Whether a Bath Building Society mortgage might be a good fit for you will depend on your borrowing needs and personal circumstances. Make sure to familiarise yourself with the various types of lending they offer so you can be confident you are making an informed decision.
Compare Bath Building Society mortgages
If you are resident in England or Wales you may be able to apply for one of the following types of mortgage from Bath Building Society. They normally lend up to around 80% of a property’s market value but may lend up to 100% in exceptional circumstances.
Please note: Bath Building Society mortgages are not open to residents in Scotland or Northern Ireland.
First Time Buyers
Bath Building Society have a particular focus on first time buyers, including the self-employed. They offer a number of options to make buying a first home more feasible, including running a Parent Assisted Mortgage Scheme. This allows parents to help their children get on the property ladder even if they don’t have the money spare for a deposit.
Mortgages for students
Students may be able to apply for a mortgage of up to 100% from Bath Building Society, allowing them to buy a property to live in and rent out the spare rooms. The amount students can borrow will depend on the rental value of the property and may require their parents to use their own properties for collateral.
Buy to Let
If you want to buy a property specifically to rent it out, you can apply for a buy to let mortgage. The amount you can borrow will usually depend on the rental income of the property and this must equal at least 125% of the interest on the mortgage.
Loan to value ratio
For most standard mortgages, the amount you can borrow will be heavily dependant on the loan to value (LTV) ratio. This tells you how much you want to borrow on a property (including any existing loans) versus the property’s market value.
For example, if your property is valued at £100,000 and you want to take out a mortgage for £50,000, this would give you a LTV of 50%. If you then took out a subsequent loan secured on the property for £25,000, this would put your LTV at 75%.
Most lenders will offer better interest rates on deals with a lower LTV.
Find the best deals on mortgage rates
Many customers are put off from finding the best deal on their mortgage by the thought of having to shop around lots of different providers. Our mortgage calculator makes things much simpler by doing the hard work for you.
All you need to do is put in some basic information, such as your reason for borrowing, how much you need and how long for. The calculator will then show you the best deals we have found from across the market that match your requirements. Head to the top of the page to try it out now.