To search for an item in the Society’s lending criteria you can select Buy To Let or Residential criteria then search the relevant category, filter categories by sub category, search a topic or key word. If you have any further questions about our criteria, please contact the Intermediary team. The information on this page is updated daily via Criteria Hub.
Value:
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.Value:
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).Value:
No
Criteria Policy Notes:
Bath Building Society does not allow post offer changes.
Criteria description:
Indicates if we will allow post-offer changesValue:
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.Value:
80 percentage
Criteria Policy Notes:
80% maximum
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).Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can accept Debt Relief Orders if the applicant has been clear for at least 24 months
Criteria description:
Indicates if we can consider an applicant with a satisfied debt relief orderValue:
2
Criteria Policy Notes:
Bath Building Society will allow up to 2 students on a single AST
Criteria description:
Indicates the maximum number of students we can consider on a single ASTValue:
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.Value:
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 (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.Value:
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.Value:
No
Criteria Policy Notes:
Offers valid for 6 months. The application can be considered if it falls outside of this, but it will have to be reassessed and on the products available at the time. Refer to Lender.
Criteria description:
Indicates if we can potentially extend a clients mortgage offer beyond the standard expiry.Value:
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.Value:
4 years
Criteria Policy Notes:
Registered over 4 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.Warning:
must have been satisfied for at least 3 yearsValue:
Acceptable
Criteria Policy Notes:
Bath Building Society will use the uplifted value in this situation. 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.Value:
Acceptable
Criteria Policy Notes:
As long as no commercial activity is taking place. Up to 6 acres max
Criteria description:
Indicates if we can potentially accept properties that have a significant amount of land (properties that have acreage).Value:
Acceptable
Criteria Policy Notes:
Refer to lender.
Criteria description:
Indicates if we can potentially accept flats that are above commercial offices.Value:
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.Value:
30
Criteria Policy Notes:
Each flat must have a minimum of 30sqm.
Criteria description:
Indicates if there is a minimum square meterage requirement on a single title multi unit propertyValue:
80 percentage
Criteria Policy Notes:
Criteria description:
Indicates the maximum potential loan to value (LTV) we can accept where the property type is a NEW BUILD house/bungalow.Value:
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 registerWarning:
Subject to explanation and proof of address.Value:
Not Acceptable percentage
Criteria Policy Notes:
Not acceptable.
Criteria description:
Indicates the maximum loan to value (LTV) we will accept where there is an element of debt consolidation on a remortgage application.Value:
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.Value:
Directors & Shareholders
Criteria Policy Notes:
All shareholders must be directors for the Society to consider the application. All directors must be an applicant with a personal guarantee. Companies whose primary business is not property letting must have been trading for at least 3 years.
Criteria description:
Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Trading Ltd Companies.Warning:
Companies whose primary business is not property letting must have been trading for at least 3 years.Value:
Yes
Criteria Policy Notes:
All shareholders must be directors for the Society to consider the application.
Criteria description:
Indicates if we require shareholders in a 'Trading' Limited Company to provide personal guarantees as well as the 'Directors'.Value:
Directors & Shareholders
Criteria Policy Notes:
All shareholders must be directors for the Society to consider the application. All directors must be applicants.
Criteria description:
Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Special Purpose Vehicle Ltd Companies.Warning:
All directors must be applicants.Value:
Yes
Criteria Policy Notes:
All shareholders must be directors. All directors must be an applicant with a personal guarantee.
Criteria description:
Indicates if we require shareholders in a 'Special Purpose Vehicle' Limited Company to provide personal guarantees as well as the 'Directors'.Value:
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).Value:
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.Value:
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.Value:
Potentially Acceptable
Criteria Policy Notes:
Max £2,500 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.Value:
1
Criteria Policy Notes:
Maximum status 1 in the last 2 years and must be satisfied for at least 12 months.
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Potentially Ignored
Criteria Policy Notes:
Max £2,500 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.Value:
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.Value:
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.Value:
2500
Criteria Policy Notes:
Max £2,500 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.Value:
No Maximum
Criteria Policy Notes:
Max £2,500 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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Maximum status 1 in the last 2 years and must be satisfied for at least 12 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.Value:
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.Value:
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
This Society won't accept a deposit from another Ltd Company
Criteria description:
Indicates if we consider a Limited Company Buy to Let application where the source of deposit is from applicants other companyValue:
3
Criteria Policy Notes:
Bath Building will accept up to 3 flats in a Multi Unit Freehold.
