Buy to Let Mortgage Lending Criteria | Intermediaries

No limit years

Criteria Policy Notes:

No maximum age but affordability must be proven into retirement.

Criteria description:

Indicates the maximum age we can accept an applicant to be at the time of an application to be considered for a Buy to Let application.

80 percentage

Criteria Policy Notes:

80% max ltv for £ 4 £ re-mortgage

Criteria description:

Indicates the maximum loan to value (LTV) a Buy to Let we can accept where the remortgage purpose is a simple balance swap (no additional monies being raised).

Accepted

Criteria Policy Notes:

Bath Building Society specifies a 'Portfolio Landlord' as 4 or more completed qualifying rental properties that are mortgaged or unencumbered. The number of qualifying properties that constitutes a 'Portfolio Landlord' is All applicants combined Buy To Let properties. A qualifying property:

Includes Privately owned Buy to Let rental properties
Includes Company owned Buy to Let rental properties
Includes Consent to Let properties
Includes Holiday Lets
Single title multi unit properties are counted as one property.

Criteria description:

Indicates if we can accept 'Portfolio' landlords and IMPORTANTLY how they define a portfolio landlord.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Expat Buy to Let business.

Criteria description:

Indicates if we can potentially consider Buy to Let applications from expats.

Accepted

Criteria Policy Notes:

Bath Building Society accepts Buy to Let applications from Limited Companies.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from Limited Companies

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on 'Houses of Multiple Occupation (HMO)'.

Criteria description:

Indicates if we can potentially accept Buy to Let applications on Houses of Multiple Occupation (HMOs)

Acceptable

Criteria Policy Notes:

Bath Building Society will accept Holiday Lets properties on our specific Holiday Let products. A minimum personal income of £20,000.00 is needed.

Holiday Lets in Scotland will need to have a a valid licence or undertake to obtain one on any new purchase.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property on a Holiday Let basis.

Warning:

Holiday Let sites not acceptable.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on 'Multi Unit Freehold' properties.

Criteria description:

Indicates if we can potentially lend on single title multi-unit properties

We do not accept Expat Buy to Let applications

Criteria Policy Notes:

Bath Building Society does not accept Ex-Pat applications.

Criteria description:

Indicates if we have a minimum income requirement when assessing expat applications and if so what is it

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties with up to 5 acres. Properties with up to 7 acres can be considered on a case-by-case basis.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept Buy to Let applications from 'First Time Landlords'.

Criteria description:

Indicates if we can potentially consider applications from First Time Landlords.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Buy to Let applications from 'First Time Buyers'

Criteria description:

Indicates if we can potentially consider applications from First Time Buyers.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially offer Buy to Let mortgages on a 'Repayment (Capital & Interest)' basis.

Criteria description:

Indicates if we accept mortgages on a Repayment basis (Capital & Interest) for Buy to Let applications.

No

Criteria Policy Notes:

Bath Building Society does not consider earned income in affordability assessment.

Criteria description:

Indicates if we can potentially consider applicants earned income in addition to the rental income for a property when calculating the maximum mortgage that can be borrowed.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates the maximum LTV we can consider for Buy to Let applications on HMO properties

No Maximum years

Criteria Policy Notes:

No max for buy to lets

Criteria description:

Indicates the absolute maximum age we will lend to.

21 years

Criteria Policy Notes:

21 for Buy to Let applications

Criteria description:

The minimum age we will accept when assessing an applicant.

4

Criteria Policy Notes:

4

Criteria description:

The maximum number of applicants able to go on a Buy to Let mortgage application.

500000

Criteria Policy Notes:

£500,000 - 80%
£1,500,000 - 75%
£2,000,000 - 70%

Criteria description:

Indicates the maximum potential loan size we can consider lending at 80% loan to value or less. Be aware that this relates to the maximum and other factors may reduce this maximum such as property type etc.

80 percentage

Criteria Policy Notes:

Bath Building Society can potentially lend up to 80% on new build houses/bungalows.

Criteria description:

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a NEW BUILD house/bungalow.

80 percentage

Criteria Policy Notes:

Bath Building Society can lend on flats and maisonettes to a maximum of 80% LTV

Please note we do not lend on converted office premises.

Criteria description:

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a flat or maisonette and it is NOT considered a new build.

Acceptable

Criteria Policy Notes:

Maximum status 1 in the last 2 years and must be satisfied for at least 6 months.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from applicants that have a history of mortgage or secured loan arrears.

Acceptable

Criteria Policy Notes:

Maximum status 1 in the last 2 years (Utilities & mobiles ignored up to £250).

Criteria description:

Indicates if we are able to potentially accept Buy to Let applications where one or more applicant(s) has a history of unsecured loan arrears.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applicants who have a current/unsatisfied debt management plan.

Criteria description:

Indicates if we can potentially accept a Buy to Let application from an applicant who is currently in a debt management plan.

Acceptable

Criteria Policy Notes:

Must be satisfied for over 2 years.

Criteria description:

Indicates if we can potentially accept a Buy to Let application from an applicant who has previously had a debt management plan that is now satisfied.

3 years

Criteria Policy Notes:

Bath Building Society can potentially accept a discharged bankrupt if the bankruptcy has been satisfied for over 3 years.

Criteria description:

Displays if we can accept discharged bankrupts on Buy to Let applications and if so how long a client has to have been discharged for.

Acceptable

Criteria Policy Notes:

Satisfied for over 3 years.

Criteria description:

Specifies if we are able to potentially consider a Buy to Let application from an applicant who has previously had an Individual Voluntary Arrangement (IVA) registered against them.

IMPORTANT NOTE: An IVA usually stays on the credit file for 6 years from the date it was REGISTERED not from the date it was satisfied which typically occurs 5 years after the date the IVA was entered into (the registered date). This is important because some lenders will specify how long it must have been satisfied for and others will use how long ago it was registered.

This criteria displays if a person who has had an IVA can be considered on a general level but you should read the policy notes and related criteria carefully to dig deeper with regard your clients specific situation.

36 months

Criteria Policy Notes:

3 years minimum

Criteria description:

This is the required number of months we specify a client has to have had a UK address history for.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on freehold flats and maisonettes in England & Wales.

Criteria description:

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

80 percentage

Criteria Policy Notes:

Bath Building Society can lend on New build flats and maisonettes to a maximum of 80% LTV

Criteria description:

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a NEW BUILD flat or NEW BUILD maisonette.

3 years

Criteria Policy Notes:

Satisfied for over 3 years.

Criteria description:

Displays if we accept Buy to Let applications from borrowers who have had an IVA and if so how many years it must have been satisfied for. An IVA is satisfied when the payment plan has been completed.

IMPORTANT NOTE: An IVA usually stays on the credit file for 6 years from the date it was REGISTERED not from the date it was satisfied which typically occurs 5 years after the date the IVA was entered into (the registered date). This is important because some lenders will specify how long it must have been satisfied for and others will use how long ago it was registered.

This criteria displays how long ago it must have been satisfied so you should read the policy notes carefully to check if the lenders specifies how long ago it must have been registered.

3 years

Criteria Policy Notes:

Registered over 3 years ago.

Criteria description:

Displays if we accept Buy to Let applications from borrowers who have had an IVA and if so how many years ago it must have been registered. An IVA is registered when a payment plan is agreed with the creditors.

IMPORTANT NOTE: An IVA usually stays on the credit file for 6 years from the date it was REGISTERED not from the date it was satisfied which typically occurs 5 years after the date the IVA was entered into (the registered date). This is important because some lenders will specify how long it must have been satisfied for and others will use how long ago it was registered.

This criteria displays how long ago it must have been registered so you must read the policy notes carefully to check if the lender specifies how long ago it must have been satisfied as well.

Warning:

Must have been satisfied for at least 3 years

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applicants that have recently had unauthorized overdraft charges

Criteria description:

Indicates if we are able to potentially accept Buy to Let applications from applicants who have recently been charged for an unauthorised overdraft (either by exceeding their overdraft limit or by simply going overdrawn if they do not have an agreed overdraft limit). These unauthorised overdraft charges will likely appear on the clients recent bank statements.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applicants with a current payday loan.

Criteria description:

Indicates if we can potentially accept a Buy to Let application from a borrower who is currently in a payday loan credit agreement

Acceptable

Criteria Policy Notes:

Bath Building Society does accept applicants that have had a previous payday loan must be clear for at least 12 months

Criteria description:

Indicates if we can potentially accept a Buy to Let application from a borrower who has had a payday loan in the past but is not currently in a payday loan credit agreement.

no

Criteria Policy Notes:

Bath Building Society does not use Callcredit as a credit reference agency when assessing applications

Criteria description:

Indicates if we use Transunion (formerly Callcredit) as a credit reference agency when assessing applications.

No

Criteria Policy Notes:

Bath Building Society does not use Equifax as a credit reference agency when assessing applications.

Criteria description:

Indicates if we use Equifax as a credit reference agency when assessing applications.

Yes

Criteria Policy Notes:

Bath Building Society uses Experian as a credit reference agency when assessing applications.

Criteria description:

Indicates if we use Experian as a credit reference agency when assessing Buy to Let applications.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept Let to Buy applications where looking to convert the existing residential mortgage to a Buy to Let mortgage with us

Criteria description:

Indicates if we can potentially accept applications to remortgage onto a buy to let basis when the current mortgage is residential.

Warning:

Must have an onward purchase.

40 years

Criteria Policy Notes:

40 years maximum term

Criteria description:

Indicates the maximum term a Buy to Let mortgage can be taken over.

5 years

Criteria Policy Notes:

5 years

Criteria description:

Indicates the minimum term a Buy to Let mortgage can be taken over.

80 percentage

Criteria Policy Notes:

80% max ltv for £ 4 £ re-mortgage

Criteria description:

Indicates the maximum loan to value (LTV) a Buy to Let we can accept where the remortgage purpose is a simple balance swap (no additional monies being raised).

80 percentage

Criteria Policy Notes:

80% LTV maximum. We require simultaneous completion of the onward purchase.

Criteria description:

Indicates the maximum loan to value (LTV) we will accept when the reason for capital raising is to raise funds to fund or part fund a buy to let purchase.

Warning:

We require simultaneous completion of the onward purchase.

80 percentage

Criteria Policy Notes:

The Society will only accept applications for debt consolidation subject to: • No previous debt consolidation within the past three years • The total debt being consolidated should be no greater than 50% of the debt holders current income (except where it can be evidenced the debts were accrued carrying out home improvements) • Every other aspect of the case must meet lending criteria, with no exceptions. • Advances will not be considered for clearing gambling debts, tax liabilities or mortgage arrears

Criteria description:

Indicates the maximum loan to value (LTV) we will accept where there is an element of debt consolidation on a remortgage application.

80 percentage

Criteria Policy Notes:

80% maximum

Criteria description:

Indicates if we are able to and if so to what loan to value, accept remortgages where the purpose is to raise money for property improvements.

6 months

Criteria Policy Notes:

6 months

Criteria description:

Indicates the number of months we state a person must have owned a property before it can be considered for a remortgage application.

No (Full Footprint)

Criteria Policy Notes:

Bath Building Society leaves a full/hard search footprint when performing a credit search.

Criteria description:

Indicates if we will leave a 'soft footprint' when performing a credit search (as opposed to leaving a full/hard footprint on the credit file).

Acceptable

Criteria Policy Notes:

Bath Building Society can consider transactions at undervalue subject to underwriter referral at DIP stage. The applicants will need to provide at least a 20% deposit on the purchase price.

Criteria description:

Indicates if we can potentially accept applications where the transaction constitutes an undervalue transaction.

Yes

Criteria Policy Notes:

Bath Building Society can consider mortgage offer extensions. If an extension of over 1 month is required to an offer it would be offered on new rates applicable at the time of re-offer. A letter of ‘no material change’ will be required. An up-to-date credit search should be obtained. An up-to-date valuation, or confirmation from the valuer that we may still rely on the report will be required.

Criteria description:

Indicates if we can potentially extend a clients mortgage offer beyond the standard expiry.

75000

Criteria Policy Notes:

£75,000 (£100,000 Ltd co BTL)

Criteria description:

Indicates the minimum loan size (if there is one) that we accept for new applications.

180 days

Criteria Policy Notes:

All offers are valid for 6 months

Criteria description:

Displays the number of days a NEW BUILD Buy to Let mortgage offer is valid for.

180 days

Criteria Policy Notes:

6 months

Criteria description:

Displays the number of days a STANDARD Buy to Let mortgage offer is valid for.

20 percentage

Criteria Policy Notes:

20% without incurring any charges

Criteria description:

Indicates the amount you can usually overpay (subject to product availability) without penalty on our Buy to Let mortgages.

Yes

Criteria Policy Notes:

All Bath Building Society mortgages are full portable

Criteria description:

Indicates if our Buy to Let mortgages are portable as standard.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties in the Channel Islands.

Criteria description:

Indicates if we can potentially consider Buy to Let lending on properties located in the Channel Islands.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if we can potentially consider Buy to Let lending on properties located in England.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties on the Isle of Man.

Criteria description:

Indicates if we can potentially consider lending on properties located on the Isle of Man.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if we can potentially consider lending on properties located on the Isle of Wight

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties in Northern Ireland.

Criteria description:

Indicates if we can potentially consider lending on properties located in Northern Ireland.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties in the Scilly Isles.

Criteria description:

Indicates if we can potentially consider lending on properties located in the Scilly Isles.

Acceptable

Criteria Policy Notes:

Bath Building Society does lend on properties in mainland Scotland and the following islands:

The Shetlands
The Orkneys
Arran
Bute
Skye
Harris & Lewis
Mull
Islay

Criteria description:

Indicates if we can potentially consider lending on properties located in Scotland.

Warning:

Please note, that valuations can take longer to book in the Scottish Isles.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if we can potentially consider lending on properties located in Wales.

6

Criteria Policy Notes:

Maximum 6 stories but anything over 4 stories needs to be lift served

Criteria description:

Indicates the maximum number of storeys we can consider when lending on high rise flats.

Warning:

Anything over 4 stories needs to be lift served.

Not Acceptable

Criteria Policy Notes:

We dont lend on ex-local authority flats

Criteria description:

Indicates the maximum number of stories we can consider when lending on ex local authority high rise flats.

55 years

Criteria Policy Notes:

Interest Only must have a minimum of 80 years at end of the mortgage term, repayment must have a minimum of 50 years

Criteria description:

Indicates the minimum required lease remaining at date of application we can potentially accept.

Warning:

Lease must have 50 years left from the natural term end of the mortgage

50 years

Criteria Policy Notes:

Interest Only must have a minimum of 80 years at end of the mortgage term, repayment must have a minimum of 50 years

Criteria description:

Indicates the minimum required lease remaining at the end of the mortgage term we can potentially accept.

100000

Criteria Policy Notes:

£100k

Criteria description:

Indicates if we have a minimum property value they require for new Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on 100% timber construction properties.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society will lend on concrete construction properties.

Criteria description:

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

Warning:

Subject to valuers comments

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on ex local authority flats or maisonettes.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on easiform construction properties.

Criteria description:

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

Warning:

Subject to valuers comments

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on ex-local authority properties on Buy to Let applications.

Criteria description:

Indicates if we can potentially lend on ex local authority houses/bungalows.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on flats above commercial food outlets.

Criteria description:

Indicates if we can potentially accept flats above a commercial food outlet.

Acceptable

Criteria Policy Notes:

Refer to lender.

Please note that we do not consider flats converted from commercial premises.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on flats above pubs.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society does lend on properties where the construction type is modern method of construction (MMC).

Criteria description:

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

Warning:

Subject to valuers comments and being an accredited scheme

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is mundic block.

