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
Partner in a professional LLP: Affordability Assessment

Our standard acceptability

Accounts / SA302

Criteria definition:

Indicates how a partner, in a professional Limited Liability Partnerships income, will be assessed.

Our policy notes:

Family Building Society will assess partners in professional partnership LLPS the same as we assess Self-Employed applicants when assessing income.

Last updated:

06 November 2018

Partner in a professional LLP: Minimum Length of Time Requirement (Months)

Our standard acceptability

24

Criteria definition:

Indicates the minimum length of time (IN MONTHS) a person must have been in the Limited Liability Partnership (LLP) for their income to be considered by us.

Our policy notes:

Family Building Society has a minimum length of time in the partnership of 24 months.

Our outside policy allowances:

It is possible that we would consider a far shorter period than two years where a partner has bought into an existing professional partnership (such as doctors, dentists, solicitors, accountants etc).

Last updated:

06 November 2018

Pension Income: Annuity

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can accept an annuity as an acceptable source of income for affordability purposes.

Our policy notes:

We will accept income from annuities as long as they are for life.

Last updated:

03 July 2017

Pension Income: Pension - War Disablement

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can accept Pension - War Disablement as an acceptable source of income for affordability purposes.

Our policy notes:

This is acceptable.

Last updated:

17 July 2017

Pension Income: Pension - War Widower

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can accept Pension - War Widower as an acceptable source of income for affordability purposes.

Our policy notes:

This is acceptable.

Last updated:

17 July 2017

Pension Income: Pension (Company)

Our standard acceptability

Acceptable

Criteria definition:

Displays if we will accept Company Pension as an acceptable source of income for affordability purposes.

Our policy notes:

Family Building Society can potentially consider Company Pension as an acceptable source of income for affordability purposes.

Last updated:

16 September 2020

Pension Income: Pension Credit

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can accept Pension Credit as an acceptable source of income for affordability purposes.

Our policy notes:

We do not accept benefits as a source of income.

Last updated:

17 July 2017

Pension Income: Private Pension

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can accept Private Pension as an acceptable source of income for affordability purposes.

Our policy notes:

We will accept income from a private pension.

Last updated:

03 July 2017

Pension Income: Self Administered Drawdown Pension

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can consider income from a self-administered drawdown pension.

Our policy notes:

Family Building Society can potentially consider self administered drawdown pension income.

The Society's usual stance is to take the SIPP/SASS fund and divide it by the term of the mortgage.

Last updated:

06 November 2018

Pension Income: State Pension

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can accept State Pension as an acceptable source of income for affordability purposes.

Our policy notes:

We accept 100% of this source of income.

Last updated:

20 April 2017

Politically exposed persons

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept residential applications from an applicant that is considered a politically exposed person.

Our policy notes:

Family Building Society can potentially consider an applicant that is classed as a politically exposed person.

Last updated:

07 November 2019

Portable mortgages as standard

Our standard acceptability

Yes

Criteria definition:

Indicates if our mortgages are usually portable as standard.

Our policy notes:

Our products are portable.

Last updated:

23 May 2017

Power of Attorneys

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates we can potentially accept residential applications from an applicant that is acting with Power of Attorney.

Our policy notes:

Family Building Society will not consider an applicant from someone acting as a power of attorney.

Last updated:

09 September 2019

Previously Repossessed (years ago acceptable)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can accept applicants that have previously had a property repossessed and if so how many years ago we require the repossession to have taken place.

Our policy notes:

Unfortunately, we are unable to lend to any borrower who has been previously repossessed.

Last updated:

23 October 2017

Professional gambler

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider an application from a professional gambler on residential applications

Our policy notes:

Family Building Society will not consider an application from a professional gambler

Last updated:

11 September 2020

Professional Landlord (Rent is primary source of income)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept professional landlords where their primary income source is from the rent from their portfolio. For example, Jess wants to obtain a mortgage and her only source of income (or her main source of income) is derived from the rent she receives from her portfolio of rental properties.

Our policy notes:

Family Building Society can potentially accept professional landlords who wish to use rental income as their primary income source

Last updated:

23 October 2017

Properties with Asbestos

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where there is evidence of asbestos present.

Our policy notes:

Family Building Society does NOT lend on properties where Asbestos is identified.

