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
Remortgage purpose: Balance Swap (maximum LTV)

Our standard acceptability

80

Criteria definition:

Indicates the maximum loan to value (LTV) we can accept where the remortgage purpose is a simple balance swap (no additional monies being raised).

Our policy notes:

We can consider up to 80% LTV for remortgages.

Last updated:

03 July 2017

Remortgage purpose: Buy out (maximum LTV)

Our standard acceptability

80

Criteria definition:

Indicates the maximum loan to value (LTV) we can accept where the remortgage purpose is to raise funds to buy out a partner or other borrower.

Our policy notes:

We can consider remortgage applications to buy out an existing partner up to 80% LTV

Last updated:

06 June 2025

Remortgage purpose: Buy to Let Purchase (maximum LTV)

Our standard acceptability

80

Criteria definition:

Indicates the maximum loan to value (LTV) we will accept when the reason for capital raising is to raise funds to fund or part-fund a buy to let purchase.

Our policy notes:

We will permit lending up to 80% LTV for a remortgage to purchase a buy to let.

Last updated:

03 July 2017

Remortgage Purpose: Buy to Let to Residential

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially allow a residential remortgage application for owner occupation where the existing mortgage is on a Buy to Let basis.

Our policy notes:

Family Building Society can potentially consider remortgage residential applications for owner occupation on properties where the existing mortgage is a Buy to Let.

Last updated:

07 November 2018

Remortgage purpose: Capital raise for BTL where property not yet found

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider remortgage applications with capital raising for a BTL property where the property has not yet been found. Essentially they want to put themselves in the position of a cash buyer with the funds accessible ready for when they find their property.

Our policy notes:

Family Building Society can consider remortgage applications with capital raising for a BTL property where a property is not yet found

Last updated:

11 September 2020

Remortgage purpose: Debt Consolidation (maximum LTV)

Our standard acceptability

80

Criteria definition:

Indicates the maximum loan to value (LTV) we will accept where there is an element of debt consolidation on a remortgage application. For example, Trevor owns a property that is worth £200,000 and has a current outstanding balance of £140,000. He would like to consolidate an unsecured loan which has an outstanding balance of £10,000 and therefore needs a total loan of £150,000 giving him a LTV of 75%. 

Our policy notes:

We will consider remortgages for debt consolidation up to 80% LTV providing the amount being raised does not exceed 49% of the total mortgage advance and 20% of the property value. In addition we will not normally permit more than five items of credit to be consolidated.

Last updated:

03 July 2017

Remortgage purpose: Extending a lease

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is extending a lease

Our policy notes:

Family Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is extending a lease

Last updated:

11 September 2020

Remortgage Purpose: For Business Purposes

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider lending when the reason for capital raising is considered for 'Business Related Purposes'.

Our policy notes:

Family Building Society can potentially allow capital raising on a remortgage where the purpose of the funds is for business purposes.

Last updated:

10 May 2018

Remortgage purpose: Gift Money (Maximum LTV)

Our standard acceptability

80

Criteria definition:

Indicates if we are able, and if so to what loan to value, accept remortgages where the purpose is to raise money to make a gift (for example to children to help with school fees etc or where parent(s) might want to help their children buy their first home).

Our policy notes:

We will permit capital raising to gift funds to a close family member to assist with a property purchase to 80%. We will require a certificate of understanding to be signed after offer and before completion.

Last updated:

03 July 2017

Remortgage purpose: Home Improvements (maximum LTV)

Our standard acceptability

80

Criteria definition:

Indicates if we are able to and if so to what loan to value, accept remortgages where the purpose is to raise money for home improvements.

Our policy notes:

We will accept remortgages to raise funds for home improvements up to 80%.

Last updated:

03 July 2017

Remortgage Purpose: Home Improvements (other property)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we will allow capital raising for the purpose of home improvements on a property which is NOT the security property on residential applications.

Our policy notes:

Family Building Society can consider remortgage applications with capital raising to carry home improvements on a property other than the security property.

Last updated:

25 September 2019

Remortgage purpose: Land Purchase (maximum LTV)

Our standard acceptability

80

Criteria definition:

Indicates if we will allow capital raising for the purpose to purchase land and if so up to what loan to value for residential applications.

Our policy notes:

Family Building Society can consider remortgage applications with capital raising for 'Land Purchase' up to a maximum LTV of 80%.

Last updated:

26 November 2019

Remortgage purpose: Lifestyle (holidays, car's, non essential spending etc)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is lifestyle (holidays, car's, non essential spending etc)

Our policy notes:

Family Building Society will not consider capital raising on a remortgage where the purpose of the funds is lifestyle (holidays, car's, non essential spending etc)

Last updated:

11 September 2020

Remortgage purpose: Medical expenses

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is medical expenses

Our policy notes:

Family Building Society will not consider capital raising on a remortgage where the purpose of the funds is medical expenses

Last updated:

11 September 2020

Remortgage Purpose: Pay Tax Bill

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider lending when the reason for capital raising is to raise funds to pay a tax bill.

Our policy notes:

Family Building Society does not allow capital raising on a remortgage where the purpose of the funds is for payment of a tax bill.

Last updated:

10 May 2018

Remortgage purpose: Personal investments (not property related)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is personal investments

Our policy notes:

Family Building Society will not consider capital raising on a remortgage where the purpose of the funds is personal investments

Last updated:

11 September 2020

Remortgage Purpose: Purchase Commercial Property

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we will allow capital raising for the purpose of purchasing commercial property on residential applications.

Our policy notes:

Family Building Society can consider remortgage applications with capital raising to purchase a commercial property.

Last updated:

07 November 2019

Remortgage Purpose: Purchase Overseas Property

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we will allow capital raising for the purpose of purchasing overseas property on residential applications.

Our policy notes:

Family Building Society can consider remortgage applications with capital raising to purchase a property overseas.

Last updated:

07 November 2019

Remortgage Purpose: Repay Help to Buy

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we will allow capital raising for the purpose of repaying (IN FULL) their Help to Buy Equity Loan to take their ownership to 100% on residential applications.

Our policy notes:

Family Building Society can consider remortgage applications with capital raising to repay a Help to Buy equity loan in full.

Last updated:

07 November 2019

Remortgage purpose: School/Education fees

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is education or school fees

Our policy notes:

Family Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is education or school fees

Last updated:

11 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. 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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