Below is the latest product update from the Bath Building Society. The Bath range of products are available through our direct to lender mortgage club and our fees free packager.
Important update re. changes to our Lending Criteria
Key criteria updates to Buy For Uni products
Recent updates to the Buy For Uni criteria include:
- Maximum loan increased to £500,000
- Minimum time remaining on course reduced to one academic year
- The requirement to live within a ten mile radius of the educational establishment has been removed
Did you know that as a Bath Building Society Intermediary you can earn a referral fee of 0.2% of the loan value simply by referring a Buy For Uni enquiry to our Mortgage team and a client completes on one of our Buy For Uni products.
Holiday Lets criteria update
We now assess rental income on the basis of what the property would achieve on an Assured Shorthold Tenancy (AST) rather than as a holiday let. This means affordability for our Holiday Let products will follow the standard Buy To Let affordability process.
View products and criteria
We no longer have LTV restrictions on London properties
Which means our 95% standard residential products can now be considered within the London area. Find out more about the whole product range and view our Lending Criteria hub on the website.