Criteria description:
Indicates the maximum number of units permitted on a single title multi unit propertyValue:
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 or MUFB plans.Value:
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.Value:
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.Value:
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.Value:
100000
Criteria Policy Notes:
£100k
Criteria description:
Indicates if we have a minimum property value they require for new Buy to Let applications.Value:
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.
Criteria description:
Indicates if we can potentially lend on properties that have overhead power lines running above them.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
This is not acceptable to the Society.
Criteria description:
Indicates if we will consider a Limited Company Buy to Let application from a layered Ltd CompanyValue:
No Maximum
Criteria Policy Notes:
The Society has no maximum age for buy to let applications.
Criteria description:
Indicates the maximum age an applicant can be at application.Warning:
Affordability must be proven into retirement.Value:
Acceptable
Criteria Policy Notes:
The Society can consider an application Limited Company wishes to purchase a property from one of its directors or shareholders.
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'.Warning:
We do not accept an undervalue purchase of this nature.Value:
36 months
Criteria Policy Notes:
Companies whose primary business is not property letting must have been trading for at least 3 years.
Criteria description:
Indicates if there is a minimum trading period for 'Trading Limited Companies' and if so how long IN MONTHS this is.Value:
4
Criteria Policy Notes:
The maximum applicants allowed is 4.
Criteria description:
Indicates the maximum number of applicants we can consider when lending to Trading Limited CompaniesWarning:
All shareholders must be directors. All directors must be applicants.Value:
Accepted
Criteria Policy Notes:
Companies whose primary business is not property letting must have been trading for at least 3 years.
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.Value:
No Minimum months
Criteria Policy Notes:
Companies formed solely for the purpose of property letting (SPV’s) are acceptable from day one.
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.Value:
4
Criteria Policy Notes:
The Society can consider a maximum of 4 applicants.
Criteria description:
Indicates the maximum number of applicants we can consider when lending to Special Purpose Vehicle Limited Companies.Warning:
All shareholders must be directors. All directors must be applicants.Value:
Accepted
Criteria Policy Notes:
Companies formed solely for the purpose of property letting (SPV’s) are acceptable from day one.
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)'.Value:
Accepted
Criteria Policy Notes:
The Society can accept applications from Limited Companies.
Criteria description:
Indicates if we can potentially accept Buy to Let applications from Limited CompaniesWarning:
Value:
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 applicationsValue:
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 residenceValue:
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 propertyValue:
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)Value:
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.Value:
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.Value:
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 propertiesValue:
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.Value:
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 propertyValue:
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.Value:
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.Value:
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'Value:
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 manyValue:
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)Value:
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 SchemeValue:
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 SchemeValue:
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 borrowerValue:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on properties with spray foam insulation.
Criteria description:
Indicates if we can potentially consider properties where there is spray foam insulationWarning:
Subject to valuer's comments.Value:
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.Value:
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 CornishValue:
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.Value:
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.Value:
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 applicationsValue:
180 days
Criteria Policy Notes:
6 months
Criteria description:
Displays the number of days a STANDARD Buy to Let mortgage offer is valid for.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society does lend on properties in mainland Scotland and the following islands:
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.Value:
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".Value:
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.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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on 'Multi Unit Freehold' properties.
Criteria description:
Indicates if we can potentially lend on single title multi-unit propertiesWarning:
These will be considered on our HMO products.Value:
500000
Criteria Policy Notes:
£500,000.00
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
1
Criteria Policy Notes:
We underwrite all cases manually and use Equifax as a credit agency.
Criteria description:
Indicates the number of credit reference agencies we may use during the entire application process.Value:
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.Value:
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.Value:
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.Value:
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 applicationValue:
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 applicationValue:
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 applicationValue:
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 applicationValue:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider applicants that hold a 'Tier 1' working visa.
