Maximum Number of Defaults (Satisfied)
Our standard acceptability
1
Criteria definition:
Indicates if we can consider Buy to Let applications from applicants with previously satisfied Defaults and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously satisfied Defaults in the past 6 years and Lender 'A' says the maximum number they will allow is 2 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total value and other adverse credit.
Policy Notes:
Family Building Society can consider applicants with up to 1 satisfied Defaults relating to a utility or communications supplier.
Criteria categories:- Adverse
- CCJs and Defaults
Last updated:
07 November 2025