Purchase applications where existing tenants will remain in the property

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender is able to potentially accept situations where the property being purchased on a Buy to Let basis has an existing tenant whom wishes to remain in the property and therefor vacant possession on completion would not exist.

Policy Notes:

Family Building Society does not accept situations on purchase applications where there is a tenant in situ at the property where it is the intention to allow them to remain as the ongoing tenant.

Outside Notes:

Warning Notes:

Criteria categories :
  • Policy
  • tenancies
Criteria topics :

Last updated:

29 August 2018