Criteria description:
Indicates if we can potentially accept a buy to let application from an applicant that holds a Working Tier 1 Visa. These visas can be issued to Entrepreneurs, Exceptional Talents, Graduate Entrepreneurs, and Investors.Value:
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.Value:
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 testValue:
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 auctionValue:
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not accept applicants income that is made up primarily of benefits.
Criteria description:
Indicates if we can potentially accept income where it is primarily made up of benefits. An example of this would be where benefit income exceeds earned income or represents more than 50% of total income.Value:
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.Value:
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 offeredValue:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can 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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider applicants that hold a 'Tier 2' working visa.
Criteria description:
Indicates if we can potentially accept a buy to let application from an applicant that holds a Working Tier 2 Visa. These visas can be issued to General workers who've been offered a skilled position in the UK, Intra-company Transfers, Ministers of Religion and Sportspersons.Value:
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.Value:
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 SchemeValue:
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.Value:
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 feesValue:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is medical expenses
Criteria description:
Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is medical expensesValue:
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)Value:
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 investmentsValue:
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 roadsValue:
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 servicesWarning:
PLEASE NOTE WE CANNOT CONSIDER SHARED ACCESS WITH FAMILY MEMBERSValue:
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 ClauseValue:
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)Value:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on coach houses
Criteria description:
Indicates if we can potentially consider a coach house propertyValue:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on a woolaway property
Criteria description:
Indicates if we can potentially consider a woolaway propertyWarning:
If repaired with the benefit of NHBC or Zurich warranty.Value:
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 propertyValue:
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 accreditedValue:
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 propertiesValue:
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 propertiesValue:
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)Value:
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)Value:
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 propertiesValue:
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)Value:
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 usValue:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially consider an application on a converted church
Criteria description:
Indicates if we can potentially consider an application on a converted churchValue:
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 warrantyValue:
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 homeValue:
Yes
Criteria Policy Notes:
Bath Building Society will not lend on properties with combustible cladding or materials on balconies without a EWS1 form
Criteria description:
Indicates if we require an EWS1 certificate for properties with combustible cladding or materials on balconiesValue:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on flats in a tower block that has cladding.
Criteria description:
Indicates if we can potentially consider lending on a property in a tower block with claddingWarning:
Will require an EWS1 form.Value:
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 completionValue:
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 usWarning:
Agreed on a case by case basis.Value:
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 leaseValue:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not lend on a basement flat
Criteria description:
Indicates if we can potentially lend on a basement flatValue:
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.Value:
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.Value:
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 applicationsValue:
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 applicationsValue:
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 commentsValue:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on 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).Warning:
Case by case basis. Would need to know full details of the propertyValue:
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.Value:
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.Value:
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.Value:
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 commentsValue:
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 schemeValue:
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.Value:
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.Value:
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 1987Value:
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.Value:
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.Value:
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.Value:
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 mortgageValue:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on flats above commercial food outlets.
Criteria description:
Indicates if we can potentially accept flats above a commercial food outlet.Warning:
Case by case basis we will look at. Fast food outlets, betting shops not acceptable. Other commercial outlets consideredValue:
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.Value:
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 sqmValue:
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 profileValue:
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 itValue:
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.Value:
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 propertiesWarning:
Acceptable providing the applicant puts the same amount of contribution inValue:
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.Value:
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.Value:
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.Value:
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'Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially consider 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 upfrontValue:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider applicants that have had CCJs registered in the past 3 months on Buy to Let applications.
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider Buy to Let applicants with any mortgage arrears in the previous 24 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.Value:
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'.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially consider a Buy to Let application with multiple tenancies. Applicants would have to choose from one of our HMO properties.
Criteria description:
Indicates if we can potentially consider applications from borrowers that wish to have multiple tenancies on a Buy to Let property.Value:
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'.Value:
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.Value:
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.Value:
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)Value:
No Maximum
Criteria Policy Notes:
We dont have a maximum as longs as it fits income multipliers and affordability
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%.Value:
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.Value:
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.Value:
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.Value:
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 11.8Value:
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.Value:
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.Value:
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.Value:
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%.Value:
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.Value:
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.Value:
75
Criteria Policy Notes:
Bath Building Society requires a minimum of 75% under private ownership in a block of ex-local authority flats.
