Lending Criteria.

Indicates how a partner, in a professional Limited Liability Partnerships income, will be assessed.

We will assess partners in professional partnership LLPS the same as we assess Self-Employed applicants when assessing income.

Indicates the minimum length of time (IN MONTHS) a person must have been in the Limited Liability Partnership (LLP) for their income to be considered by us.

We require applicants to have at least 2 years accounts

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

We will accept 100% of annuity

Indicates if we can accept Pension – War Disablement as an acceptable source of income for affordability purposes.

We can accept 100% of this income

Indicates if we can accept Pension – War Widower as an acceptable source of income for affordability purposes.

We can accept 100% of this income

Displays if we will accept Company Pension as an acceptable source of income for affordability purposes.

We can accept 100% of this income

Indicates if we can accept Pension Credit as an acceptable source of income for affordability purposes.

We cannot accept this form of income

Indicates if we can accept Private Pension as an acceptable source of income for affordability purposes.

We can accept 100% of this income

Indicates if we can consider income from a self-administered drawdown pension.

We can consider self administered drawdown pension income.

Indicates if we can consider income from a Self-invested Personal Pension (SIPPs)

We can accept income from a Self-invested Personal Pension (SIPPs). For affordability, we will use 80% of the total fund value, which we then divide by the mortgage term. For investment portfolios we can use 75% of the income the portfolio generates.

Indicates if we can accept State Pension as an acceptable source of income for affordability purposes.

We can accept 100% of this income

Indicates if we can potentially accept residential applications from an applicant that is considered a politically exposed person.

We will not consider an applicant that is classed as a politically exposed person.

Indicates if our mortgages are usually portable as standard.

The majority of mortgages are portable as standard.

Indicates we can potentially accept residential applications from an applicant that is acting with Power of Attorney.

We can potentially consider an application from a customer with Lasting Power of Attorney. We are only comfortable with power of attorney who is simply looking to remortgage or is making a sound decision. We are not comfortable with a power of attorney converting a property into a BTL, or a power of attorney effectively purchasing a property that they have powers over into their own name. Please contact the Business Development Team to discuss further.

Indicates if we can accept applicants that have previously had a property repossessed and if so how many years ago we require the repossession to have taken place.

We can potentially consider applicants up to 75% LTV, as long as this was more than 3 years ago and if the lender that incurred a shortfall debt has been repaid in full by the applicant.

Indicates if we can potentially consider an application from a professional gambler on residential applications

We will not consider an application from a professional gambler

Indicates if we can potentially accept professional landlords where their primary income source is from the rent from their portfolio. For example, Jess wants to obtain a mortgage and her only source of income (or her main source of income) is derived from the rent she receives from her portfolio of rental properties.

We do not accept professional landlords who wish to use rental income as their primary income source

Indicates if we can potentially lend on a property where there is evidence of asbestos present.

We can potentially lend on properties where Asbestos is identified. However, the application will be subject to the valuers comments.

Indicates if we can consider lending on a property with occupancy restrictions

We will not consider an application on a property with occupancy restrictions

Indicates if we can potentially consider an application where the property will be purchased at auction

We can consider an application where the property will be purchased at auction. We do recommend calling the Business Development Team to check on current SLA’s and turnaround times to fit with your purchase.

Indicates if we are able to potentially accept 100% timber construction properties – this is NOT the same as timber-framed.

We are not able to accept 100% timber construction. Please refer to the Business Development Team if it is a traditional Suffolk/Norfolk barn

Indicates if BOPAS accreditation is required for non-standard construction where the non-standard construction type is acceptable to us

We do require BOPAS accreditation for non-standard construction where the construction type is acceptable to us.

Indicates if we can potentially consider properties where the construction type is British Iron and Steel Federation (BISF)

We cannot accept this construction type.

Indicates if we are able to potentially accept concrete construction properties.

We cannot accept this construction type. Please contact the Business Development Team to discuss further if it is modern concrete construction specifically.

Indicates if we can potentially consider an application on a converted church

We can potentially consider an application on a converted church. This would need to be submitted to us as a self-build application. These can not be next to a graveyard.

Indicates if we can potentially consider properties where the construction type is Cornish

Suffolk Building Society does not lend on cornish construction properties.

Indicates if we can potentially consider Dutch Barn properties

We cannot accept this construction type.

Indicates if we are able to potentially accept Easiform construction properties.

We cannot accept this construction type.

Indicates if we require an EWS1 certificate for properties with combustible cladding or materials on balconies

We will not lend on properties with combustible cladding or materials on balconies without an EWS1 form. A1, A2 and B1 are acceptable, subject to valuers comments.

