Progressive Building Society Mortgages

You can quickly view and compare all the mortgages from the Progressive Building Society. Use the mortgage search and compare tools to see how the Progressive BS compares against other comparable lenders. Use the tools to find your pefect mortgage deal from the entire UK mortgage market.

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About Progressive Building Society Mortgages

The Progressive Building Society was formed in 1914 when five smaller societies merged together. The society’s growth was initially rather slow, but once Hugh Brown took over in 1940, the Progressive Building Society thrived. By 2010, the Progressive had an extensive branch and agency network catering for the smaller communities, and in 2014 it merged with the City of Derry Building Society in order to benefit more members. Services include savings accounts, mortgages and insurance products. The society also offers an e-savings facility for customers with online access. Customers with the Progressive Building Society can choose between fixed rate mortgages, variable rate mortgage, standard variable rate mortgages, and self-build products. The Progressive website features a mortgage calculator, which can help customers work out what their payments would be.

Fixed rate and variable rate Progressive BS mortgage products are available. Mortgages with a loan to value above 90% may be subject to a higher lending charge in the form of an insurance policy to protect the lender against default and re-possession. The cost of this can be added to a customer’s mortgage account.

Family Assist

Progressive’s Family Assist Mortgage offers borrowers a competitive rate on their mortgage with as little as a 5% deposit and in return the borrower’s relative opens a Progressive Family Assist Savings Account for an amount up to 20% of the purchase price of the property for a period of 5 years. The borrower’s deposit can be higher than 5%, but the total combined value of the deposit and the savings must be equivalent to 25% of the property price.

First Time Buyers

The first time buyer mortgages are available as 2 to 5 years variable and fixed rate, with starting APR from 0.99% to 3.99%.

Self-Build

The self build mortgages are available as 2 to 3 years discount rate, with starting APR from 2.99% to 3.49%. There is a maximum of 75% LTV on self-build products.

Moving Home

The mortgages are available as 2 years discount and fixed rate, with starting APR from 0.99% to 4.69%, and 3 to 5 years fixed rate, with starting APR from 2.04% to 3.09%.

Remortgaging

The mortgages are available as 2 year discount and fixed rate, with starting APR from 0.99% to 2.22%, and 5 years fixed rate, with starting APR from 2.39% to 2.84%.

The Core Features of Progressive Building Society Mortgages

  • Valuation admin fee excluded from any refund offer
  • Cash back on legal fees
  • Free Valuation offer on purchase mortgage

How does it work?

You can apply for the desired mortgage online by visiting their website. Use their FREE mortgage calculator to compare the mortgages offered by Progressive Building Society with over 5,000 of the lasts mortgage deals. After completion of your application, they will arrange for a valuer to value the property and send you and your solicitor a written formal offer of mortgage. Once your mortgage is agreed your solicitor will complete the legal work and request funds. The mortgage process is now complete.

The Final Advice

Offering a range of simple and flexible mortgage solutions in a considerable range, Progressive Building Society is the most suitable option for most of the first time buyers.

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