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.Value:
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.Value:
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.Value:
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 requiredValue:
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 applicationsValue:
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.Value:
No Minimum months
Criteria Policy Notes:
Bath Building Society has no minimum length of time applicants need to have been in continuous employment. The applicant cannot be in a probation period.
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider an applicant that is classed as a politically exposed person.
Criteria description:
Indicates if we can potentially accept Buy to Let applications from an applicant that is considered a politically exposed person.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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 applicationsValue:
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).Value:
21 years
Criteria Policy Notes:
21 for Buy to Let applications
Criteria description:
The minimum age we will accept when assessing an applicant.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society does accept DSS/Housing benefit tenants. Maximum 60% ltv and stress tested at 150%
Criteria description:
Indicates if we can potentially consider applications from borrowers that wish to Let the property to DSS/Housing Benefit tenantsValue:
No Maximum
Criteria Policy Notes:
All property must be let under a standard Assured Shorthold Tenancy. There is no maximum amount of time.
Criteria description:
Indicates the maximum number of months we specify is required on an Assured Shorthold Tenancy (AST)Value:
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.Value:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Must be 75% privately owned.
Non standard construction properties not accepted.
Criteria description:
Indicates if we can potentially lend on ex local authority houses/bungalows.Warning:
Non standard construction properties not accepted.Value:
4
Criteria Policy Notes:
4
Criteria description:
The maximum number of applicants able to go on a Buy to Let mortgage application.Value:
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.Value:
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.Value:
4
Criteria Policy Notes:
Bath Building Society can consider applications where there are no more than 4 tenants on the Assured Shorthold Tenancy (AST).
Criteria description:
Indicates the maximum number of tenants permitted by us on a single Assured Shorthold TenancyValue:
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 LetValue:
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.Value:
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.Value:
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.Value:
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 studentsValue:
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.Value:
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 memberValue:
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.Value:
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.Value:
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.Value:
6
Criteria Policy Notes:
6 Months minimum.
Criteria description:
Indicates the minimum number of months we specify is required on an Assured Shorthold Tenancy (AST)Value:
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 developersValue:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society does not accept Protek as an acceptable new build warranty.
Criteria description:
Indicates if Protek is an acceptable new build warranty for us on new build properties.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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 purchaseValue:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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%.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Acceptable to Bath Building Society
Criteria description:
Indicates if we can potentially consider lending on properties located in Wales.Value:
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.Value:
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.Value:
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 WightValue:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
50000
Criteria Policy Notes:
£50k
Criteria description:
Indicates the minimum loan size (if there is one) that we accept for new applications.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society does not accept this type of situation.
Criteria description:
Indicates if we can potentially accept applications where the transaction constitutes an undervalue transaction.Value:
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).Value:
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.Value:
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.Value:
75 percentage
Criteria Policy Notes:
75% ltv maximum
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.Value:
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).Value:
5 years
Criteria Policy Notes:
5 years
Criteria description:
Indicates the minimum term a Buy to Let mortgage can be taken over.Value:
40 years
Criteria Policy Notes:
40 years maximum term
Criteria description:
Indicates the maximum term a Buy to Let mortgage can be taken over.Value:
No
Criteria Policy Notes:
Bath Building Society does not use 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.Value:
Yes
Criteria Policy Notes:
Bath Building Society uses Equifax
Criteria description:
Indicates if we use Equifax as a credit reference agency when assessing applications.Value:
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.Value:
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 agreementValue:
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.Value:
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.Value:
No Maximum years
Criteria Policy Notes:
No max for buy to lets
Criteria description:
Indicates the absolute maximum age we will lend to.Value:
Yes
Criteria Policy Notes:
Bath Building Society may be able to 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.Value:
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.Value:
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.Value:
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.Value:
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:
Criteria description:
Indicates if we can accept 'Portfolio' landlords and IMPORTANTLY how they define a portfolio landlord.Value:
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.Value:
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.Value:
No Maximum years
Criteria Policy Notes:
No max for buy to lets
Criteria description:
Indicates the absolute maximum age we will lend to.Value:
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 borrowerValue:
21 years
Criteria Policy Notes:
21 for Buy to Let applications
Criteria description:
The minimum age we will accept when assessing an applicant.Value:
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 registerWarning:
Subject to explanation and proof of address.Value:
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.Value:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Maximum status 1 in the last 2 years and must be satisfied for at least 12 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.Value:
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.Value:
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.Value:
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.Value:
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 (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.Value:
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.Value:
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider applicants that have had CCJs registered in the past 3 months on Buy to Let applications.
