Unauthorized Overdraft Charges

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender is able to potentially accept Buy to Let applications from applicants who have recently been charged for an unauthorised overdraft (either by exceeding their overdraft limit or by simply going overdrawn if they do not have an agreed overdraft limit). These unauthorised overdraft charges will likely appear on the clients recent bank statements.

Policy Notes:

Family Building Society does not accept applicants that have recently had unauthorized overdraft charges

Criteria categories:
  • Adverse
  • general

Last updated:

29 August 2018