News Articles in February 2016

Bath Building Society launches Rent a Room Mortgages

According to ARLA *, a first time buyer will spend £64,000 on rent before buying a home. Our Rent a Room Mortgages could change all that! It allows an individual applicant to borrow more by renting out a room and using the rent towards the mortgage payment. What if you find your ideal home, but your income isn’t quite enough to get the mortgage you need? Well, if the property has a spare bedro…

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The Society apoints a new Non-Executive Director

Bath Building Society has recently added a new Non-Executive Director to its Board and three of its Committees. David Smith was appointed to the Board as a Non-Executive Director in January 2016.  He is Chair of the Audit Committee and also sits on the Risk and Nomination Committees. David was a financial services partner with KPMG in London from 1995 to 2006 having joined the firm in 1983.…

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Building Societies pledge support for Armed Forces Personnel

Bath Building Society has pledged to implement a mortgage policy that allows Armed Forces personnel who are posted overseas to rent out their homes without facing higher mortgage interest rates or a requirement to change their mortgage. This announcement follows an annual roundtable at No.10 Downing where Philip Dunne, Minister for Defence Procurement, challenged financial institutions to supp…

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