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 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
No
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
23 May 2017
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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