Criteria description:

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

Warning:

Subject valuers comments and petrographic test

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is no-fines.

Criteria description:

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

Warning:

Acceptable - subject to valuers comments.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties that are constructed of non repaired prefabricated reinforced concrete.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that are constructed of repaired prefabricated reinforced concrete.

Criteria description:

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

Warning:

Subject to valuers comments.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is steel framed.

Criteria description:

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

Warning:

Subject to valuers comments. Must be built post 1987

Acceptable

Criteria Policy Notes:

Bath Building Society can lend on studio flats.

Criteria description:

Indicates if we can potentially lend on studio flats.

Warning:

Must have a minimum of 30 sqm

Acceptable

Criteria Policy Notes:

Acceptable - subject to valuers comments

Criteria description:

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

Acceptable

Criteria Policy Notes:

Modern Timber Framed post 1970 acceptable but exterior wall must be brick/block/stone

Criteria description:

Indicates if we can potentially accept timber framed properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties with deck access.

Criteria description:

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

Acceptable

Criteria Policy Notes:

No more than 15% flying freehold

Criteria description:

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

Acceptable

Criteria Policy Notes:

Reliant on valuers comments

Criteria description:

Indicates if we can potentially able to accept Buy to Let applications on properties that have majority flat roof. We classify 'majority' as anything over 50%.

Acceptable

Criteria Policy Notes:

Bath Building Society does lend on properties that have a section 106 restrictive covenant, subject to mortgagee in possession clause. Refer to Lender.

Criteria description:

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

30

Criteria Policy Notes:

Our minimum square metre requirement when lending on studio flats is 30 sqm.

Criteria description:

Indicates the area in square metres required when lending on studio flats for Buy to Let lending.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on Buy to Let properties that have more than one kitchen.

Criteria description:

Indicates if we can 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).

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where Asbestos is identified.

Criteria description:

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

Warning:

Bath Building Society can potentially lend on properties where Asbestos is identified but will be assessed on a case by case basis.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we can potentially accept Buy to Let applications on Houses of Multiple Occupation (HMOs) that are 'unlicensed'

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we specify a minimum property value for HMO properties and if so what it is.

No limit years

Criteria Policy Notes:

No maximum age but affordability must be proven into retirement.

Criteria description:

Indicates the maximum age we can accept an applicant to be at the time of an application to be considered for a Buy to Let application.

80 percentage

Criteria Policy Notes:

Bath Building Society has a maximum of 80% LTV on BTL.

Criteria description:

Indicates the maximum LTV we can consider for Buy to Let applications

20000

Criteria Policy Notes:

Bath Building Society has a minimum income of £20,000 after commitments.

Criteria description:

Indicates if we have a minimum income requirement for Buy to Let applications and if so what it is.

Acceptable

Criteria Policy Notes:

Bath Building Society will potentially consider properties with solar panels where the solar panels form part of the freehold of a building.

Criteria description:

Indicates if we can potentially accept properties that have had solar panels installed.

Warning:

Where the solar panels are leased under an "airspace lease" the Solicitor will be required to ensure the lease does not negatively impact on our security.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider applications from foreign nationals WITH indefinite leave to remain

Criteria description:

Indicates if we are potentially able to accept applications from foreign nationals that have indefinite leave to remain.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applications from foreign nationals that do not have indefinite leave to remain

Criteria description:

Indicates if we are potentially able to accept applications from foreign nationals that DO NOT have indefinite leave to remain.

Acceptable

Criteria Policy Notes:

Bath Building Society does accept back to back remortgages of this nature providing the original transaction is fully registered at Land Registry.

Criteria description:

Back to back is typically where the vendor has owned the property for less than six months, or remortgages where they've owned the property for less than six months.

Back to Back (Remortgage - Bridging) indicates if we will accept applications where the customer has funded the purchase from a bridging loan and now wish to mortgage the property.

Acceptable

Criteria Policy Notes:

Bath Building Society does accept back to back remortgages of this nature providing the original transaction is fully registered at Land Registry.

Criteria description:

Back to back is typically where the vendor has owned the property for less than six months, or remortgages where they've owned the property for less than six months.

Back to back (Remortgage - Customer Funded) indicates if a we will accept applications where the customer has funded the purchase from their own funds and now wish to mortgage the property with a Buy to Let mortgage typically within 6 months of ownership. For example Josh recently purchased a property at auction and now wants to remortgage the property to release funds.

Acceptable

Criteria Policy Notes:

Bath Building Society does accept back to back remortgages of this nature providing the original transaction is fully registered at Land Registry. The LTV will be based on the original purchase price unless evidence of refurbishment is seen and there must also be a plausible reason for the transaction.

Criteria description:

Back to back (Remortgage - Inherited) indicates if we can accept applications where the customer has inherited a property and now wish to mortgage it on a Buy to Let basis typically within 6 months of ownership.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applications where contract reassignment exists

Criteria description:

Indicates if we can potentially accept a situation whereby the purchaser is looking to buy a new build property from a third party (not the builder/developer). An example of this is whereby a third party has secured the property off plan and exchanged contracts but has not completed. They then sell the contract to a new purchaser. This is known as 'contract reassignment'. Sometimes this is for a premium of the original purchase price and sometimes it is without a premium.

No

Criteria Policy Notes:

We credit search but not credit score. Manual underwriting applies

Criteria description:

Indicates if we use 'credit scoring' to assess a client(s) mortgage application usually at agreement in principle (AIP) stage.

Acceptable

Criteria Policy Notes:

Bath Building Society can accept this builders deposit.

Criteria description:

Indicates if we accept builder gifted deposits as an acceptable source of deposit for new build properties

Warning:

Acceptable providing the applicant puts the same amount of contribution in

Acceptable

Criteria Policy Notes:

Providing the correct amount of stamp duty is paid

Criteria description:

Indicates if we can accept applications that are considered a concessionary purchase

Acceptable

Criteria Policy Notes:

Acceptable to bath Building Society.

Criteria description:

Indicates if we can accept a gift from an immediate family member as an acceptable source of deposit.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept this type of deposit.

Criteria description:

Indicates if we can accept a gift as a deposit source outside of immediate family members such as a friend, employer or cousin for example.

Acceptable

Criteria Policy Notes:

Acceptable to bath Building Society

Criteria description:

Indicates if we can accept monies raised from the mortgage of an additional property as an acceptable source of deposit.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept this type of deposit.

Criteria description:

Indicates if can potentially accept deposits that have originated outside of the European Economic Area (EEA) as an acceptable source of deposit.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept this type of deposit.

Criteria description:

Indicates whether or not we will accept borrowers source of deposit as a loan. For example a person is looking to put down a total 25% deposit and borrow a 75% mortgage. 5% of the total deposit is a bank loan.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applications on a joint application sole proprietor basis.

Criteria description:

Indicates if we will accept applications from joint borrowers where only ONE applicant will OWN the property.

Acceptable

Criteria Policy Notes:

If Japanese Knotweed or any other invasive species is identified within 7 metres of the property, the application may be declined.

The Underwriter will have discretion to proceed subject to a suitable eradication program being in place with a member of the Property Care Association (PCA) with an insurance backed warranty

Criteria description:

Specifies if we are able to potentially accept applications where there is evidence of Japanese knotweed at the property or near the property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept AEDIS as an acceptable new build warranty

Criteria description:

Indicates if AEDIS is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Build Assure as an acceptable new build warranty.

Criteria description:

Indicates if Build Assure is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Building Life Plans as an acceptable new build warranty.

Criteria description:

Indicates if Building Life Plans is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if Buildzone is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts Ceckmate Castle 10 as an acceptable new build warranty.

Criteria description:

Indicates if Checkmate (Castle 10) is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept CRL Management Ltd as an acceptable new build warranty.

Criteria description:

Indicates if CRL Management Ltd is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Global Home Warranties as an acceptable new build warranty.

Criteria description:

Indicates if Global Home Warranties is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts LABC as an acceptable new build warranty.

Criteria description:

Indicates if LABC is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts NHBC as an acceptable new build warranty.

Criteria description:

Indicates if NHBC Guarantee is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if Premier Guarantee Scheme is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society will accept Professional Consultants Certificate as an acceptable new build warranty.

Criteria description:

Indicates if Professional Consultants Certificate is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts Protek as an acceptable new build warranty.

Criteria description:

Indicates if Protek is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Q Assure Build as an acceptable new build warranty.

Criteria description:

Indicates if Q Assure Build is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts Zurich Municipal "New Build" as an acceptable new build warranty.

Criteria description:

Indicates if Zurich Municipal "New Build" is an acceptable new build warranty for us on new build properties.

We do not accept Expat Buy to Let applications

Criteria Policy Notes:

Bath Building Society does not accept Ex-pat applications.

Criteria description:

Indicates if we require expats to have a UK credit profile

Acceptable

Criteria Policy Notes:

Bath Building Society will allow borrowers to 'self occupy' their Holiday Let property up to 60 days a year

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property on a Holiday Let basis and occupy the property themselves from time to time. For example whilst the property is predominantly Let on a Holiday Let a few weeks a year the applicant would like to stay in the property.

36 months

Criteria Policy Notes:

Bath Building Society can consider lending to trading companies with a 3 year trading history, with acceptable SIC codes 68100 and 68209.

Criteria description:

Indicates if there is a minimum trading period for 'Trading Limited Companies' and if so how long IN MONTHS this is.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates the maximum number of storeys permitted on HMO properties.

20000

Criteria Policy Notes:

Minimum income £20,000 after all personal debts

Criteria description:

Indicates if we specifiy a minimum income an applicant must earn in order to be considered for a Buy to Let mortgage where the applicant is considered a portfolio landlord.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept applications from 'Full Time Landlords'.

Criteria description:

Indicates if we can potentially lend to what we consider to be professional landlords. Typically a professional landlord is an applicant whose main income source is from their rental income from property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Housing Association tenants.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to Housing Association tenants.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept 'Regulated Buy to Let' applications. Any rental income will be ignored and the application must pass the Society’s standard affordability test.

Criteria description:

Indicates if we can potentially consider Buy to Let applications where the intention is to Let the property to a family member.

Warning:

Any rental income will be ignored and the application must pass the Society’s standard affordability test.

Acceptable

Criteria Policy Notes:

Bath Building Society will use the uplifted value in this situation. Land Registry must be fully updated with no pending applications. Refer to Lender.

Criteria description:

Indicates if we can potentially offer a remortgage and use the uplifted value of the property following recent works of improvement. For example, Jon purchases a property for £150,000 and spend a couple of months doing the place up following which the property is now worth £250,000. Jon now wants to find a lender who will allow him to raise capital based on the newly enhanced value.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept 'Premium Lease Agreements' where a prospective tenant is paying their rent as an advanced payment.

Criteria description:

Indicates if we can potentially consider applications where the applicant's tenant will be paying their rent as an advance payment.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Buy to Let applications from individuals they deem property developers.

Criteria description:

Indicates if we can potentially accept applications from property developers

Acceptable

Criteria Policy Notes:

Bath Building Society allows borrowers to let properties via AirBnB or similar on our Holiday Let products only.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the entire property via services such as AirBnB and similar.

Warning:

We would not accept this on our BTL products.

Not Acceptable years

Criteria Policy Notes:

Bath Building Society does not accept applications from borrowers who have previously had a property repossessed.

Criteria description:

Indicates if we can accept Buy to Let applications from applicants that have previously been repossessed and if so how many years need to have passed to be acceptable.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept situations on purchase applications where there is a tenant in situ at the property where it is the intention to allow them to remain as the ongoing tenant.

The tenant must be occupying the property on an AST

Criteria description:

Indicates if we can potentially accept situations where the property being purchased on a Buy to Let basis has an existing tenant who wishes to remain in the property and therefore vacant possession on completion would not exist.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Buy to Let applications from 'Non Owner Occupiers'.

Criteria description:

Indicates if we can potentially accept an applicant that is a non-owner occupier for a Buy to Let application.
This is not to be confused with a First Time Buyer or First Time Landlord.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept applicants classed as a 'Consumer Buy to Let (CBTL)'

Criteria description:

Indicates if we can lend when we consider the transaction to be a 'Consumer Buy to Let (CBTL)' and what our definition of a consumer buy to let is. A CBTL is often referred to as an accidental landlord.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Buy to Let mortgages from Expat applicants where the property will be Let to Family Member(s)

Criteria description:

Indicates if we can consider expat buy to let applications where the intention is to Let to a family member

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we can consider a Buy to Let application on an HMO property from a first time landlord.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application where a Limited Company is purchasing a property from its directors. The transaction needs to be carried out at full market value.

Criteria description:

Indicates if we can potentially accept an application where a Limited Company wishes to purchase a property from one of its directors or shareholders. This is typically referred to as a 'Related Transaction'.

We do not lend on Multi Unit Freehold Properties

Criteria Policy Notes:

Bath Building Society does not lend on Multi Unit Freehold properties.

Criteria description:

Indicates the maximum number of units permitted on a single title multi unit property

Acceptable

Criteria Policy Notes:

Bath Building Society can consider this.

Criteria description:

Indicates if we can potentially accept an application where the purchaser is looking to purchase a property from a limited company for which he/she is a shareholder.

Warning:

Purchase would have to be "at arms length".

No Minimum months

Criteria Policy Notes:

Bath Building Society has no minimum trading period requirement for Special Purpose Vehicle Limited Companies providing the SPV was set up for the sole purpose of property letting/management.

Criteria description:

Indicates if there is a minimum trading period for 'Special Purpose Vehicle Limited Companies' and if so how long IN MONTHS this is.

Yes

Criteria Policy Notes:

Bath Building Society requires personal guarantees from all directors.

Criteria description:

Indicates if we require shareholders in a 'Trading' Limited Company to provide personal guarantees as well as the 'Directors'.

No Maximum

Criteria Policy Notes:

Bath Building Society does not have a maximum age at application for Buy to Let Limited Company applicants.

Criteria description:

Indicates the maximum age an applicant can be at application.

4

Criteria Policy Notes:

Bath Building Society can consider lending to Trading Limited Companies with a maximum of 4 directors. SIC codes 68209 or 68100 are required.

Criteria description:

Indicates the maximum number of applicants we can consider when lending to Trading Limited Companies

4

Criteria Policy Notes:

Bath Building Society can consider applications from Limited Company SPVs with a maximum of 4 directors.

Criteria description:

Indicates the maximum number of applicants we can consider when lending to Special Purpose Vehicle Limited Companies.

Accepted

Criteria Policy Notes:

Bath Building Society can potentially accept Buy to Let applications from Limited Companies where the Limited Company is set up as a Special Purpose Vehicle with SIC codes 68100 or 68209.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from Limited Companies where the Ltd company is set up as a 'Special Purpose Vehicle (SPV)'.

Yes

Criteria Policy Notes:

Bath Building Society requires personal guarantees from shareholders in a Special Purpose Vehicle Limited Company.

Criteria description:

Indicates if we require shareholders in a 'Special Purpose Vehicle' Limited Company to provide personal guarantees as well as the 'Directors'.

No

Criteria Policy Notes:

Not acceptable.

Criteria description:

Indicates if we can potentially use the actual rent received from an existing tenant when it is higher than the valuer's estimate. For example, this situation could arise on remortgage applications where, in the valuer's opinion, the market rent is lower than what the landlord is currently receiving.

No

Criteria Policy Notes:

Not acceptable.

Criteria description:

Indicates if we can potentially use the valuer's estimate when assessing loan affordability even if the actual rent being received is less than the estimate. For example, this situation could arise on remortgage applications where the existing tenant is paying below the market estimate (based on the valuer's rental valuation).

