Request a Callback

Family AssistFirst time BuyersSelf-BuildMoving homeRemortgaging

Family Assist


THE SOCIETY ONLY LENDS ON PROPERTIES WITHIN NORTHERN IRELAND.

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 savings are used as security against the borrower’s mortgage.

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.

The Family Assist Mortgage is available to first time buyers and home movers (not available for self-build or remortgage applications).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


Product Rate SVR Overall Cost for Comparison Arrangement Fee Valuation
Fee
LTV Product Features
2 Year Discount 2.99% 4.75% 4.59% APRC £0 Free 95% More Info

Representative Example


Based on an assumed start date of 30/4/2018, a mortgage of £109,950 payable over 35 years, initially on our discounted variable rate of 2.99% for 2 years, followed by our Standard Variable Rate currently 4.75% for the remaining 33 years, would require 24 monthly payments of £422.53 and 396 monthly payments of £532.03.

The total amount payable would be £220,824.60 made up of the loan amount plus interest of £110,874.60.

The overall cost for comparison is 4.59% APRC.