Criteria A-Z

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider a property with unadopted roads

Our policy notes:

Family Building Society can potentially consider a property with unadopted roads

Last updated:

11 September 2020

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we are able to potentially accept applicants who have recently been charged for an unauthorised overdraft (either by exceeding their overdraft limit or by simply going overdrawn if they do not have an agreed overdraft limit). These unauthorised overdraft charges will likely appear on the client's recent bank statements.

Our policy notes:

Family Building Society does not accept applicants that have recently had unauthorized overdraft charges

Last updated:

23 October 2017

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we are able to potentially accept applications where the transaction constitutes an undervalue transaction.

Our policy notes:

We accept purchases at an undervalue providing it is not a 'distressed sale'. We will ask the solicitors to provide the appropriate indemnity as part of the conveyancing.

Last updated:

03 July 2017