Directors & Shareholders

Criteria Policy Notes:

Bath Building Society requires all shareholders of the Limited Company to be directors; applications where a Limited Company includes shareholders who are not also directors are not acceptable. All directors of the Limited Company must be party to the mortgage.

Criteria description:

Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Special Purpose Vehicle Ltd Companies.

Accepted

Criteria Policy Notes:

Bath Building Society can potentially accept Buy to Let applications from Trading Limited Companies, where it has been trading for 3 years and has SIC codes 68100 or 68209.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from Trading Limited Companies. Trading Limited Companies are companies that are not set up exclusively for the purpose of buying property for example a trading ltd company that sells furniture as its primary function.

Directors & Shareholders

Criteria Policy Notes:

Bath Building Society requires all shareholders of the Limited Company to be directors; applications where a Limited Company includes shareholders who are not also directors are not acceptable. All directors of the Limited Company must be party to the mortgage.

Criteria description:

Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Trading Ltd Companies.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we have a maximum number of bedrooms allowed on HMO properties and if so how many

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates the maximum number of kitchens permitted by us in an HMO property

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we have a minimum square metreage requirement on a single bedroom and if so what it is.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we have a minimum square metreage requirement on a double bedroom and if so what it is.

We do not lend on Multi Unit Freehold Properties

Criteria Policy Notes:

Bath Building Society does not lend on multi unit freehold properties.

Criteria description:

Indicates if there is a minimum square meterage requirement on a single title multi unit property

We do not accept HMO applications months

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we require applicants to have a minimum HMO experience and if so how much (IN MONTHS)

No Minimum months

Criteria Policy Notes:

No minimum experience requirement.

Criteria description:

Indicates if we require a minimum amount of experience (IN MONTHS) if lending to what we consider to be a portfolio landlord.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially allow applicants to Let their Buy to Let property to Students.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to students

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept 'Sale and Rent Back' transactions.

Criteria description:

Indicates if we can potentially accept a sale and rent back transaction where the vendor sells the property (usually at a discount), remains in the property and pays a rent to the new owner.

No Maximum

Criteria Policy Notes:

No maximum whole portfolio must be self financing.

Criteria description:

Indicates if we have a maximum number of mortgages a borrower can have with us or within our group.

75

Criteria Policy Notes:

Refer to lender.

Criteria description:

Indicates if we specify a maximum LTV of all properties owned by the applicants that are mortgaged to them or their group.

1500000

Criteria Policy Notes:

Won't lend over £1.5 million.

Criteria description:

Indicates if we have a maximum exposure limit a borrower can have with us or within our group.

Not Acceptable

Criteria Policy Notes:

Bath Building Society do not accept properties that are to be Let on a Corporate/Company Let basis.

Criteria description:

Indicates if we an potentially consider applications from borrowers that wish to Let the property on a Corporate Let or Company Let

Acceptable

Criteria Policy Notes:

Refer to lender.

Criteria description:

Indicates if we can potentially lend on a property where the adjoining property is also owned by one of the applicants.

75

Criteria Policy Notes:

Refer to lender.

Criteria description:

Indicates if we specify a maximum LTV of all properties owned by the applicants across their entire portfolio. This includes mortgages held with the lender and group and all other mortgages held with other lenders.

80 percentage

Criteria Policy Notes:

Bath Building Society can lend on houses/bungalows to a maximum of 80% LTV

Criteria description:

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a house or bungalow and it is NOT considered a new build.

No Maximum

Criteria Policy Notes:

Bath Building Society has no maximum limit to the number of Buy to Let mortgages applicants hold with other lenders.

Criteria description:

Indicates if there is a maximum number of mortgaged Buy to Let properties and if so how many, an applicant can have in the background.

No

Criteria Policy Notes:

Bath Building Society does not offer offset mortgages.

Criteria description:

Indicates if we can offer Buy to Let offset mortgages (subject to product availability).

Not Available

Criteria Policy Notes:

Bath Building Society does not offer Sharia compliant mortgages.

Criteria description:

Indicates if we can offer Sharia compliant Buy to Let mortgages.

Acceptable

Criteria Policy Notes:

Bath Building Society will accept applications from advisors applying for their own mortgage.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an advisor wishing to apply for his or her own mortgage.

No Minimum months

Criteria Policy Notes:

Bath Building Society has no minimum experience requirement for applicants

Criteria description:

Indicates if we require a minimum amount of experience (IN MONTHS) when lending on Buy to Let applications

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend to Foreign Nationals living overseas.

Criteria description:

Indicates if we can potentially consider applications from foreign nationals living overseas who wish to obtain a BUY TO LET mortgage here in the UK. For example, a Chinese applicant who does not live or work in the UK who wants to purchase property here in the UK on a Buy to Let basis as an investment.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider Buy to Let applications for unemployed applicants

Criteria description:

Indicates if we can potentially consider Buy to Let applications for unemployed applicants.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not accept applications from applicants who are returning to the UK and going straight into self-employment.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who is returning to the UK and going straight into Self-Employment. Critically, indicates if a lender will accept a Self-Employed applicant who is returning from a non UK address to the UK and would essentially have zero UK trading history.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not accept applications from applicants who are returning to the UK and going straight into employment.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who is returning to the UK and going straight into paid employment. Critically, indicates if a lender will accept an employed applicant (with no current minimum length of time in UK employment) who is returning from a non UK address to the UK.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an applicant that is classed as a politically exposed person subject to underwriter discretion.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an applicant from someone acting as a power of attorney.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant that is acting with Power of Attorney.

No Minimum months

Criteria Policy Notes:

Bath Building Society has no minimum length of time applicants need to have been in continuous employment although they must have a 12 month continuous employment history. At least the first month's pay must be evidenced in the bank statements and first month's payslip. We can accept income from applicants currently in a probationary period, although the offer will be conditioned that the applicant has their probation.

Criteria description:

Specifies if there is a minimum number of months (if so how many) employed applicants must have been continuously employed on Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept retrospective new build warranties.

Criteria description:

Indicates if we can potentially lend on properties that have been issued with a retrospective new build warranty. These warranties were specifically not in place during the build phase but taken out at a later date following completion.

Warning:

Underwriter discretion on warranty. Would need to see a copy of the policy upfront

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider applications on properties that have a restricted sale price clause. We can potentially consider these clauses if the restriction falls away if we had to take the property into repossession.

Criteria description:

Indicates if we can potentially offer a Buy to Let mortgage on a property that has a 'Restricted Sale Price' clause.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on leasehold properties where an escalating ground rent clause exists.

Criteria description:

Indicates if we can potentially lend on Buy to Let applications for leasehold properties that have an escalating ground rent clause.

Not Acceptable

Criteria Policy Notes:

We do not accept Buy to Let mortgages on properties that have an EPC rating of 'F' or 'G'

Criteria description:

Indicates if we can potentially offer Buy to Let mortgages on properties that have an EPC rating of 'F' or 'G'

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend of properties that have been underpinned in the last 10 years. Subject to a full structural warranty.

Criteria description:

Indicates if we can potentially lend on properties that have been underpinned in the last 10 years on Buy to Let applications

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a Buy to Let application where the property requires refurbishment before it can be Let.

Criteria description:

Indicates if we can potentially consider Buy to Let applications where refurbishment is required

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider lending on properties that are a timber frame construction dating between 1900 to 1970.

Criteria description:

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

Warning:

Subject to a full structural warranty.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider lending on properties that are a timber frame construction dating between 1900 to 1970. Subject to a full structural warranty.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that are a timber frame construction dating pre 1900.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that are close to a mine shaft.

Criteria description:

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

We do not lend on Ex Local Authority Flats

Criteria Policy Notes:

Bath Building Society does not lend on ex-local authority flats, on Buy to Let applications.

Criteria description:

Indicates if we can potentially lend on a ex-local authority flat/apartments and if so is there a minimum percentage in the block that must be privately owned when assessing Buy to Let applications.

No Maximum

Criteria Policy Notes:

Bath Building Society has no maximum threshold percentage against the property value that the ground rent cannot exceed.

Criteria description:

Indicates if we have a maximum threshold, and if so what it is, that the ground rent on a leasehold property cannot exceed measured against the property value on Buy to Let applications. For example, Applicant 'A' is purchasing a leasehold flat valued at £100,000 that has a ground rent payable annually of £100. This ground rent equates to 0.1% of the property value. Lender 'A' has no maximum threshold on ground rents and therefor Applicant 'A' is able to proceed with a mortgage application on this property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that are owned by a trust.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider joint applications where the property ownership will be as tenancy in common with unequal shares.

Criteria description:

Indicates if we can potentially lend on Buy to Let 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%.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that are subject to a possessory title.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider lending on freehold properties where exists an estate charge for the general upkeep and maintenance of any shared areas.

Criteria description:

Indicates if we can potentially lend on Buy to Let applications for freehold properties where 'Estate Rent Charge' clauses exist.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on leasehold properties where no separate management company exists.

Criteria description:

Indicates if we can potentially lend on Buy to Let applications for leasehold properties where no separate management company exists.

Yes

Criteria Policy Notes:

Bath Building Society can potentially offer Buy to Let mortgages on a transitional arrangement basis.

Criteria description:

Indicates if we can potentially offer Buy to Let mortgages on a transitional arrangement as defined by the FCA under MCOB 11.8

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where the tenant enjoys a 'Protected Tenancy'.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to a tenant who is benefiting from a protected tenancy.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider remortgage applications with capital raising for home improvements on another property owned by the applicant.
This would be agreed on an exception basis and we would require quotes of the works to be completed.

Criteria description:

Indicates if we will allow capital raising for the purpose of home improvements on a property which is NOT the security property on Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider expat applications where the source of deposit does not originate from the UK.

Criteria description:

Indicates if we can accept deposits that have originated outside of the European Economic Area (EEA) as an acceptable source of deposit for Expat Buy to Let applications.

No Maximum

Criteria Policy Notes:

Although we don't have a maximum, it needs to fit income multipliers and affordability. Please note if the debt to income ratio is particularly high it would be referred to underwriters at DIP stage.

Criteria description:

Indicates the maximum potential debt to income (DTI) ratio we might accept for Buy to Let applications. For example, an applicant has outstanding unsecured debts of £26,000 and a salary of £40,000. Therefore their DTI is 65%.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not use the student Let rental valuation for affordability as opposed to the open market rental valuation.

Criteria description:

Indicates if we can potentially use the student Let rental valuation as opposed to the open market valuation to a typical tenant (family, couples, etc)

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising for 'Land Purchase'.

Criteria description:

Indicates if we will allow capital raising for the purpose to purchase land and if so up to what loan to value for Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising to repay their Help to Buy equity loan and then Let the property on a Buy to Let basis with us.

Criteria description:

Indicates if we will allow capital raising on an applicant's current residential property that has a Help to Buy Equity Loan present for the purpose of repaying (IN FULL) their Help to Buy Equity Loan, take their ownership to 100% and then Let the property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising for business purposes.

Criteria description:

Indicates if we can potentially consider a Buy to Let application when the reason for capital raising is considered for 'Business Related Purposes'.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider a Buy to Let application with a maximum of 2 tenancies.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to have multiple tenancies on a Buy to Let property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where the property will be let to an Asylum seeker

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to an Asylum Seeker.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising to purchase a commercial property.

Criteria description:

Indicates if we will allow capital raising for the purpose of purchasing commercial property on Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising to purchase a property overseas.

Criteria description:

Indicates if we will allow capital raising for the purpose of purchasing overseas property on Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where there will be a simultaneous completion of a second charge.

Criteria description:

Indicates if we can potentially accept a Buy to Let application where there will be a simultaneous completion of a second charge.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider Buy to Let remortgage applications where the property is currently the applicants main residence but will now be Let and the applicant will be moving into separate rented accomodation

Criteria description:

Indicates if we will allow an applicant to remortgage their current residential property onto a Buy to Let mortgage and then move into rented accomodation as opposed to purchasing a new main residence.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising to staircase their Shared Ownership property and then Let the property on a Buy to Let basis with us.

Criteria description:

Indicates if we will allow capital raising on an applicant's current shared ownership residential property for the purpose of staircasing to 100% and take their ownership to 100% and then Letting the property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where the property will be Let as a 'Serviced Property'.

Criteria description:

Indicates if we can potentially accept Buy to Let applications on properties that are considered 'Serviced Properties'. These are typically furnished properties that are Let on a short term basis and the rent covers all amenities including the rent.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where the property will be Let to a third party who will in turn Sublet the property.

Criteria description:

Indicates if we can potentially consider Buy to Let applications where the tenant will be (or is) a third party who pays a rent to the applicant and acts as the primary tenant but Sub-Lets the property. This is sometimes referred to as 'Rent to Rent'.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not accept applicants that are financially associated with persons that have adverse credit.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who is financially associated with someone who has adverse credit.

1

Criteria Policy Notes:

Bath Building Society will consider Buy to Let applicants with a maximum status 1 in the last 2 years, satisfied for at least 6 months.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who has mortgage arrears in the past 2 years and if so what is the maximum number of missed payments in the past 2 years that can be accepted.

No Maximum

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with previously satisfied CCJs and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously satisfied CCJs in the past 6 years and Lender 'A' says the maximum number they will allow is 2 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total value and other adverse credit.

1

Criteria Policy Notes:

Maximum status 1 in the last 2 years. (Utilities & mobiles ignored up to £250)

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who has unsecured arrears in the past 2 years and if so what is the maximum number of missed payments in the past 2 years that can be accepted.

36 months

Criteria Policy Notes:

Bath Building Society will not consider applicants with any mortgage arrears on their credit file within the last 3 years.

Criteria description:

Indicates if we can potentially ignore mortgage arrears that are historic and if so at what point they can potentially be ignored when assessing Buy to Let mortgage applications.

Potentially Ignored

Criteria Policy Notes:

Satisfied over 2 years.

Criteria description:

Indicates if we can potentially ignore Defaults that were registered more than 36 months ago on Buy to Let applications. 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.

0

Criteria Policy Notes:

Bath Building Society will not consider applicants with unsatisfied Defaults.

Criteria description:

Indicates if we can potentially consider Buy to Let applications from applicants with unsatisfied Defaults and if so what the maximum allowable value of all registered against an applicant is. For example, applicant 'A' has 3 unsatisfied Defaults in the past 6 years totaling £1,230 and Lender 'A' says the maximum value they will allow is £500 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total number registered and other adverse credit registered against the applicant.

0

Criteria Policy Notes:

Bath Building Society will not consider applicants with unsatisfied CCJs.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with unsatisfied CCJs and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously unsatisfied CCJs in the past 6 years and Lender 'A' says the maximum number they will allow is 2 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total value and other adverse credit.

Not Acceptable years

Criteria Policy Notes:

Bath Building Society does not accept applicants that are named on the CIFAS register.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant that is on the CIFAS register and if so, what time must have passed in order for them to be potentially accepted by the lender for a new mortgage application.

Potentially Acceptable

Criteria Policy Notes:

Satisfied over 2 years.

Criteria description:

Indicates if we can potentially accept applicants that have had any Defaults registered more than 24 months ago and less than 36 months ago on Buy to Let applications. 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.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have had Defaults registered more than 12 months ago and less than 24 months ago on Buy to Let applications.

Criteria description:

Indicates if we can potentially accept applicants that have had any Defaults registered more than 12 months ago and less than 24 months ago on Buy to Let applications. 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.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have had Defaults registered more than 3 months ago and less than 12 months ago on Buy to Let applications.

Criteria description:

Indicates if we can potentially accept applicants that have had any Defaults registered more than 3 months ago and less than 12 months ago on Buy to Let applications. 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.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have had Defaults registered in the past 3 months on Buy to Let applications.