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.Value:
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.Value:
Yes
Criteria Policy Notes:
Bath Building Society may be able to 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.Value:
No
Criteria Policy Notes:
Offers valid for 6 months. The application can be considered if it falls outside of this, but it will have to be reassessed and on the products available at the time. Refer to Lender.
Criteria description:
Indicates if we can potentially extend a clients mortgage offer beyond the standard expiry.Value:
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.Value:
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).Value:
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.Value:
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.Value:
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.Value:
Yes
Criteria Policy Notes:
Bath Building Society uses Equifax
Criteria description:
Indicates if we use Equifax as a credit reference agency when assessing applications.Value:
No
Criteria Policy Notes:
Bath Building Society does not use 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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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 agreementValue:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can accept Debt Relief Orders if the applicant has been clear for at least 24 months
Criteria description:
Indicates if we can consider an applicant with a satisfied debt relief orderValue:
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.Value:
Potentially Acceptable
Criteria Policy Notes:
Max £2,500 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.Value:
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.Value:
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.Value:
Potentially Ignored
Criteria Policy Notes:
Max £2,500 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.Value:
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.Value:
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 SchemeValue:
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 SchemeValue:
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'Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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 memberValue:
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 profileValue:
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 itValue:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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 usWarning:
Agreed on a case by case basis.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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 applicationsValue:
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.Value:
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 SchemeValue:
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.Value:
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.Value:
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 propertiesValue:
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 manyValue:
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 propertyValue:
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.Value:
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)Value:
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.Value:
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.Value:
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.Value:
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'Value:
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 applicationsValue:
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 propertyValue:
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.Value:
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.Value:
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)Value:
80 percentage
Criteria Policy Notes:
Criteria description:
Indicates the maximum potential loan to value (LTV) we can accept where the property type is a NEW BUILD house/bungalow.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not accept applicants income that is made up primarily of benefits.
Criteria description:
Indicates if we can potentially accept income where it is primarily made up of benefits. An example of this would be where benefit income exceeds earned income or represents more than 50% of total income.Value:
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.Value:
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.Value:
4 years
Criteria Policy Notes:
Registered over 4 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.Warning:
must have been satisfied for at least 3 yearsValue:
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 offeredValue:
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.Value:
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
This is not acceptable to the Society.
Criteria description:
Indicates if we will consider a Limited Company Buy to Let application from a layered Ltd CompanyValue:
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.Value:
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 applicationValue:
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 applicationValue:
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 applicationValue:
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 applicationValue:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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 WightValue:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society does lend on properties in mainland Scotland and the following islands:
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.Value:
Acceptable
Criteria Policy Notes:
Acceptable to Bath Building Society
Criteria description:
Indicates if we can potentially consider lending on properties located in Wales.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society will use the uplifted value in this situation. 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.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.Value:
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.Value:
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.Value:
No Minimum months
Criteria Policy Notes:
Companies formed solely for the purpose of property letting (SPV’s) are acceptable from day one.
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.Value:
Directors & Shareholders
Criteria Policy Notes:
All shareholders must be directors for the Society to consider the application. All directors must be applicants.
Criteria description:
Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Special Purpose Vehicle Ltd Companies.Warning:
All directors must be applicants.Value:
4
Criteria Policy Notes:
The Society can consider a maximum of 4 applicants.
Criteria description:
Indicates the maximum number of applicants we can consider when lending to Special Purpose Vehicle Limited Companies.Warning:
All shareholders must be directors. All directors must be applicants.Value:
Yes
Criteria Policy Notes:
All shareholders must be directors. All directors must be an applicant with a personal guarantee.
