FAQs

You can request a decision in principle via the online form on the How To Submit Business page. The team will review your request and respond within 48 hours.

Please check the How To Submit Business page where you will also find our packaging requirements.

No, you only need your FCA number, your FCA status and company name to submit a case. If you are acting on behalf of a network or mortgage club you’ll need their name and FCA number too.

You can use our affordability calculator on the website.

Please contact one of our Intermediary Relationship Managers via email and we will be happy to provide an illustration: intermediaries@bibs.co.uk

You can download the form here.

Or contact the team to obtain a copy.

We currently lend on property in England, Wales, Scotland and some Scottish Islands.

We currently consider earned income until the age of 70. However we do consider individual circumstances  and in some instances will consider applications from individuals up to the age of 85.  If you believe your clients have a unique case, please contact the Intermediary team to discuss.

You’ll find a step by step guide to submitting business with us here.

Our minimum loan amount is £50,000.

The maximum loan will be 70% LTV, except in the case of certain niche products.

Acceptable repayment vehicles are Endowments, Pensions, Trust funds and sale of other properties and downsizing. Please call our Intermediaries team to discuss the specific requirements for your client.

We credit check all customers as part of our manual underwriting process for all applications.

If your client is an existing Bath Building Society customer, please contact one of our Intermediary Relationship Managers who will let you know which products we have available. If you’re not the original broker who organised this mortgage, or have moved firms, we will need a letter of authority from the customer before we can send you the paper work. We pay a 0.2% procuration fee on rate transfers.

Any firm of two or more SRA* approved managers/partners is acceptable provided that the firm has CQS* (Conveyancing Quality Scheme) status.
*n/a in Scotland.

If the firm does not have CQS status, we will only accept solicitors who meet the following criteria:

• Must be a practice that has been established for a minimum of 10 years (where there have been mergers we must be satisfied that, where they were firms of a similar size, they both had a 10 year history or where it was more of a takeover that the larger firm meets the 10 year rule)
• The majority of the partners/SRA approved managers (i.e. greater than 50%) should have been fully qualified Solicitors for a minimum of 5 years.
• Where the solicitors acting are a branch of a firm that branch should have been established for a minimum of 5 years and the ‘local’ partner must have 5 years’ experience.
• The firm must have a minimum of 4 partners with an equitable interest whether by way of partnership agreement or, in the case of a limited company, by way of a shareholding.

Additional information

• The Society will not use Licensed Conveyancers under any circumstances
• The Society will only instruct Solicitors who are registered with the Solicitors Regulatory Authority (SRA) and this will be validated by a search of the SRA website.
• In Scotland, the firm must be a member of the Law Society of Scotland.
• The Solicitors may not be subject to any disciplinary action from the Solicitors Regulatory Authority or similar.

For all loans to Limited Companies the Society will need separate legal representation at the cost of the borrower. We do accept a different partner acting in the same firm. The only exception is if the company is already a borrower with the Society, in which case we will allow the same Solicitor to act for us and the borrower.

Still looking for answers? Contact the Intermediary team.