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
Maximum debt to income ratio

Our standard acceptability

100+

Criteria definition:

Indicates the maximum potential debt to income (DTI) ratio we might accept. For example, an applicant has outstanding unsecured debts of £26,000 and a salary of £40,000. Therefore their DTI is 65%. This criteria indicates if we have a maximum and if so what it is.

Our policy notes:

The Society does not have a maximum debt to income ratio.

Last updated:

12 November 2018

Maximum Ground Rent (as % of Property Value/Purchase Price)

Our standard acceptability

0.25

Criteria definition:

Indicates if we have a maximum threshold, and if so what it is, that the ground rent on a leasehold property cannot exceed measured against the property value. For example, Applicant 'A' is purchasing a leasehold flat valued at £100,000 that has a ground rent payable annually of £100. This ground rent equates to 0.1% of the property value. Lender 'A' has no maximum threshold on ground rents and therefor Applicant 'A' is able to proceed with a mortgage application on this property.

Our policy notes:

Family Building Society can potentially consider applications on leasehold properties so long as the ground rent is no more than 0.25% of the property value.

Last updated:

07 November 2019

Maximum Loan Size Retirement Interest Only (RIO)

Our standard acceptability

No Maximum

Criteria definition:

This criteria indicates if we offer Retirement Interest Only (RIO) mortgages and if so what our maximum loan size is for Retirement Interest Only (RIO) applications.

Our policy notes:

The Society's standard maximum loan amounts and LTVs apply.

Last updated:

03 March 2020

Maximum Loan to Value (LTV) for Interest Only mortgages

Our standard acceptability

80

Criteria definition:

Indicates if we can consider Interest Only lending on residential mortgages and if so up to what loan to value (LTV). Take care to check other factors such as:

  • Is there a minimum equity requirement?
  • Is their a minimum income requirement?
  • Is there a minimum property valuation?
  • Is the repayment vehicle acceptable to us?
  • Can any borrowing over the stated max LTV be taken on a repayment basis?

Our policy notes:

The Society will lend up to 80% LTV on an interest only basis with an acceptable repayment strategy.

Last updated:

17 March 2022

Maximum Loan to Value (LTV) for Retirement Interest Only (RIO): Purchases

Our standard acceptability

50

Criteria definition:

This criteria indicates if we offer Retirement Interest Only (RIO) mortgages and if so what is the maximum loan to value (LTV) for Retirement Interest Only (RIO) purchase applications.

Our policy notes:

The Society's maximum loan to value for RIO mortgages is 50% LTV.

Last updated:

03 March 2020

Maximum Loan to Value (LTV) for Retirement Interest Only (RIO): Remortgage Balance Swap

Our standard acceptability

50

Criteria definition:

This criteria indicates if we offer Retirement Interest Only (RIO) mortgages and if so what is the maximum loan to value (LTV) for Retirement Interest Only (RIO) remortgage applications where there is no element of capital raising and it is a simple balance swap.

Our policy notes:

The maximum LTV is 50%.

Last updated:

03 March 2020

Maximum Loan to Value (LTV) for Retirement Interest Only (RIO): Remortgage with Capital Raising

Our standard acceptability

50

Criteria definition:

This criteria indicates if we offer Retirement Interest Only (RIO) mortgages and if so what is the maximum loan to value (LTV) for Retirement Interest Only (RIO) remortgage applications where there is additional capital being raised.

Our policy notes:

The maximum LTV is 50%

Last updated:

03 March 2020

Maximum Mortgage Arrears in last 24 Months

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept residential applications from an applicant who has mortgage arrears in the past 2 years and if so what is the maximum number of missed payments in the past 2 years that can be accepted.

Our policy notes:

Family Building Society will not consider applicants with any mortgage arrears in the previous 24 months.

Last updated:

09 September 2019

Maximum number of applicants allowed

Our standard acceptability

4

Criteria definition:

Indicates the maximum number of applicants able to go on a mortgage application.

Our policy notes:

We can consider applications for up to four applicants.

Last updated:

20 April 2017

Maximum number of applicants income used for affordability

Our standard acceptability

4

Criteria definition:

Indicates how many applicants we can factor into the affordability calculation.

Our policy notes:

We will accept up to four applicants on a mortgage application and will consider incomes from all.

