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