Criteria description:

Indicates if we can potentially accept applicants that have had any Defaults registered in the past 3 months on Buy to Let applications.. 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.

0

Criteria Policy Notes:

Bath Building Society will not consider applicants with unsatisfied Defaults.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with unsatisfied Defaults and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously unsatisfied Defaults in the past 6 years and Lender 'A' says the maximum number they will allow is 2 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total value and other adverse credit.

No Maximum

Criteria Policy Notes:

Satisfied over 2 years.

Criteria description:

Indicates if we can potentially consider Buy to Let applications from applicants with previously satisfied Defaults and if so what the maximum allowable value of all registered against an applicant is. For example, applicant 'A' has 3 previously satisfied Defaults in the past 6 years totaling £1,230 and Lender 'A' says the maximum value they will allow is £500 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total number registered and other adverse credit registered against the applicant.

No Maximum

Criteria Policy Notes:

Satisfied over 2 years.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with previously satisfied Defaults and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously satisfied Defaults in the past 6 years and Lender 'A' says the maximum number they will allow is 2 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total value and other adverse credit.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have an arrangement to pay registered on their credit file.

Criteria description:

Indicates if we can potentially accept applicants that have an arrangement to pay registered on their credit file on Buy to Let applications.

0

Criteria Policy Notes:

Bath Building Society will not consider applicants with unsatisfied CCJs.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with unsatisfied CCJs and if so what the maximum allowable value of all registered against an applicant is. For example, applicant 'A' has 3 unsatisfied CCJs in the past 6 years totaling £1,230 and Lender 'A' says the maximum value they will allow is £500 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total number registered and other adverse credit registered against the applicant.

Potentially Ignored

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially ignore CCJs that were registered more than 36 months ago on Buy to Let applications. 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.

Potentially Acceptable

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially accept applicants that have had any CCJs registered more than 24 months ago and less than 36 months ago on Buy to Let applications. 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.

Potentially Acceptable

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially accept applicants that have had any CCJs registered more than 12 months ago and less than 24 months ago on Buy to Let applications. 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.

Potentially Acceptable

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially accept applicants that have had any CCJs registered more than 3 months ago and less than 12 months ago on Buy to Let applications. 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.

Potentially Acceptable

Criteria Policy Notes:

Bath Building Society will consider applicants that have had CCJs registered in the past 3 months on Buy to Let applications. Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially accept applicants that have had any CCJs registered in the past 3 months on Buy to Let applications.. 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.

Yes

Criteria Policy Notes:

Utilities & mobiles ignored up to £250.

Criteria description:

Indicates if we can potentially ignore telecommunications adverse credit on Buy to Let applications.

500

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially consider Buy to Let applications from applicants with previously satisfied CCJs and if so what the maximum allowable value of all registered against an applicant is. For example, applicant 'A' has 3 previously satisfied CCJs in the past 6 years totaling £1,230 and Lender 'A' says the maximum value they will allow is £500 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total number registered and other adverse credit registered against the applicant.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we can potentially consider an HMO application without a communal area in the property

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we can potentially use the HMO rental valuation as opposed to standard AST valuation for HMO applications

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have recurring gambling transactions

Criteria description:

Indicates if we can potentially consider applicants with recurrent gambling transactions on BTL applications

We do not lend to foreign nationals on a visa

Criteria Policy Notes:

Bath Building Society will not consider an applicant on a visa

Criteria description:

Indicates if we can consider an applicant on a visa and if so what is the minimum requirement (in MONTHS) that the applicant must have remaining on BTL applications

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applicants that have criminal convictions.

Criteria description:

Indicates if we can potentially accept applicants that have a criminal record.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept expat applications at this time.

Criteria description:

Indicates if we can potentially consider applications from expat borrowers that wish to Let the property on a Holiday Let basis.

Acceptable

Criteria Policy Notes:

Bath Building Society will consider lending on a basement flat.

Criteria description:

Indicates if we can potentially lend on a basement flat

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is extending a lease

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is extending a lease

15

Criteria Policy Notes:

Accepts flying freehold up to a maximum gross floor area of 15%.

Criteria description:

Indicates the maximum percentage of gross floor area the flying freehold part covers that can be considered by us

Warning:

Agreed on a case by case basis.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application where the splitting of a title deed will take place on completion

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on flats in a tower block that has cladding. There must be a valid EWS1 form, with a result of A1, A2 or B1. We can consider flats up to 4 storeys with no lift access and up to 6 storeys with lift access.

Criteria description:

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

Warning:

Will require an EWS1 form with a result of A1, A2 or B1.

Yes

Criteria Policy Notes:

Bath Building Society will not lend on properties with combustible cladding or materials on balconies without a valid EWS1 form, with a result of A1, A2 or B1.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a Limited Company Buy to Let application from a layered Limited Company.

Criteria description:

Indicates if we will consider a Limited Company Buy to Let application from a layered Ltd Company

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a Buy to Let application where the applicant will purchase a new build property and rent back to the builders as a show home

Criteria description:

Indicates if we can potentially consider a Buy to Let application where the applicant will purchase a new build property and rent back to the builders as a show home

Acceptable

Criteria Policy Notes:

Bath Building Society accepts ICW as an acceptable new build warranty

Criteria description:

Indicates if we can potentially accept ICW as an acceptable new build warranty

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application on a converted church.

Please note that we do not consider flats converted from commercial premises.

Criteria description:

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

Yes

Criteria Policy Notes:

Bath Building Society may require BOPAS accreditation for non-standard construction where the construction type is acceptable to us

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is British Iron and Steel Federation (BISF) must be build post 1987

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on Dutch Barn properties

Criteria description:

Indicates if we can potentially consider Dutch Barn properties

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is Insulating concrete form (ICF)

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is Off site manufactured (MMC)

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on a Potton Home property

Criteria description:

Indicates if we can potentially consider Potton Home properties

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on single skin properties

Criteria description:

Indicates if we can potentially consider single skin properties

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is Structural Insulated Panel Solutions (SIPs).

Criteria description:

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

Warning:

Subject to being BOPAS accredited

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on a wholly timbered property

Criteria description:

Indicates if we can potentially consider wholly timbered property

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on a woolaway property

Criteria description:

Indicates if we can potentially consider a woolaway property

Warning:

If repaired with the benefit of NHBC or Zurich warranty.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on coach houses

Criteria description:

Indicates if we can potentially consider a coach house property

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application on an ex MOD property

Criteria description:

Indicates if we can consider lending on an ex MOD property on a buy to let application.

Warning:

Please refer to lender.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties where the construction type is Large Panel System (LPS)

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a property with an Overage Clause

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider a property with shared access or shared services

Criteria description:

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

Warning:

PLEASE NOTE WE CANNOT CONSIDER SHARED ACCESS WITH FAMILY MEMBERS

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider a property with unadopted roads

Criteria description:

Indicates if we can potentially consider a property with unadopted roads

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider capital raising on a remortgage where the purpose of the funds is personal investments

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is personal investments

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider capital raising on a remortgage where the purpose of the funds is lifestyle (holidays, car's, non essential spending etc)

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is lifestyle (holidays, car's, non essential spending etc)

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is medical expenses. This is subject to underwriter referral.

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is medical expenses

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is education or school fees

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is education or school fees

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising for a BTL property where a property is not yet found

Criteria description:

Indicates if we can potentially consider remortgage applications with capital raising for a BTL property where the property has not yet been found. Essentially they want to put themselves in the position of a cash buyer with the funds accessible ready for when they find their property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where a Guaranteed Rental Scheme will be set up

Criteria description:

Indicates if a we will consider applications on a Guaranteed Rent Scheme

Acceptable

Criteria Policy Notes:

Maximum status 1 in the last 2 years

Criteria description:

Indicates if a we can potentially consider buy to let applications from applicants who have a history of late payments (NOT REGISTERED AS MISSED) on any credit agreements they hold.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that hold a family visa.

Criteria description:

Indicates if we can potentially consider applicants who hold a Family Visa. Types of Family Visas are spouse or partner, fiancé, fiancée or proposed civil partner, child, parent or relative who’ll provide long-term care for you.

Acceptable

Criteria Policy Notes:

Bath Building Society can accept Debt Relief Orders if the applicant has been clear for at least 3 years

Criteria description:

Indicates if we can consider an applicant with a satisfied debt relief order

Acceptable

Criteria Policy Notes:

Bath Building Society will consider a Buy to Let application where the property will be purchased at auction

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not offer mortgages with split term durations

Criteria description:

Indicates if we can potentially consider an application with a split term. For example, an applicant wishes to take one part of their mortgage over 25 years and another part over 10 years.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications on a sole application joint proprietor basis

Criteria description:

Indicates if we can potentially consider applications on a sole application joint proprietor basis. This is where a property will be jointly owned but only one person will be named on the mortgage and is distinctly different to the more common Joint Application Sole Proprietor where only one party would own the property but there are two named on the mortgage.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application from an inter-family sale with no discount being offered

Criteria description:

Indicates if we can consider an inter-family buy to let application with no discount being offered

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a remortgage application where an existing HMO property will be converted to a standard residence.

Criteria description:

Indicates if we can potentially consider a remortgage application where an existing HMO will be converted back to a standard residence

Acceptable

Criteria Policy Notes:

Bath Building Society can consider applications where the deposit is from an intercompany loan if the directorships and shareholdings match.

Criteria description:

Indicates if we consider a Limited Company Buy to Let application where the source of deposit is from applicants other company

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept a private local authority search for a purchase application

Criteria description:

Indicates if we can potentially accept a private local authority search for a purchase application

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept a private local authority search for a remortgage application

Criteria description:

Indicates if we can potentially accept a private local authority search for a remortgage application

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept ‘no-search indemnity insurance’ for a purchase application

Criteria description:

Indicates if we can potentially accept ‘no-search indemnity insurance’ for a purchase application

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept ‘no-search indemnity insurance’ for a remortgage application

Criteria description:

Indicates if we can potentially accept ‘no-search indemnity insurance’ for a remortgage application

Acceptable

Criteria Policy Notes:

Bath Building Society does lend to EU Nationals with a ‘pre-settled status’ under the EU Settlement Scheme

Criteria description:

Indicates if we can potentially consider buy to let applications from EU Nationals with a ‘pre-settled status’ under the EU Settlement Scheme

Acceptable

Criteria Policy Notes:

Bath Building Society does lend to EU Nationals with a ‘settled status’ under the EU Settlement Scheme.

Criteria description:

Indicates if we can potentially consider buy to let applications from EU Nationals with a ‘settled status’ under the EU Settlement Scheme

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to consider a Green Mortgage buy to let application

Criteria description:

Indicates if we can potentially accept a Green Mortgage buy to let application.

No

Criteria Policy Notes:

Bath Building Society does not allow fees to be added where it means the lending loan to value limits will be exceeded.

Criteria description:

Indicates if we allow borrowers to add the arrangement fee (where one is payable) to the mortgage advance where this will mean the max lending policy loan to value will be exceeded.

No

Criteria Policy Notes:

Bath Building Society does not allow fees to be added where it means the product loan to value limits will be exceeded.

Criteria description:

Indicates if we allow borrowers to add the arrangement fee (where one is payable) to the mortgage advance where this will mean the product loan to value will be exceeded.

1

Criteria Policy Notes:

We underwrite all cases manually and use Experian as a credit agency.

Criteria description:

Indicates the number of credit reference agencies we may use during the entire application process.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that border class A1 commercial premises.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that border class A2 commercial premises.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that border class A3 commercial premises.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that border class A4 commercial premises.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that have overhead power lines running above them. If the line do not run directly over the property we can potentially consider a case, subject to underwriter referral at DIP stage and valuer's comments.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that are classified as a Grade 2 Listed Building.

Criteria description:

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.

Warning:

Refer to lender.
Assessed on a case by case basis

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that are classified as a Grade 1 Listed Building.

Criteria description:

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.

Warning:

Refer to lender.
Assessed on a case by case basis

80 percentage

Criteria Policy Notes:

Bath Building Society has a maximum LTV of 80% when remortgaging with capital raising to repay their residential mortgage.

Criteria description:

Indicates the maximum loan to value (LTV) we can accept where the BTL remortgage purpose is to repay the customer's residential mortgage.

Not Acceptable

Criteria Policy Notes:

The applicant must be an owner-occupier.

Criteria description:

Indicates if we will allow an applicant to remortgage their current residential property onto a Buy to Let mortgage and then move in with family as opposed to purchasing a new main residence.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on cornish construction properties.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties with agricultural restrictions.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties with spray foam insulation.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept deposits where the source is a loan from immediate family

Criteria description:

Indicates if we can accept a loan from an immediate family member as an acceptable source of deposit on a buy to let application.

80 percentage

Criteria Policy Notes:

Bath Building Society will consider a maximum loan to value of 80% for capital raising for gifting money subject to underwriter approval at DIP stage.

Criteria description:

Indicates if we are able, and if so to what loan to value, accept BTL remortgages where the purpose is to raise money to make a gift (for example to children to help with school fees etc or where parent(s) might want to help their children buy their first home).

80 percentage

Criteria Policy Notes:

80% LTV

Criteria description:

Indicates the maximum loan to value (LTV) we can accept where the BTL remortgage purpose is to raise funds to buy out a partner or other borrower.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider an applicant who is not on electoral register. Subject to explanation and proof of address.

Criteria description:

Indicates if we will consider a buy to let application for an applicant who is not on the electoral register

Warning:

Subject to explanation and proof of address.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept a redundancy payment as an acceptable source of deposit.

Criteria description:

Indicates whether or not we will accept a redundancy payment as an acceptable source of deposit on a BTL application.

Warning:

Subject to this being from a previous employment, and current employment meeting our criteria.

No Maximum years

Criteria Policy Notes:

No maximum age for BTL borrowers.

Criteria description:

Specifies the maximum age we can potentially consider on a but to let application for a self employed borrower

ICR based

Criteria Policy Notes:

Basic rate taxpayer - Rent must cover a minimum of 125% of pay rate + 2% but must never be less than 5.5%*
High-rate taxpayer - Rent must cover a minimum of 145% of pay rate + 2% but must never be less than 5.5%*

*If the interest rate is fixed for a period of 5 years or more, rent must cover 125/145% of pay rate

Criteria description:

This relates to the potential rental calculation we will apply.

does not offer HMO BTL

Criteria Policy Notes:

Bath Building Society does not accept HMO applications

Criteria description:

This relates to the potential rental calculation we will apply.

ICR based

Criteria Policy Notes:

Rent must cover a minimum of 125% of pay rate + 2% but must never be less than 5.5%. If the interest rate is fixed for a period of 5 years or more, rent must cover 125% of pay rate.

Criteria description:

This relates to the potential rental calculation we will apply.

No

Criteria Policy Notes:

Bath Building Society does not allow post offer changes.

Criteria description:

Indicates if we will allow post-offer changes

Yes

Criteria Policy Notes:

Bath Building Society can consider a BTL application with an absentee freeholder providing the solicitor confirms indemnity insurance would fully protect.

Criteria description:

Indicates if we can potentially assist with a BTL application where there is an absentee freeholder.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider remortgage applications with capital raising to purchase a share of the freehold.

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is to purchase a share of the freehold

2

Criteria Policy Notes:

Bath Building Society can consider applications where there are 2 tenants on the Assured Periodic Tenancy (APT).

Criteria description:

Indicates the maximum number of tenants permitted by us on a single Assured Periodic Tenancy

2

Criteria Policy Notes:

Bath Building Society will allow up to 2 students on a single APT

Criteria description:

Indicates the maximum number of students we can consider on a single APT

36 months

Criteria Policy Notes:

3 years minimum

Criteria description:

This is the required number of months we specify a client has to have had a UK address history for.