Last updated:

03 July 2017

Maximum Number of CCJs (Satisfied)

Our standard acceptability

3

Criteria definition:

Indicates if we can consider residential applications from applicants with previously satisfied CCJs and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously satisfied CCJs 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.

Our policy notes:

Family Building Society can consider applicants with up to three satisfied CCJs.

Last updated:

07 November 2019

Maximum Number of CCJs (Unsatisfied)

Our standard acceptability

0

Criteria definition:

Indicates if we can consider residential applications from with unsatisfied CCJs and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously unsatisfied CCJs 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.

Our policy notes:

Family Building Society will not consider applicants with unsatisfied CCJs.

Last updated:

29 September 2023

Maximum Number of Defaults (Satisfied)

Our standard acceptability

1

Criteria definition:

Indicates if we can consider residential 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.

Our policy notes:

Family Building Society can consider applicants with up to 1 satisfied Default that relate to a utility or communication supplier.

Last updated:

21 November 2019

Maximum Number of Defaults (Unsatisfied)

Our standard acceptability

0

Criteria definition:

Indicates if we can consider residential applications from with unsatisfied Defaults and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously unsatisfied 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.

Our policy notes:

Family Building Society will not consider applicants with unsatisfied Defaults.

Last updated:

23 March 2023

Maximum number of storeys considered for lending on ex local authority flats

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates the maximum number of stories we can consider when lending on ex-local authority high rise flats.

Our policy notes:

We do not lend on ex-local authority flats/maisonettes.

Last updated:

03 July 2017

Maximum number of storeys considered for lending on flats

Our standard acceptability

4

Criteria definition:

Indicates the maximum number of stories we can consider when lending on high rise flats.

Our policy notes:

The maximum number of floors we can consider is four stories although we can consider lending on flats in blocks with more floors but these should be referred individually before application submission.

Our outside policy allowances:

We can consider lending on properties five stories and above but these need to be referred.

Last updated:

06 November 2018

Maximum number of stories where no lift is present

Our standard acceptability

5

Criteria definition:

Indicates the maximum number of storeys we can consider when lending on flats when there is no lift access.

Our policy notes:

Family Building Society will only consider flats with no lift access up to five storeys

Last updated:

16 September 2020

Maximum Term (Years)

Our standard acceptability

40

Criteria definition:

Indicates the maximum term a mortgage can be taken over.

Our policy notes:

Our maximum term is 40 years. However, the actual maximum term is linked to the oldest applicant's age. Please refer to our website for more information.

Last updated:

03 May 2022

Maximum Term (Years): Retirement Interest Only (RIO)

Our standard acceptability

No Maximum

Criteria definition:

This criteria indicates if we offer Retirement Interest Only (RIO) mortgages and if so what is the maximum term for Retirement Interest Only (RIO) applications. Lenders do not have to set a fixed term for the mortgage and so the repayment date can be when the borrower dies or goes into care, as with Lifetime Mortgages.

Our policy notes:

Family Building Society does not have a maximum term. Please see our minimum and maximum age policy.

Last updated:

03 March 2020

Maximum Unsecured Arrears in last 24 Months

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept residential applications from an applicant who has unsecured arrears in the past 2 years and if so what is the maximum number of missed payments in the past 2 years that can be accepted.

Our policy notes:

Family Building Society will not consider applicants with any unsecured arrears in the previous 24 months.

Last updated:

09 September 2019

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:

Sam Morrison

Working out of our head office, as our phone-based BDM in Epsom, Sam has a wealth of knowledge regarding our processes and criteria and covers a variety of postcodes across the UK.
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Your Local BDM:

Neil Cadwallader

Neil has over 19 years experience in Financial Services. Neil focuses around South Wales and the West of England area. Contact Neil for help with your clients' mortgages.
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Your Local BDM:

Stuart Heavens

Stuart focuses on the South Coast area. Contact Stuart for help with your clients' mortgages.
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Your Local BDM:

Amar Mashru

Amar focuses on the Central London area. Contact Amar for help with your clients' mortgages.
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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:

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:

Gina England

Gina has a vast amount of experience with both simple and complex lending solutions. If you're in the East or West Midlands, please contact Gina 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 and the 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: Monday - Friday: 9am - 5.30pm. Saturday: Closed

We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.

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