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.

Owner Occupier Criteria

Buy to Let Criteria

Self Employed: Recent change in status (sole trader to limited company, etc)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can consider the income from a self-employed applicant on a residential application where a change in self employed status has recently taken place. For example, where an applicant has been a sole trader for 8 years and has recently converted his business status to a Limited Company but has not been trading long enough as a Limited Company to have sufficient accounts. The applicant would need us to consider their income based upon their historic performance as a sole trader.

Our policy notes:

Family Building Society can potentially consider an application where a change in self employed status has recently taken place

Last updated:

11 September 2020

Check affordability Contact your BDM Illustration request

Self Employed: Sole Trader / Partnerships: Other allowable income

Our standard acceptability

Criteria definition:

This indicates if we are able to add back in any accounting deductions. For example for a sole trader, allowing spousal salary and/or use of home as an office to be added to the net profit figure.

Our policy notes:

We do not normally add back any deductions

Last updated:

23 May 2017

Check affordability Contact your BDM Illustration request

Self-Build: Additional borrowing considered during the build

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we will allow applicants to borrow additional funds during the build

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Affordability - Can applicants savings be used to cover monthly rental or mortgage payments?

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we will allow applicants savings to cover the monthly rental or mortgage payments during the build rather than included in affordability assessment

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Affordability - Dual affordability assessment required? (During and after build)

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we will complete an affordability assessment during and post build

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Affordability - Ongoing rent or mortgage payments included in affordability assessment?

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we will include existing monthly rental or mortgage payments into the affordability calculation

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

04 January 2021

Check affordability Contact your BDM Illustration request

Self-Build: All applicants are First time buyers

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we can potentially consider self build applications where all applicants are First Time Buyers.

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: applicants own savings required?

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we require the applicant's to contribute their own savings towards the build

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

21 March 2021

Check affordability Contact your BDM Illustration request

Self-Build: Back to Back (Remortgage waiting period)

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates the number of months we state a person must have owned the plot before it can be considered for a remortgage application.

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Build type - Barn conversion

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we can accept a self build application for a barn conversion

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Build type - Conversion (commercial to residential)

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we will accept an application for converting a commercial property to a residential dwelling

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Build type - Knock down and rebuild

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we can accept a self build application for a knock down & rebuild

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Build type - Renovation

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if a lender can accept a self-build application for a renovation project

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Build type - Unfinished/mid-build projects

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we can accept a self build application for unfinished/mid-build projects

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Building Regulations approval required prior to completion

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we require building regulations approval to be in place prior to completion of a self-build application

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

21 March 2021

Check affordability Contact your BDM Illustration request

Self-Build: Can use own Conveyancer?

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates in an applicant can use use their own conveyancer on a self build application

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Concessionary Land Purchase

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we can accept a concessionary land purchase for self-build applications.

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Contiguous land owned by the applicant

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we will accept a self build application where the surrounding or adjoining land is owned by the applicant

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Contiguous land owned by their family

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we will accept a self build application where the surrounding or adjoining land is owned by the applicants family

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

28 February 2020

Check affordability Contact your BDM Illustration request

Self-Build: Custom build schemes

Our standard acceptability

We do not currently offer Self Build mortgages

Criteria definition:

Indicates if we will accept custom build applications. Custom build homes are self-build properties that are offered in a customised way by a builder / developer . These offer buyers the opportunity to self-build in a more hands off approach to what they would potentially experience when managing the whole process themselves.

Our policy notes:

Family Building Society does not currently offer self-build mortgages.

Last updated:

02 March 2020

Check affordability Contact your BDM Illustration request

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:

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