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 larger variety of life stages and circumstances for your clients than many other lender. 

Browse criteria by A-Z below or search criteria by keyword to find what you need.

Take a look at what we have to offer
Owner Occupier Criteria
Gambling (recurring transactions)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider applicants with recurrent gambling transactions on residential applications

Our policy notes:

Family Building Society will not consider applicants that have recurring gambling transactions

Last updated:

11 September 2020

Guarantors

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we accept guarantor applications.

Our policy notes:

Normally the Society would require the Borrower’s income to be sufficient to service the proposed new mortgage advance on its own and the application will be required to pass the Society’s affordability test. The Society can however consider applications where a guarantors income is required to support the applicant (or even repay the mortgage) and in circumstances where the Guarantors income is required to service the loan in any way in addition to that of the Borrowers, full verification will be required and the case must pass the affordability test, taking into account any outgoings that the Guarantors may have. Our expectation is that the borrower would be in a position to take on the full mortgage repayments after approximately five years and we would expect them to be in an employment that is likely to lead to that growth in income.

Guarantors should be close family members. i.e. mother, father, brother, sister etc

Last updated:

20 April 2017

Guarantors: Reverse (younger applicant guarantor for older applicant)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider a reverse guarantor application. A reverse guarantor application is where the guarantor is younger than the applicant. This typically might occur when a son or daughter wishes to help their parents.

Our policy notes:

Family Building Society can potentially consider a reverse guarantor application although we process these under our Joint Mortgage Sole Owner (JMSO) policy.

Last updated:

11 September 2020

Guarantors: Where applicant significant income growth is not expected

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept a guarantor application where the applicant is not expecting significant income growth in the future

Our policy notes:

Family Building Society will only consider a guarantor application where significant income growth is expected

Last updated:

11 September 2020

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

Find Your Local

Business Development Manager

Your Local BDM:

Arif Kara

Arif was previously a mortgage adviser, and focuses on North and West London. Contact Arif for help with your clients' mortgages.
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Your Local BDM:

Michelle Parry-Bunter

Michelle has worked for the Society for over a decade and focuses on the South Coast. Contact Michelle for help with your clients' mortgages.
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Your Local BDM:

Nathan Waller

Nathan, previously a mortgage broker, focuses on Cambridgeshire, East Sussex, Essex, Suffolk, Hertfordshire, Bedfordshire, Lincolnshire, Norfolk and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:

Grace Bennett

Grace focuses around the West M25 area. Contact Grace for help with your clients' mortgages.
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Your Local BDM:

Darren Deacon

Darren has over 28 years' Financial Services experience and focuses on both the East & West Midlands as well as the Southwest. Contact Darren for help with your clients' mortgages.
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Your Local BDM:

Paul Roberts

Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire & North East. Contact Paul for help with your clients' mortgages.
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We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:

Opening hours: Mon - Fri: 8am - 5.30pm, Sat: 9am - noon

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