TODA. 1 - Yes is the answer.
A lot of people have asked various questions about "The odds" of this programme, and the upper and lower ages, the minimum academic quals, maximum number of hours for PPL holders etc...etc..
This is a fair and honest scheme - BA have set a minimum 'Bar' in terms of what you must have in order to enter. If you meet this criteria (and its a fairly broad one) then you have the same chances as everyone else. After that the selection process doesn't care if you are 19 or 49, with 3 A Levels or a PHD in Particle Physics, Male or Female, nationality, any of those things - its a genuinely fair process and looks only at merit and ability.
If you meet the criteria - go for it.