FAQs

Our Intermediary team carry out our decision in principles over the telephone to make sure we can assist with your case. If we are able to, you can then submit an application via Broker Online. We don’t provide decision in principle certificates.

Contact the Intermediary team.

Yes, please register to access the system. Your administration team can also request access to your cases.

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 our mortgage application form here.

You can download the form here.

Or contact the team to obtain a copy.

Download the direct debit form.

Or contact the team who will be happy to send you one.

We currently lend on property in England, Wales & mainland Scotland.

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.

Our basic packaging requirements are:

• Latest 3 months payslips for an employed applicant OR latest 3 years tax returns if self-employed.
• Latest 3 months consecutive personal bank statements
• Proof of ID and address.

However additional documents maybe required depending on the type of mortgage required.

Our minimum loan amount is £50,000.

The maximum loan will be 80% 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 Licenced 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 instruct its own Solicitors at the cost of the borrower. 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.