Bath Building Society Equity Release Reviews (2022)
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How Much Can You Release? 👇
Bath Building Society Equity Release
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Bath Building Society the best?
The companies we profile, are the best in the business to help you unlock the cash tied into your home.We’re here to help you:
- Understand the services that Bath Building Society offers.
- Determine if they might be able to assist you and your family on your equity release journey.
Let’s find out NOW!
As experts in the equity release field (we’ve reviewed more than 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
Is Bath Building Society the ideal equity release loan company to assist you and your family?
What’s Equity Release?
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care.
Who Are Bath Building Society?
Bath Building Society is a trading name of the Bath Investment & Building Society, which is a building society, with headquarters in Bath, England.
Set up in 1904 as a friendly society, the society now focuses on savings and mortgages.
The mortgage business specialises in offering niche residential mortgage products to meet the individual demands of customers.
Popular products include rent-a-room and buy for university mortgages as well as products targeted at first-time buyers and retired customers.
It is a member of the Building Societies Association.
What About the Bath Building Society Equity Release Calculator?
Before you consider using the Bath Building Society calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Bath Building Society.
So first use this calculator below & see how much you can release.
How Much Can You Release?
Use the Calculator Below 👇
Editor’s Rating: 4.91
Why Consider Bath Building Society?
Bath Building Society aims to help its customers achieve their ultimate financial goals.
The business first opened in 1904 in the Georgian City of Bath. With over 100 years of experience, you’re bound to work with top-notch financial experts, if you select bath.
Bath Building Society Reviews & Ratings
- Bath Building Society Reviews on SmartMoneyPeople.com
- Reviews of Bath Building Society on Glassdoor.com
- Bath Building Society reviewed on UK.TrustPilot.com
Bath Building Society’s Equity Release Scheme Reviews
Technically not equity release, but similar, bath offers retirement interest-only mortgages, and has 2 plan options for you to choose from.
Bath Building Society Complaints
If you’re dissatisfied with Bath Building Society and want to make a complaint, the greatest place to do so is on their website.
They are concerned about their clients and will route you to the appropriate department if possible.
The alternative option, if you choose to use a review site like Trustpilot or Feefo, is to provide an assessment.
Pros & Cons
- Over 100 years of experience.
- No early repayment charges.
- Maximum LTV of 50%
- Their plans are available for house purchasing or remortgaging.
- Detailed website information.
- High minimum loan amount.
- No equity release, only RIOs. Therefore, interest repayment is compulsory.
- You can risk foreclosure if you fail to make payments.
- Few schemes to select from.
- Completion fees.
Bath’s Qualification Criteria
- Minimum Amount of Equity Offered: £50,000
- Maximum Amount of Equity Offered: £500,000
- Minimum Age Limit: 55
- Maximum Age Limit: None
- Source of Income: Yes, this is required
Bath Building Society Equity Release Schemes
Bath Building Society Interest Only RIO Mortgage Details (LPA)
Retirement mortgage (power of attorney) variable lifetime discount comes with interest rates from 3.05% and completion fees of 0.4%, starting at £599.
You’ll need to pay the interest monthly.
Bath Building Society Interest Only RIO Mortgage (non-LPA)
Retirement mortgage (non-power of attorney) variable lifetime discount has similar features, but interest rates start at 3.55%.
Bath Building Society’s Equity Release Interest Rates & Schemes Compared
Are you looking for a specific equity release scheme? These are some of the schemes offered or covered by Bath Building Society.Search:
|Product Name||Interest Rate The interest rate is the cost of borrowing the principal.||APR The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan.||Type|
|Bath Building Society RIO Mortgage||3.05%||3.2%||Discounted|
|Bath Building Society RIO Mortgage||3.55%||3.7%||Discounted|
Not what you’re looking for?
Have a look at all the equity release schemes available on the market, with our easy-to-use table or compare the equity release rates!
Learn More About Bath Building Society
Originally a Friendly Society that used its members’ money to buy a rental property.
It changed its name to a Building Society in the 1950s and began lending money to those who wanted to buy their own homes.
As one of the UK’s smallest Societies, they’re committed to providing a personal service to their members.
They don’t have automated contact centres, so when you phone us, you’ll get directly through to the team and have direct access to the decision-makers.
And because we’re a small Society, we have a lot more flexibility in terms of meeting the needs of individual clients.
They offer two branches in central Bath and Oldfield Park, as well as six regional agencies and a customer care staff.
Making it very convenient to do business with them in person, over the phone, via live chat, or by email.
- 15 Queen Square
- BA1 2HNB A 1 2 H N
- UNITED KINGDOM
- Bath Investment & Building Society
FCA Permitted Services
- Mortgages & Home Finance
- Other Services
- Financial Conduct Authority (FAC) ¹
- Financial Services Authority Now the Prudential Regulation Authority (PRA) ¹
- FCA Ref Number: 206026
- FCA Reg Number: 0000030B
- FCA Link: FCA Link
Bath Building Society Contact Number & Address
- 15 Queen Square, Bath BA1 2HN, United Kingdom
Is Bath Building Society A Member of the Equity Release Council?
No, Bath Building Society is not a member of the Equity Release Council. However, they do offer some equity release products and options for those looking to access their property wealth via an alternative route to downsizing or selling up.
What Are Bath Building Society's Interest Rates?
Bath Building Society offers a couple of different rates depending on the situation:
- If you’re over 60 years old and need to access cash for medical or moving expenses then Bath BS charge 4.45% APR;
- If you’re over 55 and want to release some money, but don’t need it straight away (for moving expenses or medical issues) then they charge 4.95% APR;
- If you’re over 50 and want to release equity from your property – eg. for renovations, paying back debts, etc. – then Bath BS charge a 5% APR.
Who Owns Bath Building Society?
Bath Building Society is a subsidiary of West Brom Bank Limited.
Where is Bath Building Society Located?
Bath BS is located in Bath and operates under the West Brom Bank Limited, which is a subsidiary of Tesco Personal Finance plc.
So here’s the scoop – our intention is to help you by finding the best Bath Building Society lifetime mortgage so that you can spend the money on something that you really want, rather than on a high tax bill.
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Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.