Bath Building Society News. |
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2012 - Bath Building
Society have launched a buy for university mortgage. The mortgage is available to students in Higher Education throughout
England and Wales. An application can be made in the sole name of the student, or jointly between the student and their parents.
In the case of a sole application, Bath will require a parental guarantee. They will lend up to 100% of the value of the property,
subject to a maximum £250,000. The actual amount you can borrow will depend on the income that will be received from
letting rooms within the property. Where this is insufficient to support the mortgage, they will consider parental income
after deductions for financial commitments.
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Financial Results Year Ended 31st December 2011 |
The Society made a profit after tax of £1,673,000,000 as against £908,000 the year before.
During the year savings balances grew by 2.1% and the Bath online account
was launched. The mortgage book grew to £183.9 million and there were 19 mortgage loans that were 4 months or more in
arrears and 4 properties were in possession. provisions for bad debts was £320,000 and £110,000 was paid to the
FSCS Levy.
Management expenses as a percentage of mean total
assets dropped to 1.31%.
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Financial Results year ending 31st December 2010 |
The Bath Building Society made a profit after tax of £908,000 as against £687,000 the year
before. During the year arrears rose to £148,827 and 1
properties were repossessed. Mortgage balances rose from £172.8 million to £179.5 million with
net lending of £7.1 million. The number of mortgages that were 3 months of more in arrears was 18 (15 in 2009)
Management expenses as a percentage of mean total assets dropped
to 1.33%.
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Financial Results year ending 31st December 2009 |
The Bath Building Society made a profit after tax of £687,000 as against £300,000 the year
before. This figure is after paying £169,000 to the fscs levy. During the year arrears rose to £132,000 (£81,600 2008) and 4 properties were repossessed. 3
accounts were 12 months or more in arrears and the society had 7 properties on the books to be sold off after repossession. Management expenses as a percentage of mean total assets dropped to 1.49% from 1.71%
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Financial Results year ending 31st December 2008 |
The Bath Building Society made a profit after tax of £300,000 as against £633,000 the year
before. This figure is after paying £213,000 to the fscs levy. During the year arrears rose to £81,600 (£44,500 2007) and 5 properties were repossessed. No accounts
were 12 months or more in arrears. Shares and deposits grew
by 14.2% to £200.5 million.
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Established 1904 Head Office Bath Building Society 15 Queen Square Bath BA1 2HN Tel 01225 423271 Branch Offices 3 Wood Street, Bath, BA1 2JQ 1 Avenue
Place, The Avenue, Combe Down, BA2 5EE 1 Beafort Place, Larkhall, BA1 6RP 12/13 Moorland Road, Oldfield Park, BA2 2PL 88 The Parade, High Street, Twerton,
BA2 1DE
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Bath Building Society Directors' Remuneration year
ended 31/12/2011 |
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Pension and Life Contributions |
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Bath Building Society had maximum of 5 during the year |
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The Bath Building Society offers a range of savings accounts including
ISAs, Monthly Saver Accounts, Instant Access Accounts and Notice Accounts. On
the mortgage side they offer Residential mortgages for house purchase and remortgage, Parental Assistance Mortgage Scheme, First Time Buyer mortgages up to 90% LTV,
Buy for Uni mortgages parental assistance mortgages
aimed at students at University. Buy to let, Holiday lets, Semi-commercial mortgages,Property development finance.
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