Last updated:

23 October 2017

Property being purchased at auction

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider an application where the property will be purchased at auction

Our policy notes:

Family Building Society can consider an application where the property will be purchased at auction

Last updated:

16 September 2020

Property Construction: 100% Timber Construction

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are able to potentially accept 100% timber construction properties - this is NOT the same as timber-framed.

Our policy notes:

These are not acceptable.

Last updated:

17 July 2017

Property Construction: BOPAS accreditation required for non-standard construction

Our standard acceptability

No

Criteria definition:

Indicates if BOPAS accreditation is required for non-standard construction where the non-standard construction type is acceptable to us

Our policy notes:

Family Building Society does not require BOPAS accreditation for non-standard construction where the construction type is acceptable to us

Last updated:

16 September 2020

Property Construction: British Iron and Steel Federation (BISF)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider properties where the construction type is British Iron and Steel Federation (BISF)

Our policy notes:

Family Building Society will not lend on properties where the construction type is British Iron and Steel Federation (BISF)

Last updated:

11 September 2020

Property Construction: Concrete construction

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we are able to potentially accept concrete construction properties.

Our policy notes:

Prefabricated or large panel concrete construction (LPS) are not acceptable. Pre-fabricated reinforced concrete construction (PRC) May be considered if the property has been repaired by PRC Homes with a brick external skin and has the benefit of a 60 year guarantee, and the Valuer confirms property is readily saleable. NB. If the property is either semi-detached or terraced, all properties in the row must have been repaired. Concrete block construction designated Mundic are not acceptable.

Last updated:

17 July 2017

Property Construction: Converted church

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider an application on a converted church

Our policy notes:

Family Building Society can potentially consider an application on a converted church

Last updated:

16 September 2020

Property Construction: Dutch barns

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider Dutch Barn properties

Our policy notes:

Family Building Society can potentially lend on a Dutch Barn property

Last updated:

16 September 2020

Property Construction: Easiform

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we are able to potentially accept Easiform construction properties.

Our policy notes:

Laing Easi-Form construction (providing in good condition) is acceptable.

Last updated:

17 July 2017

Property Construction: EWS1 required on properties with combustible cladding or materials on balconies?

Our standard acceptability

Property Type not acceptable

Criteria definition:

Indicates if we require an EWS1 certificate for properties with combustible cladding or materials on balconies

Our policy notes:

Family Building Society will not lend on properties with combustible cladding or materials on balconies.

Last updated:

16 September 2020

Property Construction: Flying Freehold

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept properties where there exists a flying freehold.

Our policy notes:

Flying freeholds are acceptable providing they don't exceed more than 20% of the floor area and the valuer confirming that the presence of the flying freehold will not adversely affect saleability, and the Solicitor confirming that the Title Deeds contain adequate rights of shelter and support plus arrangements for maintenance and repair.

Last updated:

17 July 2017

Property Construction: Insulating concrete form (ICF)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider properties where the construction type is Insulating concrete form (ICF)

Our policy notes:

Family Building Society will not lend on properties where the construction type is Insulating concrete form (ICF)

Last updated:

16 September 2020

Property Construction: Majority Flat Roof

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are potentially able to accept applications on properties that have majority flat roof. We classify 'majority' as anything over 50%.

Our policy notes:

These are not acceptable.

Last updated:

17 July 2017

Property Construction: Modern method of construction (MMC)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept applications on properties where the construction type is Modern method of construction (MMC).

Our policy notes:

Not normally accepted but considered on a case by case basis. These need to be referred to an underwriter to be assessed on a case by case basis.

Our outside policy allowances:

Please refer cases of good loan to value for consideration as an exception.

Last updated:

03 October 2017

Property Construction: Modular and POD Construction

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending on a property where the construction type is 'Modular' or 'POD'.

Our policy notes:

Family Building Society does not lend on properties where the construction type is modular and POD construction.

Last updated:

10 May 2018

Property Construction: Mundic block

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept applications on properties where the construction type is Mundic block.

Our policy notes:

Our general stance is we won't lend on properties where the construction, or part of the construction, is from Mundic block.

Our outside policy allowances:

Please refer for individual consideration with the address of the property and any existing reports that may assist the underwriter in making a decision.

Last updated:

20 April 2017

Property Construction: No-Fines

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept applications on properties where the construction type is No-Fines.

Our policy notes:

Wimpey No Fines construction (providing in good condition) is acceptable.

