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.
Not Acceptable
Criteria definition:Displays if we will accept Attendance Allowance as an acceptable source of income for affordability purposes.
Our policy notes:This source of income is not acceptable.
11 July 2017
Not Acceptable
Criteria definition:Displays if we will accept Carers Allowance as an acceptable source of income for affordability purposes.
Our policy notes:We do not accept this as a source of income.
29 April 2026
Not Acceptable
Criteria definition:Displays if we will accept Child Benefit as an acceptable source of income for affordability purposes.
Our policy notes:We do not accept this as a source of income.
29 April 2026
Not Acceptable
Criteria definition:Indicates if we accept child tax credits as an allowable income type for affordability purposes.
Our policy notes:We do not accept this as a source of income.
20 April 2017
Not Acceptable
Criteria definition:Displays if we will accept Constant Attendance Allowance as an acceptable source of income for affordability purposes.
Our policy notes:These are not acceptable.
29 April 2026
Not Acceptable
Criteria definition:Displays if we will accept Disability Living Allowance as an acceptable source of income for affordability purposes.
Our policy notes:We do not accept this as a source of income.
20 April 2017
Not Acceptable
Criteria definition:Displays if we will accept Employment and Support Allowance as an acceptable source of income for affordability purposes.
Our policy notes:This source of income is not acceptable.
17 July 2017
Not Acceptable
Criteria definition:Displays if we will accept Guardian Allowance as an acceptable source of income for affordability purposes.
Our policy notes:We will not accept this form of income.
03 July 2017
Not Acceptable
Criteria definition:Displays if we will accept Industrial Injuries Disablement Benefit as an acceptable source of income for affordability purposes.
Our policy notes:We would not wish to take this source of income.
03 July 2017
Not Acceptable
Criteria definition:Displays if we will accept Personal Independence Payment as an acceptable source of income for affordability purposes.
Our policy notes:We do not accept this as a source of income.
29 April 2026
Not Acceptable
Criteria definition:Displays if we will accept Universal Credit as an acceptable source of income for affordability purposes.
Our policy notes:Family Building Society does not accept universal credit as an acceptable income type.
Last updated:10 May 2018
Not Acceptable
Criteria definition:Indicates if we accept working tax credits as an allowable income type for affordability purposes.
Our policy notes:Unfortunately, this source of income is not acceptable.
08 May 2017
Not Offered
Criteria definition:Indicates if we can potentially consider applications on a Buy for University Scheme. Buy for uni allows students to borrow up to 100% to buy a property and rent out rooms to meet the mortgage interest payments. Parents support the arrangement by being a joint borrower on the mortgage and by providing additional security if necessary
Our policy notes:Family Building Society will not consider applications on a Buy for Uni Scheme
Last updated:11 September 2020
Yes
Criteria definition:Indicates if we can potentially extend a clients mortgage offer beyond the standard expiry.
Our policy notes:Documentation and the valuation may need to be updated if these items exceed six months old.
23 May 2017
Not Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have had any CCJs registered more than 12 months ago and less than 24 months ago. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had CCJs registered more than 12 months ago and less than 24 months ago.
Our outside policy allowances:We can consider one satisfied County Court Judgement, with a total value of up to £500, within the last three years. Subject to a suitable explanation for the circumstances around the CCJ being registered.
Last updated:09 September 2019
Not Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have had any CCJs registered more than 24 months ago and less than 36 months ago. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had CCJs registered more than 24 months ago and less than 36 months ago.
Our outside policy allowances:One satisfied CCJ for up to £500 can be considered subject to a satisfactory explanation.
Last updated:25 September 2019
Not Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have had any CCJs registered more than 3 months ago and less than 12 months ago. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had CCJs registered more than 3 months ago and less than 12 months ago.
Last updated:25 September 2019
Not Acceptable
Criteria definition:Indicates if we can potentially accept applicants that have had any CCJs registered in the past 3 months. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society will not consider applicants that have had CCJs registered in the past 3 months.
Last updated:09 September 2019
Potentially Ignored
Criteria definition:Indicates if we can potentially ignore CCJs that were registered more than 36 months ago. Other factors will also be taken into consideration such as, but by no means limited to, number of adverse, value and the overall credit profile of an applicant.
Our policy notes:Family Building Society can potentially ignore any CCJs that were registered over 36 months ago.
Last updated:09 September 2019
Acceptable
Criteria definition:Indicates if we accept concessionary purchase applications where the current owner is related to one of the applicants. For example, Mr Smith has agreed to sell a property he owns to his grandson (Joe) for £150,000. The property is worth £200,000. Joe wishes to purchase the property for £150,000 and would like a lender who will use the difference between the property value and the purchase price as a deposit (£50,000).
We can accept the equity being 'gifted' as the deposit for a family purchase. The family member who is the vendor must vacate the property and not retain a financial interest.
Last updated:03 July 2017
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