Acceptable

Criteria Policy Notes:

Bath Building Society will accept applications from advisors applying for their own mortgage.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an advisor wishing to apply for his or her own mortgage.

No Maximum years

Criteria Policy Notes:

No max for buy to lets

Criteria description:

Indicates the absolute maximum age we will lend to.

No Maximum years

Criteria Policy Notes:

No maximum age for BTL borrowers.

Criteria description:

Specifies the maximum age we can potentially consider on a but to let application for a self employed borrower

21 years

Criteria Policy Notes:

21 for Buy to Let applications

Criteria description:

The minimum age we will accept when assessing an applicant.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider an applicant who is not on electoral register. Subject to explanation and proof of address.

Criteria description:

Indicates if we will consider a buy to let application for an applicant who is not on the electoral register

Warning:

Subject to explanation and proof of address.

No

Criteria Policy Notes:

Bath Building Society does not allow fees to be added where it means the lending loan to value limits will be exceeded.

Criteria description:

Indicates if we allow borrowers to add the arrangement fee (where one is payable) to the mortgage advance where this will mean the max lending policy loan to value will be exceeded.

No

Criteria Policy Notes:

Bath Building Society does not allow fees to be added where it means the product loan to value limits will be exceeded.

Criteria description:

Indicates if we allow borrowers to add the arrangement fee (where one is payable) to the mortgage advance where this will mean the product loan to value will be exceeded.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have an arrangement to pay registered on their credit file.

Criteria description:

Indicates if we can potentially accept applicants that have an arrangement to pay registered on their credit file on Buy to Let applications.

Acceptable

Criteria Policy Notes:

Maximum status 1 in the last 2 years and must be satisfied for at least 6 months.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from applicants that have a history of mortgage or secured loan arrears.

Acceptable

Criteria Policy Notes:

Maximum status 1 in the last 2 years (Utilities & mobiles ignored up to £250).

Criteria description:

Indicates if we are able to potentially accept Buy to Let applications where one or more applicant(s) has a history of unsecured loan arrears.

Acceptable

Criteria Policy Notes:

Bath Building Society does accept back to back remortgages of this nature providing the original transaction is fully registered at Land Registry.

Criteria description:

Back to back is typically where the vendor has owned the property for less than six months, or remortgages where they've owned the property for less than six months.

Back to Back (Remortgage - Bridging) indicates if we will accept applications where the customer has funded the purchase from a bridging loan and now wish to mortgage the property.

Acceptable

Criteria Policy Notes:

Bath Building Society does accept back to back remortgages of this nature providing the original transaction is fully registered at Land Registry.

Criteria description:

Back to back is typically where the vendor has owned the property for less than six months, or remortgages where they've owned the property for less than six months.

Back to back (Remortgage - Customer Funded) indicates if a we will accept applications where the customer has funded the purchase from their own funds and now wish to mortgage the property with a Buy to Let mortgage typically within 6 months of ownership. For example Josh recently purchased a property at auction and now wants to remortgage the property to release funds.

Acceptable

Criteria Policy Notes:

Bath Building Society does accept back to back remortgages of this nature providing the original transaction is fully registered at Land Registry. The LTV will be based on the original purchase price unless evidence of refurbishment is seen and there must also be a plausible reason for the transaction.

Criteria description:

Back to back (Remortgage - Inherited) indicates if we can accept applications where the customer has inherited a property and now wish to mortgage it on a Buy to Let basis typically within 6 months of ownership.

Potentially Acceptable

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially accept applicants that have had any CCJs registered more than 12 months ago and less than 24 months ago on Buy to Let applications. 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.

Potentially Acceptable

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially accept applicants that have had any CCJs registered more than 24 months ago and less than 36 months ago on Buy to Let applications. 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.

Potentially Acceptable

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially accept applicants that have had any CCJs registered more than 3 months ago and less than 12 months ago on Buy to Let applications. 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.

Potentially Acceptable

Criteria Policy Notes:

Bath Building Society will consider applicants that have had CCJs registered in the past 3 months on Buy to Let applications. Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially accept applicants that have had any CCJs registered in the past 3 months on Buy to Let applications.. 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.

Potentially Ignored

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially ignore CCJs that were registered more than 36 months ago on Buy to Let applications. 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.

No

Criteria Policy Notes:

Bath Building Society does not consider earned income in affordability assessment.

Criteria description:

Indicates if we can potentially consider applicants earned income in addition to the rental income for a property when calculating the maximum mortgage that can be borrowed.

Yes

Criteria Policy Notes:

Bath Building Society can consider mortgage offer extensions. If an extension of over 1 month is required to an offer it would be offered on new rates applicable at the time of re-offer. A letter of ‘no material change’ will be required. An up-to-date credit search should be obtained. An up-to-date valuation, or confirmation from the valuer that we may still rely on the report will be required.

Criteria description:

Indicates if we can potentially extend a clients mortgage offer beyond the standard expiry.

No

Criteria Policy Notes:

Not acceptable.

Criteria description:

Indicates if we can potentially use the actual rent received from an existing tenant when it is higher than the valuer's estimate. For example, this situation could arise on remortgage applications where, in the valuer's opinion, the market rent is lower than what the landlord is currently receiving.

No

Criteria Policy Notes:

Not acceptable.

Criteria description:

Indicates if we can potentially use the valuer's estimate when assessing loan affordability even if the actual rent being received is less than the estimate. For example, this situation could arise on remortgage applications where the existing tenant is paying below the market estimate (based on the valuer's rental valuation).

ICR based

Criteria Policy Notes:

Rent must cover a minimum of 125% of pay rate + 2% but must never be less than 5.5%. If the interest rate is fixed for a period of 5 years or more, rent must cover 125% of pay rate.

Criteria description:

This relates to the potential rental calculation we will apply.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept applicants classed as a 'Consumer Buy to Let (CBTL)'

Criteria description:

Indicates if we can lend when we consider the transaction to be a 'Consumer Buy to Let (CBTL)' and what our definition of a consumer buy to let is. A CBTL is often referred to as an accidental landlord.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applications where contract reassignment exists

Criteria description:

Indicates if we can potentially accept a situation whereby the purchaser is looking to buy a new build property from a third party (not the builder/developer). An example of this is whereby a third party has secured the property off plan and exchanged contracts but has not completed. They then sell the contract to a new purchaser. This is known as 'contract reassignment'. Sometimes this is for a premium of the original purchase price and sometimes it is without a premium.

No

Criteria Policy Notes:

Bath Building Society does not use Equifax as a credit reference agency when assessing applications.

Criteria description:

Indicates if we use Equifax as a credit reference agency when assessing applications.

Yes

Criteria Policy Notes:

Bath Building Society uses Experian as a credit reference agency when assessing applications.

Criteria description:

Indicates if we use Experian as a credit reference agency when assessing Buy to Let applications.

no

Criteria Policy Notes:

Bath Building Society does not use Callcredit as a credit reference agency when assessing applications

Criteria description:

Indicates if we use Transunion (formerly Callcredit) as a credit reference agency when assessing applications.

No

Criteria Policy Notes:

We credit search but not credit score. Manual underwriting applies

Criteria description:

Indicates if we use 'credit scoring' to assess a client(s) mortgage application usually at agreement in principle (AIP) stage.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applicants that have criminal convictions.

Criteria description:

Indicates if we can potentially accept applicants that have a criminal record.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applicants who have a current/unsatisfied debt management plan.

Criteria description:

Indicates if we can potentially accept a Buy to Let application from an applicant who is currently in a debt management plan.

Acceptable

Criteria Policy Notes:

Must be satisfied for over 2 years.

Criteria description:

Indicates if we can potentially accept a Buy to Let application from an applicant who has previously had a debt management plan that is now satisfied.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applicants with a current payday loan.

Criteria description:

Indicates if we can potentially accept a Buy to Let application from a borrower who is currently in a payday loan credit agreement

Acceptable

Criteria Policy Notes:

Bath Building Society does accept applicants that have had a previous payday loan must be clear for at least 12 months

Criteria description:

Indicates if we can potentially accept a Buy to Let application from a borrower who has had a payday loan in the past but is not currently in a payday loan credit agreement.

Acceptable

Criteria Policy Notes:

Bath Building Society can accept Debt Relief Orders if the applicant has been clear for at least 3 years

Criteria description:

Indicates if we can consider an applicant with a satisfied debt relief order

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have had Defaults registered more than 12 months ago and less than 24 months ago on Buy to Let applications.

Criteria description:

Indicates if we can potentially accept applicants that have had any Defaults registered more than 12 months ago and less than 24 months ago on Buy to Let applications. 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.

Potentially Acceptable

Criteria Policy Notes:

Satisfied over 2 years.

Criteria description:

Indicates if we can potentially accept applicants that have had any Defaults registered more than 24 months ago and less than 36 months ago on Buy to Let applications. 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.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have had Defaults registered more than 3 months ago and less than 12 months ago on Buy to Let applications.

Criteria description:

Indicates if we can potentially accept applicants that have had any Defaults registered more than 3 months ago and less than 12 months ago on Buy to Let applications. 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.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have had Defaults registered in the past 3 months on Buy to Let applications.

Criteria description:

Indicates if we can potentially accept applicants that have had any Defaults registered in the past 3 months on Buy to Let applications.. 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.

Potentially Ignored

Criteria Policy Notes:

Satisfied over 2 years.

Criteria description:

Indicates if we can potentially ignore Defaults that were registered more than 36 months ago on Buy to Let applications. 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.

3 years

Criteria Policy Notes:

Bath Building Society can potentially accept a discharged bankrupt if the bankruptcy has been satisfied for over 3 years.

Criteria description:

Displays if we can accept discharged bankrupts on Buy to Let applications and if so how long a client has to have been discharged for.

Acceptable

Criteria Policy Notes:

Bath Building Society does lend to EU Nationals with a ‘pre-settled status’ under the EU Settlement Scheme

Criteria description:

Indicates if we can potentially consider buy to let applications from EU Nationals with a ‘pre-settled status’ under the EU Settlement Scheme

Acceptable

Criteria Policy Notes:

Bath Building Society does lend to EU Nationals with a ‘settled status’ under the EU Settlement Scheme.

Criteria description:

Indicates if we can potentially consider buy to let applications from EU Nationals with a ‘settled status’ under the EU Settlement Scheme

Not Acceptable

Criteria Policy Notes:

We do not accept Buy to Let mortgages on properties that have an EPC rating of 'F' or 'G'

Criteria description:

Indicates if we can potentially offer Buy to Let mortgages on properties that have an EPC rating of 'F' or 'G'

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on leasehold properties where an escalating ground rent clause exists.

Criteria description:

Indicates if we can potentially lend on Buy to Let applications for leasehold properties that have an escalating ground rent clause.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider lending on freehold properties where exists an estate charge for the general upkeep and maintenance of any shared areas.

Criteria description:

Indicates if we can potentially lend on Buy to Let applications for freehold properties where 'Estate Rent Charge' clauses exist.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application on an ex MOD property

Criteria description:

Indicates if we can consider lending on an ex MOD property on a buy to let application.

Warning:

Please refer to lender.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider expat applications where the source of deposit does not originate from the UK.

Criteria description:

Indicates if we can accept deposits that have originated outside of the European Economic Area (EEA) as an acceptable source of deposit for Expat Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Expat Buy to Let business.

Criteria description:

Indicates if we can potentially consider Buy to Let applications from expats.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Buy to Let mortgages from Expat applicants where the property will be Let to Family Member(s)

Criteria description:

Indicates if we can consider expat buy to let applications where the intention is to Let to a family member

We do not accept Expat Buy to Let applications

Criteria Policy Notes:

Bath Building Society does not accept Ex-pat applications.

Criteria description:

Indicates if we require expats to have a UK credit profile

We do not accept Expat Buy to Let applications

Criteria Policy Notes:

Bath Building Society does not accept Ex-Pat applications.

Criteria description:

Indicates if we have a minimum income requirement when assessing expat applications and if so what is it

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept expat applications at this time.

Criteria description:

Indicates if we can potentially consider applications from expat borrowers that wish to Let the property on a Holiday Let basis.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not accept applicants that are financially associated with persons that have adverse credit.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who is financially associated with someone who has adverse credit.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Buy to Let applications from 'First Time Buyers'

Criteria description:

Indicates if we can potentially consider applications from First Time Buyers.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept Buy to Let applications from 'First Time Landlords'.

Criteria description:

Indicates if we can potentially consider applications from First Time Landlords.

80 percentage

Criteria Policy Notes:

Bath Building Society can lend on New build flats and maisonettes to a maximum of 80% LTV

Criteria description:

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a NEW BUILD flat or NEW BUILD maisonette.

80 percentage

Criteria Policy Notes:

Bath Building Society can lend on flats and maisonettes to a maximum of 80% LTV

Please note we do not lend on converted office premises.

Criteria description:

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a flat or maisonette and it is NOT considered a new build.

15

Criteria Policy Notes:

Accepts flying freehold up to a maximum gross floor area of 15%.

Criteria description:

Indicates the maximum percentage of gross floor area the flying freehold part covers that can be considered by us

Warning:

Agreed on a case by case basis.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend to Foreign Nationals living overseas.

Criteria description:

Indicates if we can potentially consider applications from foreign nationals living overseas who wish to obtain a BUY TO LET mortgage here in the UK. For example, a Chinese applicant who does not live or work in the UK who wants to purchase property here in the UK on a Buy to Let basis as an investment.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applications from foreign nationals that do not have indefinite leave to remain

Criteria description:

Indicates if we are potentially able to accept applications from foreign nationals that DO NOT have indefinite leave to remain.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider applications from foreign nationals WITH indefinite leave to remain

Criteria description:

Indicates if we are potentially able to accept applications from foreign nationals that have indefinite leave to remain.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept applications from 'Full Time Landlords'.

Criteria description:

Indicates if we can potentially lend to what we consider to be professional landlords. Typically a professional landlord is an applicant whose main income source is from their rental income from property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that have recurring gambling transactions

Criteria description:

Indicates if we can potentially consider applicants with recurrent gambling transactions on BTL applications

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to consider a Green Mortgage buy to let application

Criteria description:

Indicates if we can potentially accept a Green Mortgage buy to let application.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where a Guaranteed Rental Scheme will be set up

Criteria description:

Indicates if a we will consider applications on a Guaranteed Rent Scheme

does not offer HMO BTL

Criteria Policy Notes:

Bath Building Society does not accept HMO applications

Criteria description:

This relates to the potential rental calculation we will apply.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we can consider a Buy to Let application on an HMO property from a first time landlord.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates the maximum LTV we can consider for Buy to Let applications on HMO properties

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we have a maximum number of bedrooms allowed on HMO properties and if so how many

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates the maximum number of kitchens permitted by us in an HMO property

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates the maximum number of storeys permitted on HMO properties.

We do not accept HMO applications months

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we require applicants to have a minimum HMO experience and if so how much (IN MONTHS)

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we have a minimum square metreage requirement on a double bedroom and if so what it is.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we specify a minimum property value for HMO properties and if so what it is.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we have a minimum square metreage requirement on a single bedroom and if so what it is.

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we can potentially accept Buy to Let applications on Houses of Multiple Occupation (HMOs) that are 'unlicensed'

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we can potentially use the HMO rental valuation as opposed to standard AST valuation for HMO applications

We do not accept HMO applications

Criteria Policy Notes:

Bath Building Society does not accept HMO applications.

Criteria description:

Indicates if we can potentially consider an HMO application without a communal area in the property

Not Acceptable years

Criteria Policy Notes:

Bath Building Society does not accept applicants that are named on the CIFAS register.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant that is on the CIFAS register and if so, what time must have passed in order for them to be potentially accepted by the lender for a new mortgage application.

