Bath Building Society Equity Release Reviews (2022)

We Review Bath Building Society Equity Release & Look at the Pros, Cons & Schemes They Offer
Contributors: Nicola Date, Katherine Read. Rachel Wait & Reviewed by Francis Hui
Are You Considering Bath Building Society Equity Release? What Are the Pros, Cons & Costs? Read Our Reviews & Discover If Bath Building Society Lifetime Mortgage Plans Are for You.

Before You Start Reading…

How Much Can You Release? 👇

 

Equity Release Calculator

Value of Your Home?

50000

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🔒 100% Safe & Fast

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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?

TABLE OF CONTENTS

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 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

Featured In
yahoofinance marketwatch

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’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

Pros

  • 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.

Cons

  • 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.

FCA Details

FCA Address

  • 15 Queen Square
  • Bath
  • Avon
  • BA1 2HNB A 1 2 H N
  • UNITED KINGDOM

Trading Names

  • Bath Investment & Building Society

FCA Permitted Services

  • Insurance
  • Banking
  • Mortgages & Home Finance
  • Investments
  • Other Services

Regulators

  • Financial Conduct Authority (FAC) ¹
  • Financial Services Authority Now the Prudential Regulation Authority (PRA) ¹

Registration Numbers

  • FCA Ref Number: 206026
  • FCA Reg Number: 0000030B

FCA Link

Bath Building Society Contact Number & Address

Got Questions

Is Bath Building Society A Member of the Equity Release Council?

What Are Bath Building Society's Interest Rates?

Who Owns Bath Building Society?

Where is Bath Building Society Located?

Conclusion

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.

Before You Go…

Use the FREE Calculator Below 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

Featured In
yahoofinance marketwatch

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.

rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
John Lawson

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.
francis

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.
nicola

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

See How Much You Can Release 👇

Use the QUICK form below.

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Safe & Fast

As Featured In
yahoofinance marketwatch