Premium lease agreements (tenancies where a proportion of the rent is paid upfront)
Our standard acceptability
Indicates if a lender can potentially consider applications where the applicants tenant will be paying their rent as an advance payment. For example often a tenant may not pass the initial checks carried out due to a number of reasons (failed credit check, lack of address history, etc) and as a solution to proceed a landlord might accept 6 months rent upfront as a compromise.
Family Building Society does not accept 'Premium Lease Agreements' where a prospective tenant is paying their rent as an advanced payment.Criteria categories:
29 August 2018