Acceptable

Criteria Policy Notes:

Bath Building Society will accept Holiday Lets properties on our specific Holiday Let products. A minimum personal income of £20,000.00 is needed.

Holiday Lets in Scotland will need to have a a valid licence or undertake to obtain one on any new purchase.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property on a Holiday Let basis.

Warning:

Holiday Let sites not acceptable.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on 'Houses of Multiple Occupation (HMO)'.

Criteria description:

Indicates if we can potentially accept Buy to Let applications on Houses of Multiple Occupation (HMOs)

80 percentage

Criteria Policy Notes:

Bath Building Society can potentially lend up to 80% on new build houses/bungalows.

Criteria description:

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a NEW BUILD house/bungalow.

80 percentage

Criteria Policy Notes:

Bath Building Society can lend on houses/bungalows to a maximum of 80% LTV

Criteria description:

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a house or bungalow and it is NOT considered a new build.

Acceptable

Criteria Policy Notes:

Satisfied for over 3 years.

Criteria description:

Specifies if we are able to potentially consider a Buy to Let application from an applicant who has previously had an Individual Voluntary Arrangement (IVA) registered against them.

IMPORTANT NOTE: An IVA usually stays on the credit file for 6 years from the date it was REGISTERED not from the date it was satisfied which typically occurs 5 years after the date the IVA was entered into (the registered date). This is important because some lenders will specify how long it must have been satisfied for and others will use how long ago it was registered.

This criteria displays if a person who has had an IVA can be considered on a general level but you should read the policy notes and related criteria carefully to dig deeper with regard your clients specific situation.

3 years

Criteria Policy Notes:

Satisfied for over 3 years.

Criteria description:

Displays if we accept Buy to Let applications from borrowers who have had an IVA and if so how many years it must have been satisfied for. An IVA is satisfied when the payment plan has been completed.

IMPORTANT NOTE: An IVA usually stays on the credit file for 6 years from the date it was REGISTERED not from the date it was satisfied which typically occurs 5 years after the date the IVA was entered into (the registered date). This is important because some lenders will specify how long it must have been satisfied for and others will use how long ago it was registered.

This criteria displays how long ago it must have been satisfied so you should read the policy notes carefully to check if the lenders specifies how long ago it must have been registered.

3 years

Criteria Policy Notes:

Registered over 3 years ago.

Criteria description:

Displays if we accept Buy to Let applications from borrowers who have had an IVA and if so how many years ago it must have been registered. An IVA is registered when a payment plan is agreed with the creditors.

IMPORTANT NOTE: An IVA usually stays on the credit file for 6 years from the date it was REGISTERED not from the date it was satisfied which typically occurs 5 years after the date the IVA was entered into (the registered date). This is important because some lenders will specify how long it must have been satisfied for and others will use how long ago it was registered.

This criteria displays how long ago it must have been registered so you must read the policy notes carefully to check if the lender specifies how long ago it must have been satisfied as well.

Warning:

Must have been satisfied for at least 3 years

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application from an inter-family sale with no discount being offered

Criteria description:

Indicates if we can consider an inter-family buy to let application with no discount being offered

Acceptable

Criteria Policy Notes:

If Japanese Knotweed or any other invasive species is identified within 7 metres of the property, the application may be declined.

The Underwriter will have discretion to proceed subject to a suitable eradication program being in place with a member of the Property Care Association (PCA) with an insurance backed warranty

Criteria description:

Specifies if we are able to potentially accept applications where there is evidence of Japanese knotweed at the property or near the property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applications on a joint application sole proprietor basis.

Criteria description:

Indicates if we will accept applications from joint borrowers where only ONE applicant will OWN the property.

Acceptable

Criteria Policy Notes:

Maximum status 1 in the last 2 years

Criteria description:

Indicates if a we can potentially consider buy to let applications from applicants who have a history of late payments (NOT REGISTERED AS MISSED) on any credit agreements they hold.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a Limited Company Buy to Let application from a layered Limited Company.

Criteria description:

Indicates if we will consider a Limited Company Buy to Let application from a layered Ltd Company

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on leasehold properties where no separate management company exists.

Criteria description:

Indicates if we can potentially lend on Buy to Let applications for leasehold properties where no separate management company exists.

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept ‘no-search indemnity insurance’ for a purchase application

Criteria description:

Indicates if we can potentially accept ‘no-search indemnity insurance’ for a purchase application

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept ‘no-search indemnity insurance’ for a remortgage application

Criteria description:

Indicates if we can potentially accept ‘no-search indemnity insurance’ for a remortgage application

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept a private local authority search for a purchase application

Criteria description:

Indicates if we can potentially accept a private local authority search for a purchase application

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept a private local authority search for a remortgage application

Criteria description:

Indicates if we can potentially accept a private local authority search for a remortgage application

1500000

Criteria Policy Notes:

Won't lend over £1.5 million.

Criteria description:

Indicates if we have a maximum exposure limit a borrower can have with us or within our group.

No Maximum

Criteria Policy Notes:

No maximum whole portfolio must be self financing.

Criteria description:

Indicates if we have a maximum number of mortgages a borrower can have with us or within our group.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties in the Channel Islands.

Criteria description:

Indicates if we can potentially consider Buy to Let lending on properties located in the Channel Islands.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if we can potentially consider Buy to Let lending on properties located in England.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties on the Isle of Man.

Criteria description:

Indicates if we can potentially consider lending on properties located on the Isle of Man.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if we can potentially consider lending on properties located on the Isle of Wight

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties in Northern Ireland.

Criteria description:

Indicates if we can potentially consider lending on properties located in Northern Ireland.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties in the Scilly Isles.

Criteria description:

Indicates if we can potentially consider lending on properties located in the Scilly Isles.

Acceptable

Criteria Policy Notes:

Bath Building Society does lend on properties in mainland Scotland and the following islands:

The Shetlands
The Orkneys
Arran
Bute
Skye
Harris & Lewis
Mull
Islay

Criteria description:

Indicates if we can potentially consider lending on properties located in Scotland.

Warning:

Please note, that valuations can take longer to book in the Scottish Isles.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if we can potentially consider lending on properties located in Wales.

Acceptable

Criteria Policy Notes:

Bath Building Society will use the uplifted value in this situation. Land Registry must be fully updated with no pending applications. Refer to Lender.

Criteria description:

Indicates if we can potentially offer a remortgage and use the uplifted value of the property following recent works of improvement. For example, Jon purchases a property for £150,000 and spend a couple of months doing the place up following which the property is now worth £250,000. Jon now wants to find a lender who will allow him to raise capital based on the newly enhanced value.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept Let to Buy applications where looking to convert the existing residential mortgage to a Buy to Let mortgage with us

Criteria description:

Indicates if we can potentially accept applications to remortgage onto a buy to let basis when the current mortgage is residential.

Warning:

Must have an onward purchase.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider Buy to Let remortgage applications where the property is currently the applicants main residence but will now be Let and the applicant will be moving into separate rented accomodation

Criteria description:

Indicates if we will allow an applicant to remortgage their current residential property onto a Buy to Let mortgage and then move into rented accomodation as opposed to purchasing a new main residence.

Not Acceptable

Criteria Policy Notes:

The applicant must be an owner-occupier.

Criteria description:

Indicates if we will allow an applicant to remortgage their current residential property onto a Buy to Let mortgage and then move in with family as opposed to purchasing a new main residence.

No Minimum months

Criteria Policy Notes:

Bath Building Society has no minimum trading period requirement for Special Purpose Vehicle Limited Companies providing the SPV was set up for the sole purpose of property letting/management.

Criteria description:

Indicates if there is a minimum trading period for 'Special Purpose Vehicle Limited Companies' and if so how long IN MONTHS this is.

Directors & Shareholders

Criteria Policy Notes:

Bath Building Society requires all shareholders of the Limited Company to be directors; applications where a Limited Company includes shareholders who are not also directors are not acceptable. All directors of the Limited Company must be party to the mortgage.

Criteria description:

Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Special Purpose Vehicle Ltd Companies.

4

Criteria Policy Notes:

Bath Building Society can consider applications from Limited Company SPVs with a maximum of 4 directors.

Criteria description:

Indicates the maximum number of applicants we can consider when lending to Special Purpose Vehicle Limited Companies.

Yes

Criteria Policy Notes:

Bath Building Society requires personal guarantees from shareholders in a Special Purpose Vehicle Limited Company.

Criteria description:

Indicates if we require shareholders in a 'Special Purpose Vehicle' Limited Company to provide personal guarantees as well as the 'Directors'.

36 months

Criteria Policy Notes:

Bath Building Society can consider lending to trading companies with a 3 year trading history, with acceptable SIC codes 68100 and 68209.

Criteria description:

Indicates if there is a minimum trading period for 'Trading Limited Companies' and if so how long IN MONTHS this is.

Directors & Shareholders

Criteria Policy Notes:

Bath Building Society requires all shareholders of the Limited Company to be directors; applications where a Limited Company includes shareholders who are not also directors are not acceptable. All directors of the Limited Company must be party to the mortgage.

Criteria description:

Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Trading Ltd Companies.

4

Criteria Policy Notes:

Bath Building Society can consider lending to Trading Limited Companies with a maximum of 4 directors. SIC codes 68209 or 68100 are required.

Criteria description:

Indicates the maximum number of applicants we can consider when lending to Trading Limited Companies

Yes

Criteria Policy Notes:

Bath Building Society requires personal guarantees from all directors.

Criteria description:

Indicates if we require shareholders in a 'Trading' Limited Company to provide personal guarantees as well as the 'Directors'.

Accepted

Criteria Policy Notes:

Bath Building Society accepts Buy to Let applications from Limited Companies.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from Limited Companies

Accepted

Criteria Policy Notes:

Bath Building Society can potentially accept Buy to Let applications from Limited Companies where the Limited Company is set up as a Special Purpose Vehicle with SIC codes 68100 or 68209.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from Limited Companies where the Ltd company is set up as a 'Special Purpose Vehicle (SPV)'.

Accepted

Criteria Policy Notes:

Bath Building Society can potentially accept Buy to Let applications from Trading Limited Companies, where it has been trading for 3 years and has SIC codes 68100 or 68209.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from Trading Limited Companies. Trading Limited Companies are companies that are not set up exclusively for the purpose of buying property for example a trading ltd company that sells furniture as its primary function.

No Maximum

Criteria Policy Notes:

Bath Building Society does not have a maximum age at application for Buy to Let Limited Company applicants.

Criteria description:

Indicates the maximum age an applicant can be at application.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider applications where the deposit is from an intercompany loan if the directorships and shareholdings match.

Criteria description:

Indicates if we consider a Limited Company Buy to Let application where the source of deposit is from applicants other company

75

Criteria Policy Notes:

Refer to lender.

Criteria description:

Indicates if we specify a maximum LTV of all properties owned by the applicants that are mortgaged to them or their group.

No Maximum

Criteria Policy Notes:

Bath Building Society has no maximum threshold percentage against the property value that the ground rent cannot exceed.

Criteria description:

Indicates if we have a maximum threshold, and if so what it is, that the ground rent on a leasehold property cannot exceed measured against the property value on Buy to Let applications. For example, Applicant 'A' is purchasing a leasehold flat valued at £100,000 that has a ground rent payable annually of £100. This ground rent equates to 0.1% of the property value. Lender 'A' has no maximum threshold on ground rents and therefor Applicant 'A' is able to proceed with a mortgage application on this property.

75

Criteria Policy Notes:

Refer to lender.

Criteria description:

Indicates if we specify a maximum LTV of all properties owned by the applicants across their entire portfolio. This includes mortgages held with the lender and group and all other mortgages held with other lenders.

500000

Criteria Policy Notes:

£500,000 - 80%
£1,500,000 - 75%
£2,000,000 - 70%

Criteria description:

Indicates the maximum potential loan size we can consider lending at 80% loan to value or less. Be aware that this relates to the maximum and other factors may reduce this maximum such as property type etc.

80 percentage

Criteria Policy Notes:

Bath Building Society has a maximum of 80% LTV on BTL.

Criteria description:

Indicates the maximum LTV we can consider for Buy to Let applications

1

Criteria Policy Notes:

Bath Building Society will consider Buy to Let applicants with a maximum status 1 in the last 2 years, satisfied for at least 6 months.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who has mortgage arrears in the past 2 years and if so what is the maximum number of missed payments in the past 2 years that can be accepted.

No Maximum

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with previously satisfied CCJs and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously satisfied CCJs in the past 6 years and Lender 'A' says the maximum number they will allow is 2 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total value and other adverse credit.

0

Criteria Policy Notes:

Bath Building Society will not consider applicants with unsatisfied CCJs.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with unsatisfied CCJs and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously unsatisfied CCJs in the past 6 years and Lender 'A' says the maximum number they will allow is 2 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total value and other adverse credit.

No Maximum

Criteria Policy Notes:

Satisfied over 2 years.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with previously satisfied Defaults and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously satisfied Defaults in the past 6 years and Lender 'A' says the maximum number they will allow is 2 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total value and other adverse credit.

0

Criteria Policy Notes:

Bath Building Society will not consider applicants with unsatisfied Defaults.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with unsatisfied Defaults and if so what the maximum allowable number registered against an applicant is. For example, applicant 'A' has 3 previously unsatisfied Defaults in the past 6 years and Lender 'A' says the maximum number they will allow is 2 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total value and other adverse credit.

40 years

Criteria Policy Notes:

40 years maximum term

Criteria description:

Indicates the maximum term a Buy to Let mortgage can be taken over.

1

Criteria Policy Notes:

Maximum status 1 in the last 2 years. (Utilities & mobiles ignored up to £250)

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who has unsecured arrears in the past 2 years and if so what is the maximum number of missed payments in the past 2 years that can be accepted.

500

Criteria Policy Notes:

Maximum £500 registered in last 3 years, satisfied at application.

Criteria description:

Indicates if we can potentially consider Buy to Let applications from applicants with previously satisfied CCJs and if so what the maximum allowable value of all registered against an applicant is. For example, applicant 'A' has 3 previously satisfied CCJs in the past 6 years totaling £1,230 and Lender 'A' says the maximum value they will allow is £500 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total number registered and other adverse credit registered against the applicant.

0

Criteria Policy Notes:

Bath Building Society will not consider applicants with unsatisfied CCJs.

Criteria description:

Indicates if we can consider Buy to Let applications from applicants with unsatisfied CCJs and if so what the maximum allowable value of all registered against an applicant is. For example, applicant 'A' has 3 unsatisfied CCJs in the past 6 years totaling £1,230 and Lender 'A' says the maximum value they will allow is £500 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total number registered and other adverse credit registered against the applicant.

No Maximum

Criteria Policy Notes:

Satisfied over 2 years.

Criteria description:

Indicates if we can potentially consider Buy to Let applications from applicants with previously satisfied Defaults and if so what the maximum allowable value of all registered against an applicant is. For example, applicant 'A' has 3 previously satisfied Defaults in the past 6 years totaling £1,230 and Lender 'A' says the maximum value they will allow is £500 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total number registered and other adverse credit registered against the applicant.

0

Criteria Policy Notes:

Bath Building Society will not consider applicants with unsatisfied Defaults.

Criteria description:

Indicates if we can potentially consider Buy to Let applications from applicants with unsatisfied Defaults and if so what the maximum allowable value of all registered against an applicant is. For example, applicant 'A' has 3 unsatisfied Defaults in the past 6 years totaling £1,230 and Lender 'A' says the maximum value they will allow is £500 registered on the applicants credit file. Therefore applicant 'A' would be unable to apply for a mortgage with Lender 'A' at this time. Other factors may also be factored in such as (but no limited to) total number registered and other adverse credit registered against the applicant.

