Bath Building Society Mortgage lending criteria

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We have no current plans to withdraw these products but they may be withdrawn without notice. Please ask for a personalised illustration
Lending Criteria and Information

Loan size	Minimum £30,000, Maximum £650,000
Property	Minimum property value £50,000
Term	Minimum 5 years Maximum 40 years
Age	Minimum 21 years, no maximum subject to income at retirement
Repayment Types	Repayment, interest only
Underwriting	We take a flexible approach to underwriting and will consider each application on its merits. We do not credit score. The actual rate and APR for your case will depend upon your circumstances and our assessment of the risk.

Income Multiples
The amount we will lend will depend on the value of the property and a calculation based on income and expenditure. As a guide, we will take gross annual income and then apply a deduction for the annual amount paid towards any existing debts. We apply the following multipliers to the amount remaining:

Income after deductions	Sole Borrower	Joint Borrowers
£0 - £15,000	3.5 x	3.5 x higher + 1 x lower or 3 x joint incomes
£15,001 - £25,000	3.75 x	3.75 x higher + 1 x lower or 3.5 x joint incomes
£25,001 - £50,000	4 x	4 x
Over £50,000	4.25 x	4.25 x

These multiples are for guidance only. We will consider increases to these multiples where it can be justified.

Valuation Fee Scale

Property Value	Standard Valuation Fee	Home Buyer Report Fee
Up to £100,000	£120.00	£285.00
£100,001 - £150,000	£170.00	£340.00
£150,001 - £200,000	£205.00	£390.00
£200,001 - £250,000	£240.00	£430.00
£250,001 - £300,000	£275.00	£470.00
£300,001 - £400,000	£310.00	£510.00
£400,001 - £500,000	£350.00	£550.00
£500,000 - £600,000	£400.00	£600.00
£600,000 - £700,000	£450.00	£650.00
£700,000 - £800,000	£500.00	£700.00
£800,000 - £900,000	£600.00	£800.00
£900,000 - £1M	£650.00	£850.00
Over £1M	By negotiation	By negotiation

Drive-by Valuations	£75.00	N/A

Re-inspections	£75.00	N/A
All fees include VAT

Contact Details
Please contact Ben Hutchings on 01225 475721 or mobile 07843 568456 to discuss your requirements.
Alternatively click here to request a call back
Head Office: 15 Queen Square, Bath, BA1 2HN

Bath Investment & Building Society is authorised and regulated by the Financial Services Authority for advising, lending and administering Regulated Mortgage Contracts. Our FSA registration number is 206026. English law applies and we will communicate with you in english. We are participants in the Financial Ombudsman Service. We have a complaints procedure which we will provide on request. Most complaints that we cannot resolve can be referred to the Financial Ombudsman Service.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

© Bath Building Society 2008. E&O.E (click here to view Legal Information and here for our Privacy Policy)
Bath Investment & Building Society are members of the UK Building Societies Association, participants of the Financial Ombudsman Service; and authorised and regulated by the UK Financial Services Authority (registration number 206026). VAT number 600842084