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.
Acceptable
Criteria definition:Indicates if we are potentially able to lend on ex-local authority houses/bungalows.
Our policy notes:These are acceptable.
17 July 2017
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.
17 July 2017
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.
03 July 2017
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.
03 July 2017
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.
03 July 2017
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
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.
20 April 2017
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
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
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
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.
20 April 2017
Acceptable
Criteria definition:Indicates if we can potentially lend on studio flats.
Our policy notes:14 May 2026
Not Acceptable
Criteria definition:Indicates the limit we can potentially accept where the property usage has an element of commercial use.
These are not acceptable.
17 July 2017
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.
17 July 2017
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
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
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.
20 February 2020
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.
03 July 2017
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.
11 July 2017
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.
11 July 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