No Maximum

Criteria Policy Notes:

Although we don't have a maximum, it needs to fit income multipliers and affordability. Please note if the debt to income ratio is particularly high it would be referred to underwriters at DIP stage.

Criteria description:

Indicates the maximum potential debt to income (DTI) ratio we might accept for Buy to Let applications. For example, an applicant has outstanding unsecured debts of £26,000 and a salary of £40,000. Therefore their DTI is 65%.

4

Criteria Policy Notes:

4

Criteria description:

The maximum number of applicants able to go on a Buy to Let mortgage application.

No Maximum

Criteria Policy Notes:

Bath Building Society has no maximum limit to the number of Buy to Let mortgages applicants hold with other lenders.

Criteria description:

Indicates if there is a maximum number of mortgaged Buy to Let properties and if so how many, an applicant can have in the background.

Not Acceptable

Criteria Policy Notes:

We dont lend on ex-local authority flats

Criteria description:

Indicates the maximum number of stories we can consider when lending on ex local authority high rise flats.

6

Criteria Policy Notes:

Maximum 6 stories but anything over 4 stories needs to be lift served

Criteria description:

Indicates the maximum number of storeys we can consider when lending on high rise flats.

Warning:

Anything over 4 stories needs to be lift served.

2

Criteria Policy Notes:

Bath Building Society will allow up to 2 students on a single APT

Criteria description:

Indicates the maximum number of students we can consider on a single APT

2

Criteria Policy Notes:

Bath Building Society can consider applications where there are 2 tenants on the Assured Periodic Tenancy (APT).

Criteria description:

Indicates the maximum number of tenants permitted by us on a single Assured Periodic Tenancy

20000

Criteria Policy Notes:

Bath Building Society has a minimum income of £20,000 after commitments.

Criteria description:

Indicates if we have a minimum income requirement for Buy to Let applications and if so what it is.

No Minimum months

Criteria Policy Notes:

Bath Building Society has no minimum experience requirement for applicants

Criteria description:

Indicates if we require a minimum amount of experience (IN MONTHS) when lending on Buy to Let applications

No Minimum months

Criteria Policy Notes:

Bath Building Society has no minimum length of time applicants need to have been in continuous employment although they must have a 12 month continuous employment history. At least the first month's pay must be evidenced in the bank statements and first month's payslip. We can accept income from applicants currently in a probationary period, although the offer will be conditioned that the applicant has their probation.

Criteria description:

Specifies if there is a minimum number of months (if so how many) employed applicants must have been continuously employed on Buy to Let applications.

75000

Criteria Policy Notes:

£75,000 (£100,000 Ltd co BTL)

Criteria description:

Indicates the minimum loan size (if there is one) that we accept for new applications.

We do not lend on Ex Local Authority Flats

Criteria Policy Notes:

Bath Building Society does not lend on ex-local authority flats, on Buy to Let applications.

Criteria description:

Indicates if we can potentially lend on a ex-local authority flat/apartments and if so is there a minimum percentage in the block that must be privately owned when assessing Buy to Let applications.

100000

Criteria Policy Notes:

£100k

Criteria description:

Indicates if we have a minimum property value they require for new Buy to Let applications.

5 years

Criteria Policy Notes:

5 years

Criteria description:

Indicates the minimum term a Buy to Let mortgage can be taken over.

55 years

Criteria Policy Notes:

Interest Only must have a minimum of 80 years at end of the mortgage term, repayment must have a minimum of 50 years

Criteria description:

Indicates the minimum required lease remaining at date of application we can potentially accept.

Warning:

Lease must have 50 years left from the natural term end of the mortgage

50 years

Criteria Policy Notes:

Interest Only must have a minimum of 80 years at end of the mortgage term, repayment must have a minimum of 50 years

Criteria description:

Indicates the minimum required lease remaining at the end of the mortgage term we can potentially accept.

36 months

Criteria Policy Notes:

Bath Building Society will not consider applicants with any mortgage arrears on their credit file within the last 3 years.

Criteria description:

Indicates if we can potentially ignore mortgage arrears that are historic and if so at what point they can potentially be ignored when assessing Buy to Let mortgage applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on 'Multi Unit Freehold' properties.

Criteria description:

Indicates if we can potentially lend on single title multi-unit properties

We do not lend on Multi Unit Freehold Properties

Criteria Policy Notes:

Bath Building Society does not lend on Multi Unit Freehold properties.

Criteria description:

Indicates the maximum number of units permitted on a single title multi unit property

We do not lend on Multi Unit Freehold Properties

Criteria Policy Notes:

Bath Building Society does not lend on multi unit freehold properties.

Criteria description:

Indicates if there is a minimum square meterage requirement on a single title multi unit property

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept AEDIS as an acceptable new build warranty

Criteria description:

Indicates if AEDIS is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Build Assure as an acceptable new build warranty.

Criteria description:

Indicates if Build Assure is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Building Life Plans as an acceptable new build warranty.

Criteria description:

Indicates if Building Life Plans is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if Buildzone is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept CRL Management Ltd as an acceptable new build warranty.

Criteria description:

Indicates if CRL Management Ltd is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts Ceckmate Castle 10 as an acceptable new build warranty.

Criteria description:

Indicates if Checkmate (Castle 10) is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Global Home Warranties as an acceptable new build warranty.

Criteria description:

Indicates if Global Home Warranties is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts ICW as an acceptable new build warranty

Criteria description:

Indicates if we can potentially accept ICW as an acceptable new build warranty

Acceptable

Criteria Policy Notes:

Bath Building Society accepts LABC as an acceptable new build warranty.

Criteria description:

Indicates if LABC is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts NHBC as an acceptable new build warranty.

Criteria description:

Indicates if NHBC Guarantee is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Acceptable to Bath Building Society

Criteria description:

Indicates if Premier Guarantee Scheme is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society will accept Professional Consultants Certificate as an acceptable new build warranty.

Criteria description:

Indicates if Professional Consultants Certificate is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts Protek as an acceptable new build warranty.

Criteria description:

Indicates if Protek is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Q Assure Build as an acceptable new build warranty.

Criteria description:

Indicates if Q Assure Build is an acceptable new build warranty for us on new build properties.

Acceptable

Criteria Policy Notes:

Bath Building Society accepts Zurich Municipal "New Build" as an acceptable new build warranty.

Criteria description:

Indicates if Zurich Municipal "New Build" is an acceptable new build warranty for us on new build properties.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Buy to Let applications from 'Non Owner Occupiers'.

Criteria description:

Indicates if we can potentially accept an applicant that is a non-owner occupier for a Buy to Let application.
This is not to be confused with a First Time Buyer or First Time Landlord.

1

Criteria Policy Notes:

We underwrite all cases manually and use Experian as a credit agency.

Criteria description:

Indicates the number of credit reference agencies we may use during the entire application process.

180 days

Criteria Policy Notes:

All offers are valid for 6 months

Criteria description:

Displays the number of days a NEW BUILD Buy to Let mortgage offer is valid for.

180 days

Criteria Policy Notes:

6 months

Criteria description:

Displays the number of days a STANDARD Buy to Let mortgage offer is valid for.

No

Criteria Policy Notes:

Bath Building Society does not offer offset mortgages.

Criteria description:

Indicates if we can offer Buy to Let offset mortgages (subject to product availability).

20 percentage

Criteria Policy Notes:

20% without incurring any charges

Criteria description:

Indicates the amount you can usually overpay (subject to product availability) without penalty on our Buy to Let mortgages.

Acceptable

Criteria Policy Notes:

Refer to lender.

Criteria description:

Indicates if we can potentially lend on a property where the adjoining property is also owned by one of the applicants.

Acceptable

Criteria Policy Notes:

Bath Building Society will allow borrowers to 'self occupy' their Holiday Let property up to 60 days a year

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property on a Holiday Let basis and occupy the property themselves from time to time. For example whilst the property is predominantly Let on a Holiday Let a few weeks a year the applicant would like to stay in the property.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an applicant that is classed as a politically exposed person subject to underwriter discretion.

Criteria description:

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

Yes

Criteria Policy Notes:

All Bath Building Society mortgages are full portable

Criteria description:

Indicates if our Buy to Let mortgages are portable as standard.

20000

Criteria Policy Notes:

Minimum income £20,000 after all personal debts

Criteria description:

Indicates if we specifiy a minimum income an applicant must earn in order to be considered for a Buy to Let mortgage where the applicant is considered a portfolio landlord.

No Minimum months

Criteria Policy Notes:

No minimum experience requirement.

Criteria description:

Indicates if we require a minimum amount of experience (IN MONTHS) if lending to what we consider to be a portfolio landlord.

Accepted

Criteria Policy Notes:

Bath Building Society specifies a 'Portfolio Landlord' as 4 or more completed qualifying rental properties that are mortgaged or unencumbered. The number of qualifying properties that constitutes a 'Portfolio Landlord' is All applicants combined Buy To Let properties. A qualifying property:

Includes Privately owned Buy to Let rental properties
Includes Company owned Buy to Let rental properties
Includes Consent to Let properties
Includes Holiday Lets
Single title multi unit properties are counted as one property.

Criteria description:

Indicates if we can accept 'Portfolio' landlords and IMPORTANTLY how they define a portfolio landlord.

No

Criteria Policy Notes:

Bath Building Society does not allow post offer changes.

Criteria description:

Indicates if we will allow post-offer changes

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an applicant from someone acting as a power of attorney.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant that is acting with Power of Attorney.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept 'Premium Lease Agreements' where a prospective tenant is paying their rent as an advanced payment.

Criteria description:

Indicates if we can potentially consider applications where the applicant's tenant will be paying their rent as an advance payment.

Not Acceptable years

Criteria Policy Notes:

Bath Building Society does not accept applications from borrowers who have previously had a property repossessed.

Criteria description:

Indicates if we can accept Buy to Let applications from applicants that have previously been repossessed and if so how many years need to have passed to be acceptable.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where Asbestos is identified.

Criteria description:

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

Warning:

Bath Building Society can potentially lend on properties where Asbestos is identified but will be assessed on a case by case basis.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on 100% timber construction properties.

Criteria description:

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

Yes

Criteria Policy Notes:

Bath Building Society may require BOPAS accreditation for non-standard construction where the construction type is acceptable to us

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is British Iron and Steel Federation (BISF) must be build post 1987

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society will lend on concrete construction properties.

Criteria description:

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

Warning:

Subject to valuers comments

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application on a converted church.

Please note that we do not consider flats converted from commercial premises.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on cornish construction properties.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on Dutch Barn properties

Criteria description:

Indicates if we can potentially consider Dutch Barn properties

Yes

Criteria Policy Notes:

Bath Building Society will not lend on properties with combustible cladding or materials on balconies without a valid EWS1 form, with a result of A1, A2 or B1.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on easiform construction properties.

Criteria description:

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

Warning:

Subject to valuers comments

Acceptable

Criteria Policy Notes:

No more than 15% flying freehold

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is Insulating concrete form (ICF)

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties where the construction type is Large Panel System (LPS)

Criteria description:

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

Acceptable

Criteria Policy Notes:

Reliant on valuers comments

Criteria description:

Indicates if we can potentially able to accept Buy to Let applications on properties that have majority flat roof. We classify 'majority' as anything over 50%.

Acceptable

Criteria Policy Notes:

Bath Building Society does lend on properties where the construction type is modern method of construction (MMC).

Criteria description:

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

Warning:

Subject to valuers comments and being an accredited scheme

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is mundic block.

Criteria description:

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

Warning:

Subject valuers comments and petrographic test

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is no-fines.

Criteria description:

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

Warning:

Acceptable - subject to valuers comments.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties that are constructed of non repaired prefabricated reinforced concrete.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is Off site manufactured (MMC)

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on a Potton Home property

Criteria description:

Indicates if we can potentially consider Potton Home properties

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that are constructed of repaired prefabricated reinforced concrete.

Criteria description:

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

Warning:

Subject to valuers comments.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on single skin properties

Criteria description:

Indicates if we can potentially consider single skin properties

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is steel framed.

Criteria description:

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

Warning:

Subject to valuers comments. Must be built post 1987

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties where the construction type is Structural Insulated Panel Solutions (SIPs).

Criteria description:

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

Warning:

Subject to being BOPAS accredited

Acceptable

Criteria Policy Notes:

Acceptable - subject to valuers comments

Criteria description:

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

Acceptable

Criteria Policy Notes:

Modern Timber Framed post 1970 acceptable but exterior wall must be brick/block/stone

Criteria description:

Indicates if we can potentially accept timber framed properties.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider lending on properties that are a timber frame construction dating between 1900 to 1970. Subject to a full structural warranty.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider lending on properties that are a timber frame construction dating between 1900 to 1970.

Criteria description:

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

Warning:

Subject to a full structural warranty.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that are a timber frame construction dating pre 1900.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on flats in a tower block that has cladding. There must be a valid EWS1 form, with a result of A1, A2 or B1. We can consider flats up to 4 storeys with no lift access and up to 6 storeys with lift access.

Criteria description:

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

Warning:

Will require an EWS1 form with a result of A1, A2 or B1.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on a wholly timbered property

Criteria description:

Indicates if we can potentially consider wholly timbered property

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on a woolaway property

Criteria description:

Indicates if we can potentially consider a woolaway property

Warning:

If repaired with the benefit of NHBC or Zurich warranty.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Buy to Let applications from individuals they deem property developers.

Criteria description:

Indicates if we can potentially accept applications from property developers

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that are close to a mine shaft.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that have overhead power lines running above them. If the line do not run directly over the property we can potentially consider a case, subject to underwriter referral at DIP stage and valuer's comments.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a Buy to Let application where the property requires refurbishment before it can be Let.

Criteria description:

Indicates if we can potentially consider Buy to Let applications where refurbishment is required

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend of properties that have been underpinned in the last 10 years. Subject to a full structural warranty.

Criteria description:

Indicates if we can potentially lend on properties that have been underpinned in the last 10 years on Buy to Let applications

Yes

Criteria Policy Notes:

Bath Building Society can consider a BTL application with an absentee freeholder providing the solicitor confirms indemnity insurance would fully protect.

Criteria description:

Indicates if we can potentially assist with a BTL application where there is an absentee freeholder.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a property with an Overage Clause

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that are subject to a possessory title.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider a property with shared access or shared services

Criteria description:

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

Warning:

PLEASE NOTE WE CANNOT CONSIDER SHARED ACCESS WITH FAMILY MEMBERS

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application where the splitting of a title deed will take place on completion

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider joint applications where the property ownership will be as tenancy in common with unequal shares.

Criteria description:

Indicates if we can potentially lend on Buy to Let 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%.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that are owned by a trust.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society will consider lending on a basement flat.

Criteria description:

Indicates if we can potentially lend on a basement flat

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on coach houses

Criteria description:

Indicates if we can potentially consider a coach house property

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on ex local authority flats or maisonettes.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on ex-local authority properties on Buy to Let applications.

Criteria description:

Indicates if we can potentially lend on ex local authority houses/bungalows.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on flats above commercial food outlets.

Criteria description:

Indicates if we can potentially accept flats above a commercial food outlet.

Acceptable

Criteria Policy Notes:

Refer to lender.

Please note that we do not consider flats converted from commercial premises.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on flats above pubs.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on freehold flats and maisonettes in England & Wales.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that are classified as a Grade 1 Listed Building.

Criteria description:

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.

Warning:

Refer to lender.
Assessed on a case by case basis

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that are classified as a Grade 2 Listed Building.

Criteria description:

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.