Indicates if we can potentially accept properties where there exists a flying freehold.

Maximum 25% subject to insurance available on standard terms. All cases should be referred to the Business Development Team prior to application.

Indicates if we can potentially consider properties where the construction type is Insulating concrete form (ICF)

We can potentially accept this construction type subject to underwriters approval. Please contact the Business Development Team to discuss further.

Indicates if we can potentially consider properties where the construction type is Large Panel System (LPS)

We cannot accept this construction type.

Indicates if we are potentially able to accept applications on properties that have majority flat roof. We classify ‘majority’ as anything over 50%.

We cannot accept this construction type.

Indicates if we can potentially accept applications on properties where the construction type is Modern method of construction (MMC).

We are able to accept applications on properties where the construction type is Modern method of construction (MMC). We require BOPAS certification and will be subject to valuers comments.

Indicates if we can potentially consider lending on a property where the construction type is ‘Modular’ or ‘POD’.

Indicates if we can potentially accept applications on properties where the construction type is Mundic block.

We cannot accept this construction type.

Indicates if we can potentially accept applications on properties where the construction type is No-Fines.

We can potentially accept applications with No-Fines. This would be subject to our valuer’s comments and underwriters approval. Please contact the Business Development Team to discuss further.

Indicates if we can potentially accept NON repaired prefabricated reinforced concrete as suitable security for lending purposes.

We cannot accept this construction type.

Indicates if we can potentially consider properties where the construction type is Off site manufactured (MMC)

We can potentially accept properties where the construction type is Off site manufactured (MMC) subject to it having BOPAS and underwriter approval. Please contact the Business Development Team to discuss further.

Indicates if we can potentially consider Potton Home properties

We can potentially lend on a Potton Home property subject to underwriters approval. Please contact our Business Development Team to discuss further.

Indicates if we can potentially accept repaired prefabricated reinforced concrete as suitable security for lending purposes.

We are able accept repaired prefabricated reinforced concrete, subject to valuers comments and underwriters approval. Please contact the Business Development Team to discuss further.

Indicates if we can potentially consider single skin properties

We cannot accept this construction type.

Indicates if we can potentially accept steel framed properties as suitable lending security.

We may be able to accept modern steel frame specifically. Please contact the Business Development Team to discuss further.

Indicates if we can potentially consider properties where the construction type is Structural Insulated Panel Solutions (SIPs)

We can consider SIP construction subject to underwriter approval. Please contact the Business Development Team to discuss further.

Indicates if we can potentially accept properties that have any element of a thatched roof.

We are able to accept properties that have an element of a thatched roof.

Indicates if we can potentially accept timber framed properties.

We can accept modern timber frame (not acceptable if the property also has timber cladding)

Indicates if we can potentially lend on a property that is of Timber-Framed construction built between 1900 to 1970 for residential applications.

We can potentially accept a timber frame construction dating between 1900 to 1970.

Indicates if we can potentially lend on a property that is of Timber-Framed construction built after 1970 for residential applications.

We can potentially accept a timber frame construction dated post 1970, as long as the property has masonry skin. Subject to valuers comments.

Indicates if we can potentially lend on a property that is of Timber-Framed construction built prior to 1900 for residential applications.

We can potentially accept a timber frame construction dating pre 1900.

Indicates if we can potentially consider lending on a property in a tower block with cladding

We can potentially accept a tower block of flats that have cladding. Maximum storeys acceptable is 5 and the case would be subject to a suitable EWS1 form.

Indicates if we can potentially consider wholly timbered property

We cannot accept this construction type.

Indicates if we can potentially consider a woolaway property

We cannot accept this construction type.

Indicates if we can potentially consider properties where there is spray foam insulation

Suffolk Building Society is unable to lend on properties with spray foam insulation

Indicates if we can potentially lend on properties that are on contaminated land.

We will not consider properties that are situated on contaminated land.

Indicates if we can potentially lend on a property that is close to a mine shaft for residential applications.

We will not lend on properties that are close to a mine shaft.

Indicates if we can potentially lend on a property where it borders Class A1 commercial premises. Class A1 businesses are shops and retail.

We can potentially lend on properties that border class A1 commercial premises. Please refer the property before application submission

Indicates if we can potentially lend on a property where it borders Class A2 commercial premises. Class A2 businesses are professional services.

We can potentially lend on properties that border class A2 commercial premises. Please refer the property before application submission

Indicates if we can potentially lend on a property where it borders Class A3 commercial premises. Class A3 businesses are for food and drink.

We will not lend on properties that border class A3 commercial premises.