Criteria description:
Indicates if we require shareholders in a 'Special Purpose Vehicle' Limited Company to provide personal guarantees as well as the 'Directors'.Value:
36 months
Criteria Policy Notes:
Companies whose primary business is not property letting must have been trading for at least 3 years.
Criteria description:
Indicates if there is a minimum trading period for 'Trading Limited Companies' and if so how long IN MONTHS this is.Value:
Directors & Shareholders
Criteria Policy Notes:
All shareholders must be directors for the Society to consider the application. All directors must be an applicant with a personal guarantee. Companies whose primary business is not property letting must have been trading for at least 3 years.
Criteria description:
Indicates if we consider both 'Directors AND Shareholders' as applicants or 'Directors' only when assessing applications from Trading Ltd Companies.Warning:
Companies whose primary business is not property letting must have been trading for at least 3 years.Value:
4
Criteria Policy Notes:
The maximum applicants allowed is 4.
Criteria description:
Indicates the maximum number of applicants we can consider when lending to Trading Limited CompaniesWarning:
All shareholders must be directors. All directors must be applicants.Value:
Yes
Criteria Policy Notes:
All shareholders must be directors for the Society to consider the application.
Criteria description:
Indicates if we require shareholders in a 'Trading' Limited Company to provide personal guarantees as well as the 'Directors'.Value:
Accepted
Criteria Policy Notes:
The Society can accept applications from Limited Companies.
Criteria description:
Indicates if we can potentially accept Buy to Let applications from Limited CompaniesWarning:
Value:
Accepted
Criteria Policy Notes:
Companies formed solely for the purpose of property letting (SPV’s) are acceptable from day one.
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)'.Value:
Accepted
Criteria Policy Notes:
Companies whose primary business is not property letting must have been trading for at least 3 years.
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.Value:
No Maximum
Criteria Policy Notes:
The Society has no maximum age for buy to let applications.
Criteria description:
Indicates the maximum age an applicant can be at application.Warning:
Affordability must be proven into retirement.Value:
Not Acceptable
Criteria Policy Notes:
This Society won't accept a deposit from another Ltd Company
Criteria description:
Indicates if we consider a Limited Company Buy to Let application where the source of deposit is from applicants other companyValue:
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.Value:
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.Value:
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.Value:
500000
Criteria Policy Notes:
£500,000.00
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.Value:
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 applicationsValue:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider Buy to Let applicants with any mortgage arrears in the previous 24 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.Value:
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.Value:
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.Value:
No Maximum
Criteria Policy Notes:
Max £2,500 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.Value:
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.Value:
40 years
Criteria Policy Notes:
40 years maximum term
Criteria description:
Indicates the maximum term a Buy to Let mortgage can be taken over.Value:
1
Criteria Policy Notes:
Maximum status 1 in the last 2 years and must be satisfied for at least 12 months.
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.Value:
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.Value:
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.Value:
2500
Criteria Policy Notes:
Max £2,500 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.Value:
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.Value:
No Maximum
Criteria Policy Notes:
We dont have a maximum as longs as it fits income multipliers and affordability
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%.Value:
No Maximum
Criteria Policy Notes:
All property must be let under a standard Assured Shorthold Tenancy. There is no maximum amount of time.
Criteria description:
Indicates the maximum number of months we specify is required on an Assured Shorthold Tenancy (AST)Value:
4
Criteria Policy Notes:
4
Criteria description:
The maximum number of applicants able to go on a Buy to Let mortgage application.Value:
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.Value:
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.Value:
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.Value:
2
Criteria Policy Notes:
Bath Building Society will allow up to 2 students on a single AST
Criteria description:
Indicates the maximum number of students we can consider on a single ASTValue:
4
Criteria Policy Notes:
Bath Building Society can consider applications where there are no more than 4 tenants on the Assured Shorthold Tenancy (AST).
Criteria description:
Indicates the maximum number of tenants permitted by us on a single Assured Shorthold TenancyValue:
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.Value:
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 applicationsValue:
No Minimum months
Criteria Policy Notes:
Bath Building Society has no minimum length of time applicants need to have been in continuous employment. The applicant cannot be in a probation period.
