Criteria A-Z

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

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

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

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can potentially lend on a property where it borders Sui Generis commercial premises.

Our policy notes:

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

Last updated:

07 November 2018

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

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

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

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

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

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 with lending up to 50% LTV.

Last updated:

28 January 2021

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

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

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

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

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

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

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

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

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

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