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 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 savings are used as security against the borrower’s mortgage. The savings account will earn interest (please refer to the Family Assist Savings Account for more detail).
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