Last updated:

17 July 2017

Property Construction: Non repaired prefabricated reinforced concrete

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept NON repaired prefabricated reinforced concrete as suitable security for lending purposes.

Our policy notes:

These are not acceptable.

Last updated:

17 July 2017

Property Construction: Off site manufactured (MMC)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider properties where the construction type is Off site manufactured (MMC)

Our policy notes:

Family Building Society will not lend on properties where the construction type is Off site manufactured (MMC)

Last updated:

16 September 2020

Property Construction: Potton Homes

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider Potton Home properties

Our policy notes:

Family Building Society can potentially lend on a Potton Home property subject to the necessary builder's guarantees.

Last updated:

11 September 2020

Property Construction: Repaired prefabricated reinforced concrete

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept repaired prefabricated reinforced concrete as suitable security for lending purposes.

Our policy notes:

Pre-fabricated reinforced concrete construction (PRC) May be considered if the property has been repaired by PRC Homes with a brick external skin and has the benefit of a 60 year guarantee, and the Valuer confirms property is readily saleable. NB. If the property is either semi-detached or terraced, all properties in the row must have been repaired.

Last updated:

17 July 2017

Property Construction: Single skin

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider single skin properties

Our policy notes:

Family Building Society will not lend on single skin properties

Last updated:

11 September 2020

Property Construction: Steel framed

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept steel framed properties as suitable lending security.

Our policy notes:

These are not acceptable.

Last updated:

17 July 2017

Property Construction: Structural Insulated Panel Solutions (SIPs)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider properties where the construction type is Structural Insulated Panel Solutions (SIPs)

Our policy notes:

Family Building Society will not lend on properties where the construction type is Structural Insulated Panel Solutions (SIPs)

Last updated:

11 September 2020

Property Construction: Thatched roof

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept properties that have any element of a thatched roof.

Our policy notes:

These are acceptable.

Last updated:

17 July 2017

Property Construction: Timber framed

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept timber framed properties.

Our policy notes:

These are acceptable.

Last updated:

17 July 2017

Property Construction: Timber framed (1900 to 1970)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property that is of Timber-Framed construction built between 1900 to 1970 for residential applications.

Our policy notes:

Family Building Society will not lend on properties that are a timber frame construction dating between 1900 to 1970.

Our outside policy allowances:

Usually not acceptable but can be referred and will be subject to valuer's comments.

Last updated:

09 September 2019

Property Construction: Timber framed (Post 1970)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a property that is of Timber-Framed construction built after 1970 for residential applications.

Our policy notes:

Family Building Society can potentially consider lending on properties that are a timber frame construction dated post 1970.

Last updated:

09 September 2019

Property Construction: Timber framed (Pre 1900)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a property that is of Timber-Framed construction built prior to 1900 for residential applications.

Our policy notes:

Family Building Society can potentially consider lending on properties that are a timber frame construction dating pre 1900.

Last updated:

09 September 2019

Property Construction: Tower Block with Cladding

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending on a property in a tower block with cladding

Our policy notes:

Family Building Society will not lend on a tower block of flats that have cladding. Tower blocks are defined as blocks of flats over five stories.

Last updated:

16 September 2020

Property Construction: Wholly Timbered

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider wholly timbered property

Our policy notes:

Family Building Society will not lend on a wholly timbered property

Last updated:

16 September 2020

Property Construction: Woolaway

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider a woolaway property

Our policy notes:

Family Building Society will not lend on a woolaway property

Our outside policy allowances:

These are declared defective under the Defective Housing Act and the Society can only consider those that have been adapted and have a PRC certificate.

Last updated:

11 September 2020

Property Factors: Contaminated Land

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on properties that are on contaminated land.

Our policy notes:

Family Building Society will not consider properties that are situated on contaminated land.

Last updated:

06 November 2018

Property Factors: Mine Shafts

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a property that is close to a mine shaft for residential applications.

Our policy notes:

Family Building Society can potentially consider lending on properties that are close to a mine shaft.

Last updated:

25 September 2019

Property Factors: Next to Commercial (Class A1 – shops and retail outlets)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where it borders Class A1 commercial premises. Class A1 businesses are shops and retail.

Our policy notes:

Family Building Society can potentially lend on properties that border class A1 commercial premises.

Last updated:

07 November 2018

Property Factors: Next to Commercial (Class A2 – professional services)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where it borders Class A2 commercial premises. Class A2 businesses are professional services.

