Criteria A-Z

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

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

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

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

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

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

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

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