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: Self-invested Personal Pension (SIPPs)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can consider income from a Self-invested Personal Pension (SIPPs)

Our policy notes:

Family Building Society can potentially accept income from a Self-invested Personal Pension (SIPPs)

Last updated:

15 January 2021

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

Properties with Occupancy Restrictions

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can consider lending on a property with occupancy restrictions

Our policy notes:

Family Building Society will not consider an application on a property with occupancy restrictions

Last updated:

11 January 2021

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

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 from pensions and investments to mortgages. 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

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