Our policy notes:

Family Building Society can potentially lend on properties that border class A2 commercial premises.

Last updated:

07 November 2018

Property Factors: Next to Commercial (Class A3 – food and drink)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where it borders Class A3 commercial premises. Class A3 businesses are for food and drink.

Our policy notes:

Family Building Society will not lend on properties that border class A3 commercial premises.

Last updated:

07 November 2018

Property Factors: Next to Commercial (Class A4 – drinking establishments)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where it borders Class A4 commercial premises. Class A4 businesses are drinking establishments.

Our policy notes:

Family Building Society will not lend on properties that border class A4 commercial premises.

Last updated:

07 November 2018

Property Factors: Next to Commercial (Class A5 – hot food and takeaway)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where it borders Class A5 commercial premises. Class A5 businesses are hot food and takeaway.

Our policy notes:

Family Building Society will not lend on properties that border class A5 commercial premises.

Last updated:

07 November 2018

Property Factors: Next to Commercial (Class B)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where it borders Class B commercial premises. Class B businesses are considered further business and industrial activities.

Our policy notes:

Family Building Society can potentially lend on properties that border class B commercial premises.

Last updated:

07 November 2018

Property Factors: Next to Commercial (Class C)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where it borders Class C commercial premises. Class C businesses are considered hotels, hostels and dwelling houses.

Our policy notes:

Family Building Society will not lend on properties that border class C commercial premises.

Last updated:

07 November 2018

Property Factors: Next to Commercial (Class D)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where it borders Class D commercial premises. Class D businesses are considered non-residential institutions. Examples are museums, day nurseries, libraries.

Our policy notes:

Family Building Society can potentially lend on properties that border class D commercial premises.

Last updated:

07 November 2018

Property Factors: Next to Commercial (Sui Generis)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on a property where it borders 'Sui Generis' commercial premises. Certain uses do not fall within any use class and are considered 'sui generis' (Lit. Unique / of its own kind). Such uses include: theatres, houses in multiple occupation, hostels providing no significant element of care, scrap yards. Petrol filling stations and shops selling and/or displaying motor vehicles. Retail warehouse clubs, nightclubs, launderettes, taxi businesses, amusement centres and casinos.

Our policy notes:

Family Building Society will not lend on properties that border class 'Sui Generis' commercial premises.

Last updated:

07 November 2018

Property Factors: Overhead Power Lines

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on properties that have overhead power lines running above them.

Our policy notes:

Family Building Society will not lend on properties that have overhead power lines running above them.

Last updated:

06 November 2018

Property Factors: Part Renovated (Is Habitable)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on properties that are 'part renovated' but are in fact considered habitable by a surveyor.

Our policy notes:

Family Building Society can potentially lend on properties that have been part renovated that are likely to be considered habitable by a surveyor. Subject to valuers comments.

Last updated:

07 November 2018

Property Factors: Part Renovated (Not Habitable)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on properties that are 'part renovated' and considered non-habitable by a surveyor.

Our policy notes:

Family Building Society will not lend on properties that have been part renovated that are likely to be considered NOT habitable by a surveyor.

Last updated:

07 November 2018

Property Factors: Underpinned within last 10 years

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on properties that have been underpinned in the last 10 years.

Our policy notes:

Family Building Society can potentially lend on properties that have been underpinned in the last 10 years.

Last updated:

07 November 2018

Property has self contained annex

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept applications on properties that contain a self-contained annex within the grounds of the property.

Our policy notes:

Properties with annexes are outside of policy.

Our outside policy allowances:

Properties with annexes can be considered but these will need to be referred to an underwriter prior to submission of an application.

Last updated:

20 April 2017

Property Issues: Overage Clause

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider a property with an Overage Clause

Our policy notes:

Family Building Society can potentially consider a property with an Overage Clause

Last updated:

11 September 2020

Property Ownership: Possessory Title

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on residential applications for properties that only have possessory title.

Our policy notes:

Family Building Society can potentially consider lending on properties that are subject to a possessory title.

