortgage is residential.
Our policy notes:We can accept applications for a remortgage onto a buy to let basis subject to our normal BTL criteria.
31 May 2018
Not Acceptable
Criteria definition:Indicates if we will allow an applicant to remortgage their current residential property onto a Buy to Let mortgage and then move in with family as opposed to purchasing a new main residence.
Our policy notes:Family Building Society is unable to consider a Buy to Let remortgage application where the property is currently the applicant's main residence but will now be let and the applicant will be moving in with family
Last updated:03 August 2022
Not Acceptable
Criteria definition:Indicates if we will allow an applicant to remortgage their current residential property onto a Buy to Let mortgage and then move into rented accomodation as opposed to purchasing a new main residence.
Our policy notes:Family Building Society will not consider Buy to Let remortgage applications where the property is currently the applicants main residence but will now be Let and the applicant will be moving into separate rented accomodation
Last updated:07 November 2019
Directors & Shareholders
Criteria definition:Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Special Purpose Vehicle Ltd Companies.
Our policy notes:Family Building Society considers both 'Directors AND Shareholders' as applicants when assessing applications from SPV Limited Companies.
Last updated:19 July 2019
4
Criteria definition:Indicates the maximum number of applicants we can consider when lending to Special Purpose Vehicle Limited Companies.
Our policy notes:Family Building Society can consider Buy to Let applications from SPVs with a maximum number of applicants of four.
Last updated:31 May 2018
No Minimum
Criteria definition:Indicates if there is a minimum trading period for 'Special Purpose Vehicle Limited Companies' and if so how long IN MONTHS this is.
Our policy notes:The Society will only lend to newly created limited company SPVs.
22 May 2018
No
Criteria definition:Indicates if we require shareholders in a 'Special Purpose Vehicle' Limited Company to provide personal guarantees as well as the 'Directors'.
Our policy notes:Family Building Society does NOT require shareholders that are not directors to provide personal guarantees on SPV Ltd Company applications in addition to the Directors of the company.
Last updated:27 November 2025
Does not lend to Trading Ltd Companies
Criteria definition:Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Trading Ltd Companies.
Our policy notes:Family Building Society does not accept Ltd Company Buy to Let applications
Last updated:22 May 2018
Does not lend to Trading Ltd Companies
Criteria definition:Indicates the maximum number of applicants we can consider when lending to Trading Limited Companies
Our policy notes:The Society does not lend to trading limited companies.
22 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