All about: Bath building society
Bath Building Society is a UK-based financial institution. Operating since 1904, Bath Building Society is a small building society which operates in the south and south-western regions of England. For more information about Bath Building Society, read this article.
Bath Building Society current status
Currently (01.07.11), Bath Building Society has 16 branch offices throughout the South and Southwest and has an asset base of £246 million (2010 financial returns).
Bath Building Society financial offerings
Mortgages Residential 3-year discount (1.5%)
This mortgage provides a rate for the first three years of 3.79%, followed by 5.29 thereafter.
. 3 year discount (1.0%)
This mortgage provides an introduction rate of 4.29% followed by the 5.29% thereafter.
Buy for UNI (Student mortgages)
These mortgages are designed to help students to buy a property. Ownership can either be jointly with their parents or on their own name. If they want to own the property solely on their own name, then the students will have to sign up their parents as guarantors. Mortgages can be for as much as 100%. However, anything over 80% requires a collateral charge over the parents. As for the rates, they come with a discount of 1.25% for a fixed term from one to five years. The interest rates thereafter will be fixed at 5.29%.
Holiday homes
These mortgages are designed to assist on the buying of holiday homes. Occasionally, a mortgage can be arranged up to 95% of the value of the holiday home, however, more often than not , the max loan rate is set at 80%. Interest rate for this mortgage is 6.08%.
Savings
Personal Bath banks and building societies savings plans are very extensive, coming to the total of eight categories of savings which are: tax free accounts, online accounts, children’s accounts, internet access accounts, premier cash ISA, fixed bond rate, notice accounts and postal accounts. The most innovative personal savings accent id their Premier Cash ISA which delivers 2.70% AER per year.
Business
There are several business savings account packages available, which includes fixed rate terms, bonds and fixed rate pension bonds. There most innovative business saving account is the Business Direct 30 Day Account, which pays out a gross interest rate of 1.30% on savings over £1. With this account, 30-day notice is required prior to making a withdrawal.
Bath and City Financial
Bath and City Financial is a division of Bath Building Society and it assists the members with the following services:
· Specialist mortgages.
· Investments.
· Protection for home and family.
· Retirement planning.
· Inheritance tax (IHT) planning.
*Please note that all building society interest rates which have been quoted are accurate as of July 2011.