Criteria A-Z

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we are able to potentially accept mileage allowance an applicant receives from his/her employer as part of the affordability assessment.

Our policy notes:

We may consider mileage allowance in our affordability assessment subject to underwriter discretion.

Last updated:

14 May 2026

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can accept overtime which is paid less frequently than monthly (for example quarterly) as an acceptable source of income for affordability purposes.

Our policy notes:

We are able to take 50% of regular overtime (as long as we can see it is a regular feature of the employment). There is flexibility to take more if the employment justifies it. Please refer cases where more than 50% is required.

If we can see consistently high levels of overtime are worked then we may look to take more than 50%. It is recommended that these cases are referred prior to submission and the last two year's P60s are provided in addition to the last three month's payslips.

Last updated:

08 May 2017

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can accept monthly or less overtime as an acceptable source of income for affordability purposes.

Our policy notes:

We are able to take 50% of regular overtime (as long as we can see it is a regular feature of the employment). There is flexibility to take more if the employment justifies it. Please refer cases where more than 50% is required.

If we can see consistently high levels of overtime are worked then we may look to take more than 50%. It is recommended that these cases are referred prior to submission and the last two year's P60s are provided in addition to the last three month's payslips.

Last updated:

08 May 2017

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can accept the client's full salary when they return to work after Parental/Maternity leave pay.

Our policy notes:

Acceptable subject to a check being made to ensure that the Applicant has statutory rights to return to work, and has a stated intention to do so. Confirmation will need to be obtained of the Applicant’s ability to service the mortgage repayments during the period of leave, e.g., what income will be received, or evidence of savings. Subject to the above proving satisfactory, income may be taken into consideration in the usual way.

Last updated:

11 July 2017

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can accept salary paid in cash as an allowable income type for affordability purposes. For example, Mr Jones works as a fruit picker on the local farm and is paid weekly in cash.

Our policy notes:

Although we expect most incomes to be paid into personal accounts we accept that some jobs may still receive cash in hand. As there is less of an audit trail we are more cautious when assessing this type of income.

Last updated:

08 May 2017

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can accept income from a second job as an acceptable source of income for affordability purposes.

Our policy notes:

50% of income from second job, providing the Applicant has been in the job for at least six months and is permanently employed.

Last updated:

17 July 2017

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can accept Shift Allowance as an acceptable source of income for affordability purposes.

Our policy notes:

Providing this is a regular source of income we will take up to 50%.

Last updated:

03 July 2017

Our standard acceptability:

Acceptable

Criteria definition:

Displays if we will accept Standby / Call Out as an acceptable source of income for affordability purposes.

Our policy notes:

Family Building Society can potentially consider Standby / Call Out as an acceptable source of income for affordability purposes.

Last updated:

16 September 2020

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can accept Supply Teacher income as an acceptable source of income for affordability purposes.

Our policy notes:

Family Building Society can potentially accept supply teacher income for affordability purposes.

Last updated:

10 May 2018

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can potentially consider tronc payments (Tips etc) as an allowable income type when assessing affordability on residential applications.

Our policy notes:

Family Building Society can potentially accept applicants that receive tronc payments (tips etc) when assessing affordability.

Last updated:

07 November 2019

Our standard acceptability:

Treated as Self Employed

Criteria definition:

Indicates how we assesses CIS contractor income which will either be on a self employed basis or based on the CIS vouchers

Our policy notes:

Family Building Society will treat as self employed when assessing affordability of a CIS contractor

Last updated:

11 September 2020

Our standard acceptability:

24

Criteria definition:

Indicates if we have a general 'minimum contracting experience requirement' threshold for contractors that must be met in order for their income to be considered.

Our policy notes:

Family Building Society has a minimum experience requirement for contractors of 24 months.

Last updated:

07 November 2018

Our standard acceptability:

30000

Criteria definition:

Indicates if we have a minimum income requirement for contractor applicants and if so what it is. 

Our policy notes:

Family Building Society has a minimum income requirement for contractors of £30,000.

Last updated:

30 October 2023

Our standard acceptability:

3

Criteria definition:

Indicates if we can consider an applicant on a contract and if so what is the minimum requirement (in MONTHS) that the applicant must have to remain on their current contract. 

Our policy notes:

Family Building Society can potentially consider an application from applicants with at least three months remaining on their current contract although please contact the Society to discuss your enquiry.

Last updated:

03 August 2023

Our standard acceptability:

48

Criteria definition:

Indicates how we assess contractor income which will either be on a self-employed basis or based on the contractor's day rate indicated by a weekly multiplier. For example 'Lender A' will calculate a contractor's income based on the weekly amount * 48 where '48' indicates the weekly multiplier and 'Lender B' will treat them as self-employed and income will be assessed in line with their self-employed policy. 

Our policy notes:

We can consider contractor workers who are self-employed (possibly via their own limited company) using a multiple of their weekly contract rate or simply taking their income via their accounts/SA302s.

Last updated:

23 October 2017

Our standard acceptability:

Not Acceptable

Criteria definition:

Indicates if we are able to potentially accept a situation whereby someone is employed but takes an unpaid break from employment for a period greater than what would constitute a holiday. For example, John works 9 months of the year in an office job but in June, July and August each year he takes 3 months off in order to pursue other things (for example a seasonal second job or charity work). After the break, he returns to his office job.

Our policy notes:

We normally only accept breaks that do not exceed two weeks.

Last updated:

14 May 2026

Our standard acceptability:

0

Criteria definition:

Specifies if there is a minimum number of months (if so how many) employed applicants must have been continuously employed for their income to be considered in affordability.

Our policy notes:

We have no minimum period of employment although we ask for three year's history. We would be concerned if we could see employment changing frequently within that period. We would normally expect any probationary period to have been completed before we consider a mortgage application.

Last updated:

23 May 2017

Our standard acceptability:

0

Criteria definition:

Specifies if there is a minimum length of time a person must have been in their current job and if so how many months. 

Our policy notes:

We have no minimum period in their current job although we would normally expect that they have completed any probationary period before an application was submitted.

Last updated:

23 May 2017

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can potentially use an applicants salary for a job they have yet to start when assessing affordability.

Our policy notes:

We would not normally consider an income from a wholly new job prior to starting the role. We may consider if the new job is in the same line of work or doing the same role at a new employer.

Last updated:

14 May 2026

Our standard acceptability:

Acceptable

Criteria definition:

Indicates if we can potentially accept an applicants salary who are set to get a pay rise in the near future. For example, Sally is currently earning a salary of £20,000 but this will be increasing to £22,000 in a couple of months. 

Our policy notes:

We can consider payrises providing they can be evidenced and are normally to occur within the next three months.

Last updated:

22 May 2017