Warning:

Refer to lender.
Assessed on a case by case basis

30

Criteria Policy Notes:

Our minimum square metre requirement when lending on studio flats is 30 sqm.

Criteria description:

Indicates the area in square metres required when lending on studio flats for Buy to Let lending.

Acceptable

Criteria Policy Notes:

Bath Building Society can lend on studio flats.

Criteria description:

Indicates if we can potentially lend on studio flats.

Warning:

Must have a minimum of 30 sqm

Acceptable

Criteria Policy Notes:

Bath Building Society will consider a Buy to Let application where the property will be purchased at auction

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties with spray foam insulation.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that border class A1 commercial premises.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties that border class A2 commercial premises.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that border class A3 commercial premises.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not lend on properties that border class A4 commercial premises.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties with agricultural restrictions.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society does lend on properties that have a section 106 restrictive covenant, subject to mortgagee in possession clause. Refer to Lender.

Criteria description:

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

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially lend on properties with up to 5 acres. Properties with up to 7 acres can be considered on a case-by-case basis.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on properties with deck access.

Criteria description:

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

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not lend on Buy to Let properties that have more than one kitchen.

Criteria description:

Indicates if we can 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).

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a Buy to Let application where the applicant will purchase a new build property and rent back to the builders as a show home

Criteria description:

Indicates if we can potentially consider a Buy to Let application where the applicant will purchase a new build property and rent back to the builders as a show home

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept situations on purchase applications where there is a tenant in situ at the property where it is the intention to allow them to remain as the ongoing tenant.

The tenant must be occupying the property on an AST

Criteria description:

Indicates if we can potentially accept situations where the property being purchased on a Buy to Let basis has an existing tenant who wishes to remain in the property and therefore vacant possession on completion would not exist.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider an application where a Limited Company is purchasing a property from its directors. The transaction needs to be carried out at full market value.

Criteria description:

Indicates if we can potentially accept an application where a Limited Company wishes to purchase a property from one of its directors or shareholders. This is typically referred to as a 'Related Transaction'.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider this.

Criteria description:

Indicates if we can potentially accept an application where the purchaser is looking to purchase a property from a limited company for which he/she is a shareholder.

Warning:

Purchase would have to be "at arms length".

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept 'Regulated Buy to Let' applications. Any rental income will be ignored and the application must pass the Society’s standard affordability test.

Criteria description:

Indicates if we can potentially consider Buy to Let applications where the intention is to Let the property to a family member.

Warning:

Any rental income will be ignored and the application must pass the Society’s standard affordability test.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising to staircase their Shared Ownership property and then Let the property on a Buy to Let basis with us.

Criteria description:

Indicates if we will allow capital raising on an applicant's current shared ownership residential property for the purpose of staircasing to 100% and take their ownership to 100% and then Letting the property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising for business purposes.

Criteria description:

Indicates if we can potentially consider a Buy to Let application when the reason for capital raising is considered for 'Business Related Purposes'.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider remortgage applications with capital raising for home improvements on another property owned by the applicant.
This would be agreed on an exception basis and we would require quotes of the works to be completed.

Criteria description:

Indicates if we will allow capital raising for the purpose of home improvements on a property which is NOT the security property on Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising to purchase a commercial property.

Criteria description:

Indicates if we will allow capital raising for the purpose of purchasing commercial property on Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising to purchase a property overseas.

Criteria description:

Indicates if we will allow capital raising for the purpose of purchasing overseas property on Buy to Let applications.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider remortgage applications with capital raising to purchase a share of the freehold.

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is to purchase a share of the freehold

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising to repay their Help to Buy equity loan and then Let the property on a Buy to Let basis with us.

Criteria description:

Indicates if we will allow capital raising on an applicant's current residential property that has a Help to Buy Equity Loan present for the purpose of repaying (IN FULL) their Help to Buy Equity Loan, take their ownership to 100% and then Let the property.

80 percentage

Criteria Policy Notes:

80% LTV

Criteria description:

Indicates the maximum loan to value (LTV) we can accept where the BTL remortgage purpose is to raise funds to buy out a partner or other borrower.

80 percentage

Criteria Policy Notes:

80% LTV maximum. We require simultaneous completion of the onward purchase.

Criteria description:

Indicates the maximum loan to value (LTV) we will accept when the reason for capital raising is to raise funds to fund or part fund a buy to let purchase.

Warning:

We require simultaneous completion of the onward purchase.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising for a BTL property where a property is not yet found

Criteria description:

Indicates if we can potentially consider remortgage applications with capital raising for a BTL property where the property has not yet been found. Essentially they want to put themselves in the position of a cash buyer with the funds accessible ready for when they find their property.

80 percentage

Criteria Policy Notes:

The Society will only accept applications for debt consolidation subject to: • No previous debt consolidation within the past three years • The total debt being consolidated should be no greater than 50% of the debt holders current income (except where it can be evidenced the debts were accrued carrying out home improvements) • Every other aspect of the case must meet lending criteria, with no exceptions. • Advances will not be considered for clearing gambling debts, tax liabilities or mortgage arrears

Criteria description:

Indicates the maximum loan to value (LTV) we will accept where there is an element of debt consolidation on a remortgage application.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is extending a lease

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is extending a lease

80 percentage

Criteria Policy Notes:

Bath Building Society will consider a maximum loan to value of 80% for capital raising for gifting money subject to underwriter approval at DIP stage.

Criteria description:

Indicates if we are able, and if so to what loan to value, accept BTL remortgages where the purpose is to raise money to make a gift (for example to children to help with school fees etc or where parent(s) might want to help their children buy their first home).

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider a remortgage application where an existing HMO property will be converted to a standard residence.

Criteria description:

Indicates if we can potentially consider a remortgage application where an existing HMO will be converted back to a standard residence

80 percentage

Criteria Policy Notes:

80% maximum

Criteria description:

Indicates if we are able to and if so to what loan to value, accept remortgages where the purpose is to raise money for property improvements.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider remortgage applications with capital raising for 'Land Purchase'.

Criteria description:

Indicates if we will allow capital raising for the purpose to purchase land and if so up to what loan to value for Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider capital raising on a remortgage where the purpose of the funds is lifestyle (holidays, car's, non essential spending etc)

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is lifestyle (holidays, car's, non essential spending etc)

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is medical expenses. This is subject to underwriter referral.

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is medical expenses

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider capital raising on a remortgage where the purpose of the funds is personal investments

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is personal investments

80 percentage

Criteria Policy Notes:

Bath Building Society has a maximum LTV of 80% when remortgaging with capital raising to repay their residential mortgage.

Criteria description:

Indicates the maximum loan to value (LTV) we can accept where the BTL remortgage purpose is to repay the customer's residential mortgage.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is education or school fees

Criteria description:

Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is education or school fees

6 months

Criteria Policy Notes:

6 months

Criteria description:

Indicates the number of months we state a person must have owned a property before it can be considered for a remortgage application.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially offer Buy to Let mortgages on a 'Repayment (Capital & Interest)' basis.

Criteria description:

Indicates if we accept mortgages on a Repayment basis (Capital & Interest) for Buy to Let applications.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider applications on properties that have a restricted sale price clause. We can potentially consider these clauses if the restriction falls away if we had to take the property into repossession.

Criteria description:

Indicates if we can potentially offer a Buy to Let mortgage on a property that has a 'Restricted Sale Price' clause.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept retrospective new build warranties.

Criteria description:

Indicates if we can potentially lend on properties that have been issued with a retrospective new build warranty. These warranties were specifically not in place during the build phase but taken out at a later date following completion.

Warning:

Underwriter discretion on warranty. Would need to see a copy of the policy upfront

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not accept applications from applicants who are returning to the UK and going straight into employment.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who is returning to the UK and going straight into paid employment. Critically, indicates if a lender will accept an employed applicant (with no current minimum length of time in UK employment) who is returning from a non UK address to the UK.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not accept applications from applicants who are returning to the UK and going straight into self-employment.

Criteria description:

Indicates if we can potentially accept Buy to Let applications from an applicant who is returning to the UK and going straight into Self-Employment. Critically, indicates if a lender will accept a Self-Employed applicant who is returning from a non UK address to the UK and would essentially have zero UK trading history.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept 'Sale and Rent Back' transactions.

Criteria description:

Indicates if we can potentially accept a sale and rent back transaction where the vendor sells the property (usually at a discount), remains in the property and pays a rent to the new owner.

Not Available

Criteria Policy Notes:

Bath Building Society does not offer Sharia compliant mortgages.

Criteria description:

Indicates if we can offer Sharia compliant Buy to Let mortgages.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where there will be a simultaneous completion of a second charge.

Criteria description:

Indicates if we can potentially accept a Buy to Let application where there will be a simultaneous completion of a second charge.

No (Full Footprint)

Criteria Policy Notes:

Bath Building Society leaves a full/hard search footprint when performing a credit search.

Criteria description:

Indicates if we will leave a 'soft footprint' when performing a credit search (as opposed to leaving a full/hard footprint on the credit file).

Acceptable

Criteria Policy Notes:

Bath Building Society will potentially consider properties with solar panels where the solar panels form part of the freehold of a building.

Criteria description:

Indicates if we can potentially accept properties that have had solar panels installed.

Warning:

Where the solar panels are leased under an "airspace lease" the Solicitor will be required to ensure the lease does not negatively impact on our security.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications on a sole application joint proprietor basis

Criteria description:

Indicates if we can potentially consider applications on a sole application joint proprietor basis. This is where a property will be jointly owned but only one person will be named on the mortgage and is distinctly different to the more common Joint Application Sole Proprietor where only one party would own the property but there are two named on the mortgage.

Acceptable

Criteria Policy Notes:

Bath Building Society can accept this builders deposit.

Criteria description:

Indicates if we accept builder gifted deposits as an acceptable source of deposit for new build properties

Warning:

Acceptable providing the applicant puts the same amount of contribution in

Acceptable

Criteria Policy Notes:

Providing the correct amount of stamp duty is paid

Criteria description:

Indicates if we can accept applications that are considered a concessionary purchase

Acceptable

Criteria Policy Notes:

Acceptable to bath Building Society.

Criteria description:

Indicates if we can accept a gift from an immediate family member as an acceptable source of deposit.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept this type of deposit.

Criteria description:

Indicates if we can accept a gift as a deposit source outside of immediate family members such as a friend, employer or cousin for example.

Not Acceptable

Criteria Policy Notes:

Bath Building Society is unable to accept deposits where the source is a loan from immediate family

Criteria description:

Indicates if we can accept a loan from an immediate family member as an acceptable source of deposit on a buy to let application.

Acceptable

Criteria Policy Notes:

Acceptable to bath Building Society

Criteria description:

Indicates if we can accept monies raised from the mortgage of an additional property as an acceptable source of deposit.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept this type of deposit.

Criteria description:

Indicates if can potentially accept deposits that have originated outside of the European Economic Area (EEA) as an acceptable source of deposit.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially accept a redundancy payment as an acceptable source of deposit.

Criteria description:

Indicates whether or not we will accept a redundancy payment as an acceptable source of deposit on a BTL application.

Warning:

Subject to this being from a previous employment, and current employment meeting our criteria.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept this type of deposit.

Criteria description:

Indicates whether or not we will accept borrowers source of deposit as a loan. For example a person is looking to put down a total 25% deposit and borrow a 75% mortgage. 5% of the total deposit is a bank loan.

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not offer mortgages with split term durations

Criteria description:

Indicates if we can potentially consider an application with a split term. For example, an applicant wishes to take one part of their mortgage over 25 years and another part over 10 years.

ICR based

Criteria Policy Notes:

Basic rate taxpayer - Rent must cover a minimum of 125% of pay rate + 2% but must never be less than 5.5%*
High-rate taxpayer - Rent must cover a minimum of 145% of pay rate + 2% but must never be less than 5.5%*

*If the interest rate is fixed for a period of 5 years or more, rent must cover 125/145% of pay rate

Criteria description:

This relates to the potential rental calculation we will apply.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not use the student Let rental valuation for affordability as opposed to the open market rental valuation.

Criteria description:

Indicates if we can potentially use the student Let rental valuation as opposed to the open market valuation to a typical tenant (family, couples, etc)

Yes

Criteria Policy Notes:

Utilities & mobiles ignored up to £250.

Criteria description:

Indicates if we can potentially ignore telecommunications adverse credit on Buy to Let applications.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where the property will be let to an Asylum seeker

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to an Asylum Seeker.

Not Acceptable

Criteria Policy Notes:

Bath Building Society do not accept properties that are to be Let on a Corporate/Company Let basis.

Criteria description:

Indicates if we an potentially consider applications from borrowers that wish to Let the property on a Corporate Let or Company Let

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept Housing Association tenants.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to Housing Association tenants.

Acceptable

Criteria Policy Notes:

Bath Building Society allows borrowers to let properties via AirBnB or similar on our Holiday Let products only.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the entire property via services such as AirBnB and similar.

Warning:

We would not accept this on our BTL products.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider a Buy to Let application with a maximum of 2 tenancies.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to have multiple tenancies on a Buy to Let property.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where the tenant enjoys a 'Protected Tenancy'.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to a tenant who is benefiting from a protected tenancy.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where the property will be Let as a 'Serviced Property'.

Criteria description:

Indicates if we can potentially accept Buy to Let applications on properties that are considered 'Serviced Properties'. These are typically furnished properties that are Let on a short term basis and the rent covers all amenities including the rent.

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially allow applicants to Let their Buy to Let property to Students.

Criteria description:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to students

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applications where the property will be Let to a third party who will in turn Sublet the property.

Criteria description:

Indicates if we can potentially consider Buy to Let applications where the tenant will be (or is) a third party who pays a rent to the applicant and acts as the primary tenant but Sub-Lets the property. This is sometimes referred to as 'Rent to Rent'.

Yes

Criteria Policy Notes:

Bath Building Society can potentially offer Buy to Let mortgages on a transitional arrangement basis.

Criteria description:

Indicates if we can potentially offer Buy to Let mortgages on a transitional arrangement as defined by the FCA under MCOB 11.8

Acceptable

Criteria Policy Notes:

Bath Building Society can potentially consider a property with unadopted roads

Criteria description:

Indicates if we can potentially consider a property with unadopted roads

Not Acceptable

Criteria Policy Notes:

Bath Building Society does not accept applicants that have recently had unauthorized overdraft charges

Criteria description:

Indicates if we are able to potentially accept Buy to Let applications from applicants who have recently been charged for an unauthorised overdraft (either by exceeding their overdraft limit or by simply going overdrawn if they do not have an agreed overdraft limit). These unauthorised overdraft charges will likely appear on the clients recent bank statements.

Acceptable

Criteria Policy Notes:

Bath Building Society can consider transactions at undervalue subject to underwriter referral at DIP stage. The applicants will need to provide at least a 20% deposit on the purchase price.

Criteria description:

Indicates if we can potentially accept applications where the transaction constitutes an undervalue transaction.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider Buy to Let applications for unemployed applicants

Criteria description:

Indicates if we can potentially consider Buy to Let applications for unemployed applicants.

Not Acceptable

Criteria Policy Notes:

Bath Building Society will not consider applicants that hold a family visa.

Criteria description:

Indicates if we can potentially consider applicants who hold a Family Visa. Types of Family Visas are spouse or partner, fiancé, fiancée or proposed civil partner, child, parent or relative who’ll provide long-term care for you.

We do not lend to foreign nationals on a visa

Criteria Policy Notes:

Bath Building Society will not consider an applicant on a visa

Criteria description:

Indicates if we can consider an applicant on a visa and if so what is the minimum requirement (in MONTHS) that the applicant must have remaining on BTL applications

Buy to Let Lending Criteria

Professional Intermediaries only