Last updated:

07 November 2019

Property Ownership: Shared access or shared services

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider a property with shared access or shared services

Our policy notes:

Family Building Society can potentially consider a property with shared access or shared services

Last updated:

16 September 2020

Property Ownership: Splitting of a title deed on completion

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider an application where the splitting of a title deed will take place on completion

Our policy notes:

Family Building Society can potentially consider an application where the splitting of a title deed will take place on completion

Last updated:

11 September 2020

Property Ownership: Tenancy in Common with Unequal Shares

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on residential applications on properties where the joint ownership is set up on a tenants in common basis where each owner has an unequal share. For example, Applicant 'A' owns 70% of the property and Applicant 'B' owns 30%.

Our policy notes:

Family Building Society will consider joint applications where the property ownership will be as tenancy in common with unequal shares.

Last updated:

07 November 2019

Property Ownership: Trust

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on residential applications for properties that are owned by a trust.

Our policy notes:

Family Building Society will not lend on properties that are owned by a trust.

Last updated:

09 September 2019

Property Type Studio Flat Minimum Floor Area (Sq Metres)

Our standard acceptability

We do not lend on studio flats

Criteria definition:

Indicates the area in square metres required when lending on studio flats.

Our policy notes:

Unfortunately, we do not lend on studio flats.

Last updated:

17 July 2017

Property Type: Basement flat

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on a basement flat

Our policy notes:

Family Building Society can potentially lend on a basement flat

Last updated:

16 September 2020

Property Type: Coach house

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider a coach house property

Our policy notes:

Family Building Society can potentially lend on coach houses

Last updated:

11 September 2020

Property Type: Commonhold Properties

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially lend on commonhold properties.

Our policy notes:

Family Building Society can potentially lend on commonhold properties.

Last updated:

10 May 2018

Property Type: Ex local auth flat/maisonette

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are potentially able to lend on ex-local authority flats/maisonettes.

Our policy notes:

We would not lend on this property type.

Last updated:

03 July 2017

Property Type: Ex local authority house/bungalow

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we are potentially able to lend on ex-local authority houses/bungalows.

Our policy notes:

These are acceptable.

Last updated:

17 July 2017

Property Type: Farmhouse (where farmhouse and land are contiguous)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are potentially able to lend on farmhouses where the farmhouse and land are contiguous.

Our policy notes:

These are not acceptable.

Last updated:

17 July 2017

Property Type: Flat above commercial food outlet

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are able to potentially accept flats above a commercial food outlet.

Our policy notes:

We would not accept this sort of property.

Last updated:

03 July 2017

Property Type: Flat above commercial offices

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept flats that are above commercial offices.

Our policy notes:

Prestige locations only. Properties should have separate title and access. Valuer to confirm the property is readily saleable.

Last updated:

03 July 2017

Property Type: Flat above commercial pub

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept flats that are above a pub.

Our policy notes:

We would not consider this type of property.

Last updated:

03 July 2017

Property Type: Flat above shop (not food outlet)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we are able to potentially accept flats above a shop that is NOT a food outlet.

Our policy notes:

Family Building Society can potentially lend on flats/apartments that are above a shop that is not a food outlet.

Last updated:

07 November 2018

Property Type: Freehold flats and maisonettes

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept a flat or maisonette where the tenure is freehold.

Our policy notes:

Freehold flats/maisonettes are not acceptable.

Last updated:

20 April 2017

Property Type: Grade 1 Listed Building

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending on property classified as a Grade 1 Listed Building. Categories of listed buildings in England & Wales: Grade I: buildings of exceptional interest. Grade II*: particularly important buildings of more than special interest. Grade II: buildings that are of special interest, warranting every effort to preserve them.

Our policy notes:

Family Building Society does not lend on properties that are classified as a Grade 1 Listed Building.

Last updated:

10 May 2018

Property Type: Grade 2 Listed Building

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider lending on property classified as a Grade 2 Listed Building. Categories of listed buildings in England & Wales: Grade I: buildings of exceptional interest. Grade II*: particularly important buildings of more than special interest. Grade II: buildings that are of special interest, warranting every effort to preserve them.

Our policy notes:

Family Building Society can potentially lend on properties that are classified as a Grade 2 Listed Building.

Last updated:

10 May 2018

Property Type: Grade 2* Listed Building

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider lending on property classified as a Grade 2* Listed Building. Categories of listed buildings in England & Wales: Grade I: buildings of exceptional interest. Grade II*: particularly important buildings of more than special interest. Grade II: buildings that are of special interest, warranting every effort to preserve them.

Our policy notes:

Family Building Society can potentially lend on properties that are classified as a Grade 2* Listed Building.