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.Value:
50000
Criteria Policy Notes:
£50k
Criteria description:
Indicates the minimum loan size (if there is one) that we accept for new applications.Value:
75
Criteria Policy Notes:
Bath Building Society requires a minimum of 75% under private ownership in a block of ex-local authority flats.
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.Value:
100000
Criteria Policy Notes:
£100k
Criteria description:
Indicates if we have a minimum property value they require for new Buy to Let applications.Value:
5 years
Criteria Policy Notes:
5 years
Criteria description:
Indicates the minimum term a Buy to Let mortgage can be taken over.Value:
6
Criteria Policy Notes:
6 Months minimum.
Criteria description:
Indicates the minimum number of months we specify is required on an Assured Shorthold Tenancy (AST)Value:
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 mortgageValue:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on 'Multi Unit Freehold' properties.
Criteria description:
Indicates if we can potentially lend on single title multi-unit propertiesWarning:
These will be considered on our HMO products.Value:
3
Criteria Policy Notes:
Bath Building will accept up to 3 flats in a Multi Unit Freehold.
Criteria description:
Indicates the maximum number of units permitted on a single title multi unit propertyValue:
30
Criteria Policy Notes:
Each flat must have a minimum of 30sqm.
Criteria description:
Indicates if there is a minimum square meterage requirement on a single title multi unit propertyValue:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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 warrantyValue:
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.Value:
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.Value:
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society does not accept Protek as an acceptable new build warranty.
Criteria description:
Indicates if Protek is an acceptable new build warranty for us on new build properties.Value:
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.Value:
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.Value:
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.Value:
1
Criteria Policy Notes:
We underwrite all cases manually and use Equifax as a credit agency.
Criteria description:
Indicates the number of credit reference agencies we may use during the entire application process.Value:
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.Value:
180 days
Criteria Policy Notes:
6 months
Criteria description:
Displays the number of days a STANDARD Buy to Let mortgage offer is valid for.Value:
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).Value:
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.Value:
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.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider an applicant that is classed as a politically exposed person.
Criteria description:
Indicates if we can potentially accept Buy to Let applications from an applicant that is considered a politically exposed person.Value:
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.Value:
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.Value:
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.Value:
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:
Criteria description:
Indicates if we can accept 'Portfolio' landlords and IMPORTANTLY how they define a portfolio landlord.Value:
No
Criteria Policy Notes:
Bath Building Society does not allow post offer changes.
Criteria description:
Indicates if we will allow post-offer changesValue:
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.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.Value:
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.Value:
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.Value:
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.Value:
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 usValue:
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)Value:
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 commentsValue:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially consider an application on a converted church
Criteria description:
Indicates if we can potentially consider an application on a converted churchValue:
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 CornishValue:
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 propertiesValue:
Yes
Criteria Policy Notes:
Bath Building Society will not lend on properties with combustible cladding or materials on balconies without a EWS1 form
Criteria description:
Indicates if we require an EWS1 certificate for properties with combustible cladding or materials on balconiesValue:
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 commentsValue:
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.Value:
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)Value:
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)Value:
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%.Value:
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 schemeValue:
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 testValue:
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.Value:
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.Value:
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)Value:
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 propertiesValue:
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.Value:
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 propertiesValue:
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 1987Value:
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 accreditedValue:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on flats in a tower block that has cladding.
Criteria description:
Indicates if we can potentially consider lending on a property in a tower block with claddingWarning:
Will require an EWS1 form.Value:
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 propertyValue:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on a woolaway property
Criteria description:
Indicates if we can potentially consider a woolaway propertyWarning:
If repaired with the benefit of NHBC or Zurich warranty.Value:
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 developersValue:
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.Value:
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.
Criteria description:
Indicates if we can potentially lend on properties that have overhead power lines running above them.Value:
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 requiredValue:
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 applicationsValue:
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 ClauseValue:
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.Value:
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 servicesWarning:
PLEASE NOTE WE CANNOT CONSIDER SHARED ACCESS WITH FAMILY MEMBERSValue:
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 completionValue:
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%.Value:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not lend on a basement flat
Criteria description:
Indicates if we can potentially lend on a basement flatValue:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on coach houses
Criteria description:
Indicates if we can potentially consider a coach house propertyValue:
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.Value:
Acceptable
Criteria Policy Notes:
Must be 75% privately owned.