Indicates if we can potentially lend on a property where it borders Class A4 commercial premises. Class A4 businesses are drinking establishments.

We will not lend on properties that border class A4 commercial premises.

Indicates if we can potentially lend on a property where it borders Class A5 commercial premises. Class A5 businesses are hot food and takeaway.

We will not lend on properties that border class A5 commercial premises.

Indicates if we can potentially lend on a property where it borders Class B commercial premises. Class B businesses are considered further business and industrial activities.

We can potentially lend on properties that border class B commercial premises.

Indicates if we can potentially lend on a property where it borders Class C commercial premises. Class C businesses are considered hotels, hostels and dwelling houses.

We can potentially lend on properties that border class C commercial premises. Please refer the property before application submission

Indicates if we can potentially lend on a property where it borders Class D commercial premises. Class D businesses are considered non-residential institutions. Examples are museums, day nurseries, libraries.

We can potentially lend on properties that border class D commercial premises. Please refer the property before application submission

Indicates if we can potentially lend on a property where it borders ‘Sui Generis’ commercial premises. Certain uses do not fall within any use class and are considered ‘sui generis’ (Lit. Unique / of its own kind). Such uses include: theatres, houses in multiple occupation, hostels providing no significant element of care, scrap yards. Petrol filling stations and shops selling and/or displaying motor vehicles. Retail warehouse clubs, nightclubs, launderettes, taxi businesses, amusement centres and casinos.

We can potentially lend on properties that border class ‘Sui Generis’ commercial premises. Please refer the property before application submission

Indicates if a lender can potentially lend on a property where it borders Sui Generis commercial premises.

We can potentially lend on properties that border class ‘Sui Generis’ commercial premises. Please refer the property before application submission

Indicates if we can potentially lend on properties that have overhead power lines running above them.

We will not lend on properties that have overhead power lines running above them.

Indicates if we can potentially lend on properties that are ‘part renovated’ but are in fact considered habitable by a surveyor.

We can potentially lend on properties that have been part renovated that are likely to be considered habitable by a surveyor. Subject to valuers comments.

Indicates if we can potentially lend on properties that are ‘part renovated’ and considered non-habitable by a surveyor.

We can potentially lend on properties that have been part renovated that are likely to be considered NOT habitable by a surveyor. Subject to positive valuers comments. We would consider this under our self build scheme

Indicates if we can potentially lend on properties that have been underpinned in the last 10 years.

We will not lend on properties that have been underpinned in the last 10 years.

Indicates if we can potentially accept applications on properties that contain a self-contained annex within the grounds of the property.

We accept annexes as long as they do not have separate utilities or council tax. We accept cases up to 80% LTV. Not acceptable on BTL applications.

Indicates if we can potentially consider a property with an Overage Clause

We can potentially consider a property with an Overage Clause. This will depend on the percentage and it would require underwriters approval.

Indicates if we can potentially lend on residential applications for properties that only have possessory title.

We will not lend on properties that are subject to a possessory title.

Indicates if we can potentially consider a property with shared access or shared services

We can consider a property with shared access or shared services. Please contact the Business Development Team to discuss further.

Indicates if we can potentially consider an application where the splitting of a title deed will take place on completion

We will consider an application where the splitting of a title deed will take place prior to/on completion.

Indicates if we can potentially lend on residential applications on properties where the joint ownership is set up on a tenants in common basis where each owner has an unequal share. For example, Applicant ‘A’ owns 70% of the property and Applicant ‘B’ owns 30%.

We will consider joint applications where the property ownership will be as tenancy in common with unequal shares.

Indicates if we can potentially lend on residential applications for properties that are owned by a trust.

We will not lend on properties that are owned by a trust.

Indicates the area in square metres required when lending on studio flats.

We do not lend on studio flats, however, our minimum requirement is 30sqm.

Indicates if we can potentially lend on a basement flat

We can potentially lend on a basement flat. Please refer the property to our Business Development Team. Maximum of 5 storeys, including the basement flat.

Indicates if we can potentially consider a coach house property

We can consider coach houses but we will need to determine if the property is freehold or leasehold, and if there is an element of flying freehold

Indicates if we can potentially lend on commonhold properties.

We do not lend on commonhold properties.

Indicates if we are potentially able to lend on ex-local authority flats/maisonettes.

We are not able to lend on ex local authority flats/maisonettes outside Right to Buy

Indicates if we are potentially able to lend on ex-local authority houses/bungalows.

We are able to lend on ex local authority houses/bungalows.

Indicates if we are potentially able to lend on farmhouses where the farmhouse and land are contiguous.

We are not able to lend on farmhouses where the farmhouse and land are contiguous.