Last updated:

10 May 2018

Property Type: Mobile homes and houseboats

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are potentially able to lend on mobile homes and houseboats.

Our policy notes:

We do not lend on houseboats or mobile homes.

Last updated:

20 April 2017

Property Type: Studio flat

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on studio flats.

Our policy notes:

Studio flats are not normally acceptable.

Last updated:

20 April 2017

Property Usage: Acceptable commercial limit

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates the limit we can potentially accept where the property usage has an element of commercial use.

Our policy notes:

These are not acceptable.

Last updated:

17 July 2017

Property Usage: Agricultural restrictions

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept properties that have agricultural restrictions.

Our policy notes:

We would not lend on a property with an agricultural restriction.

Last updated:

17 July 2017

Property Usage: Bed and Breakfast (B&B)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on residential applications for properties that are part used as a B&B (Bed and Breakfast).

Our policy notes:

Family Building Society will not lend on residential properties that will continue to be used as a B&B.

Last updated:

09 September 2019

Property Usage: Empty Property (Unoccupied)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially lend on residential applications for properties that will be empty/unoccupied following completion.

Our policy notes:

Family Building Society will not lend on properties that will remain unoccupied after completion.

Last updated:

07 November 2019

Property Usage: Holiday/Second Home

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept applications on properties that are to be used as a second or holiday home.

Our policy notes:

We will lend on a second home or holiday home with occasional holiday letting to a maximum of 70% LTV.

Last updated:

20 February 2020

Property Usage: Holiday/Second Home maximum LTV

Our standard acceptability

70

Criteria definition:

If we lend on holiday/second homes, specifies what is the maximum loan to value we can lend when the property usage is second or holiday home.

Our policy notes:

We will lend on second homes or holiday homes.

Last updated:

03 July 2017

Property Usage: Home for dependant

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept applications on properties that are classed as a home for a dependant.

Our policy notes:

These are acceptable on normal terms.

Last updated:

11 July 2017

Property Usage: Home for dependant maximum LTV

Our standard acceptability

80

Criteria definition:

If we lend on homes for dependants, indicates the maximum loan to value (LTV) we can consider.

Our policy notes:

These are acceptable up to 80% LTV which is our normal maximum.

Last updated:

11 July 2017

Property Usage: Live/Work units

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept applications on properties defined as Live/Work units.

Our policy notes:

This type of property is not acceptable.

Last updated:

03 July 2017

Property Usage: Mixed Use Residential / Commercial

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are able to potentially lend on properties that are classified as mixed use for both residential occupation and commercial use.

Our policy notes:

Family Building Society will not lend on properties that have mixed use commercial/residential.

Last updated:

07 November 2018

Property with acreage

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are potentially able to accept properties that have a significant amount of land (properties that have acreage).

Our policy notes:

These are not acceptable unless the land is separated from the main house' title. Valuations are assessed on the house and immediate gardens.

Last updated:

17 July 2017

Property with Age Restrictions / Retirement Properties

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are able to potentially accept applications from applicants who are looking to purchase a property that has an age restriction. For example, Mr Jones is looking to purchase a retirement apartment that can only be occupied by people who are at least 55 years of age.

Our policy notes:

Properties with restrictive covenants of this type are not acceptable.

Last updated:

11 July 2017

Property with Annex where Annex will be Let

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending against a property that has an Annex and the Annex will be Let.

Our policy notes:

We do not accept properties where an annexe is let.

Last updated:

11 July 2017

Property with deck access

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept properties that have deck access.

Our policy notes:

We do not accept this property type.

Last updated:

03 July 2017

Property with more than one kitchen

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are able to potentially accept an application where the security property has more than one kitchen. This is not the same as a property split into two or more units or a House of Multiple Occupation (HMO).

Our policy notes:

Properties with more than one kitchen are not normally acceptable.

Our outside policy allowances:

Consideration can be given where a property has a 'granny' annexe. These must be referred prior to submission on an application. Please provide the property address and any sales particulars (where applicable) for an underwriter to give consideration.

Last updated:

20 April 2017

Property with Restrictive Covenant Section 106

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are able to potentially accept applications on properties that are subject to a Section 106 restrictive covenant.

Our policy notes:

Unfortunately, the Society does not lend on properties with a restrictive covenant.

Last updated:

31 August 2017

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

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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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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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