Non standard construction properties not accepted.
Criteria description:
Indicates if we can potentially lend on ex local authority houses/bungalows.Warning:
Non standard construction properties not accepted.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on flats above commercial food outlets.
Criteria description:
Indicates if we can potentially accept flats above a commercial food outlet.Warning:
Case by case basis we will look at. Fast food outlets, betting shops not acceptable. Other commercial outlets consideredValue:
Acceptable
Criteria Policy Notes:
Refer to lender.
Criteria description:
Indicates if we can potentially accept flats that are above commercial offices.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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 sqmValue:
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 auctionValue:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on properties with spray foam insulation.
Criteria description:
Indicates if we can potentially consider properties where there is spray foam insulationWarning:
Subject to valuer's comments.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
As long as no commercial activity is taking place. Up to 6 acres max
Criteria description:
Indicates if we can potentially accept properties that have a significant amount of land (properties that have acreage).Value:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially lend on 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).Warning:
Case by case basis. Would need to know full details of the propertyValue:
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 homeValue:
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.Value:
Acceptable
Criteria Policy Notes:
The Society can consider an application Limited Company wishes to purchase a property from one of its directors or shareholders.
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'.Warning:
We do not accept an undervalue purchase of this nature.Value:
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".Value:
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.Value:
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.Value:
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'.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
75 percentage
Criteria Policy Notes:
75% ltv maximum
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.Value:
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.Value:
Not Acceptable percentage
Criteria Policy Notes:
Not acceptable.
Criteria description:
Indicates the maximum loan to value (LTV) we will accept where there is an element of debt consolidation on a remortgage application.Value:
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 leaseValue:
80 percentage
Criteria Policy Notes:
80% maximum
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).Value:
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 residenceValue:
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.Value:
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.Value:
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)Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially consider capital raising on a remortgage where the purpose of the funds is medical expenses
Criteria description:
Indicates if we can potentially consider capital raising on a remortgage where the purpose of the funds is medical expensesValue:
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 investmentsValue:
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.Value:
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 feesValue:
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.Value:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially consider 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 upfrontValue:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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).Value:
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.Value:
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.Value:
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 propertiesWarning:
Acceptable providing the applicant puts the same amount of contribution inValue:
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 purchaseValue:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
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.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can 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.Value:
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.Value:
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)Value:
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.Value:
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.Value:
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 LetValue:
Acceptable
Criteria Policy Notes:
Bath Building Society does accept DSS/Housing benefit tenants. Maximum 60% ltv and stress tested at 150%
Criteria description:
Indicates if we can potentially consider applications from borrowers that wish to Let the property to DSS/Housing Benefit tenantsValue:
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.Value:
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 or MUFB plans.Value:
Acceptable
Criteria Policy Notes:
Bath Building Society can potentially consider a Buy to Let application with multiple tenancies. Applicants would have to choose from one of our HMO properties.
Criteria description:
Indicates if we can potentially consider applications from borrowers that wish to have multiple tenancies on a Buy to Let property.Value:
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.Value:
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.Value:
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 studentsValue:
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'.Value:
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 11.8Value:
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 roadsValue:
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.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society does not accept this type of situation.
Criteria description:
Indicates if we can potentially accept applications where the transaction constitutes an undervalue transaction.Value:
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.Value:
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.Value:
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 applicationsValue:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider applicants that hold a 'Tier 1' working visa.
Criteria description:
Indicates if we can potentially accept a buy to let application from an applicant that holds a Working Tier 1 Visa. These visas can be issued to Entrepreneurs, Exceptional Talents, Graduate Entrepreneurs, and Investors.Value:
Not Acceptable
Criteria Policy Notes:
Bath Building Society will not consider applicants that hold a 'Tier 2' working visa.
Criteria description:
Indicates if we can potentially accept a buy to let application from an applicant that holds a Working Tier 2 Visa. These visas can be issued to General workers who've been offered a skilled position in the UK, Intra-company Transfers, Ministers of Religion and Sportspersons.This section is for use by professional Intermediaries only.
If you are a customer, please visit our Mortgages section.