Indicates if we are able to potentially accept flats above a commercial food outlet.

We will not lend on properties above a commercial food outlet

Indicates if we can potentially accept flats that are above commercial offices.

We may be able to lend on flats above commercial officies.

Indicates if we can potentially accept flats that are above a pub.

We will not lend on a property above a commercial pub

Indicates if we are able to potentially accept flats above a shop that is NOT a food outlet.

We may be able to lend on flats above shops. This is subject to type of shop and general location.

Indicates if we can potentially accept a flat or maisonette where the tenure is freehold.

We will not lend on freehold flats or maisonettes

Indicates if we can potentially consider lending on property classified as a Grade 1 Listed Building. Categories of listed buildings in England & Wales: Grade I: buildings of exceptional interest. Grade II*: particularly important buildings of more than special interest. Grade II: buildings that are of special interest, warranting every effort to preserve them.

We can potentially lend on properties that are classified as a Grade 1 Listed Building. These properties are acceptable subject to valuers comments.

Indicates if we can potentially consider lending on property classified as a Grade 2 Listed Building. Categories of listed buildings in England & Wales: Grade I: buildings of exceptional interest. Grade II*: particularly important buildings of more than special interest. Grade II: buildings that are of special interest, warranting every effort to preserve them.

We can potentially lend on properties that are classified as a Grade 2 Listed Building. These properties are acceptable subject to valuers comments.

Indicates if we can potentially consider lending on property classified as a Grade 2* Listed Building. Categories of listed buildings in England & Wales: Grade I: buildings of exceptional interest. Grade II*: particularly important buildings of more than special interest. Grade II: buildings that are of special interest, warranting every effort to preserve them.

We can potentially lend on properties that are classified as a Grade 2* Listed Building. These properties are acceptable subject to valuers comments.

Indicates if we are potentially able to lend on mobile homes and houseboats.

We are not able to lend on mobile homes and houseboats

Indicates if we can potentially lend on studio flats.

We are not able to lend on studio flats

Indicates the limit we can potentially accept where the property usage has an element of commercial use.

We are not able to accept applications where the property usage has an element of commercial use.

Indicates if we can potentially accept properties that have agricultural restrictions.

We are able to accept properties that have agricultural restrictions. Please refer on an individual basis. No cases considered above 50% LTV.

Indicates if we can potentially lend on residential applications for properties that are part used as a B&B (Bed and Breakfast).

We will not lend on residential properties that will continue to be used as a B&B.

Indicates if we can potentially lend on residential applications for properties that will be empty/unoccupied following completion.

We will not lend on properties that will remain unoccupied after completion.

Indicates if we can potentially accept applications on properties that are to be used as a second or holiday home.

On a second home purchase we will lend up to 80% LTV. In regards to the affordability assessment we will include all costs for both properties

If we lend on holiday/second homes, specifies what is the maximum loan to value we can lend when the property usage is second or holiday home.

On a second home purchase we will lend up to 80% LTV. In regards to the affordability assessment we will include all costs for both properties

Indicates if we can potentially accept applications on properties that are classed as a home for a dependant.

Maximum LTV would be 80%

If we lend on homes for dependants, indicates the maximum loan to value (LTV) we can consider.

Maximum LTV for a home for a dependent is 80%

Indicates if we can potentially accept applications on properties defined as Live/Work units.

We are unable to accept applications on properties defined as Live/Work units.

Indicates if we are able to potentially lend on properties that are classified as mixed use for both residential occupation and commercial use.

We will not lend on properties that have mixed use commercial/residential.

Indicates if we are potentially able to accept properties that have a significant amount of land (properties that have acreage).

We are able to accept properties that have 10 acres of land

Indicates if we are able to potentially accept applications from applicants who are looking to purchase a property that has an age restriction. For example, Mr Jones is looking to purchase a retirement apartment that can only be occupied by people who are at least 55 years of age.

We are not able to accept properties with Age Restrictions or that are Retirement Properties

Indicates if we can potentially consider lending against a property that has an Annex and the Annex will be Let.

We can lend on residential properties that have an annex that is being used as a short term holiday let (e.g. Air BnB).

Indicates if we can potentially accept properties that have deck access.

We are unable to lend on properties with a deck access

Indicates if we are able to potentially accept an application where the security property has more than one kitchen. This is not the same as a property split into two or more units or a House of Multiple Occupation (HMO).

We do not lend on properties that have more than one kitchen

Indicates if we are able to potentially accept applications on properties that are subject to a Section 106 restrictive covenant.

Applications would be dependent on wording of Section 106 and LTV. Please contact the Business Development Team to discuss further.