Help from the Bank of Mum & Dad. Bath Building Society offer 100% mortgages through its parent assisted (PAMS) product.

This type of mortgage will suit parents who want to help their children get onto the property ladder, but they don’t have the spare funds for a full deposit.

Instead of savings, parents can provide a deposit via equity in their own residential property. We only assess the applicants affordability, not the parents.

Lending Criteria 

• Loan size Minimum £50,000, Maximum £350,000.
• Term: Minimum 5 years, Maximum 40 years.
• Repayment: Capital Repayment Only.
• Property Minimum Value: £100,000. Must be in England or Wales.
• Applicant Age: Minimum 21, Maximum 85, subject to income in retirement.
• Minimum income of £20,000, no minimum period of employment but must have passed probation, or self-employed for at least 3 years.

For further information contact Kerrin White, Business Development Manager, on 01225 475 732 or 07469 353 396. Or email kerrinwhite@bibs.co.uk