FAQs - Savings and Mortgages
Our minimum mortgage term is 6 years and our maximum mortgage term is 40 years subject to repayment in full within the applicants expected working lifetime.
How much you can borrow will depend on your individual circumstances. We will need to assess your income, the amount of deposit you have and any other financial commitments you have such as loans or overdrafts and we may need to carry out a more detailed affordability assessment.
Our Mortgage Calculator can give you a rough idea of what you can afford, but when you talk to our Mortgage Advisors they’ll be able to give an indication of what you could borrow.
Yes, if you earn in Euro or US Dollar, you may be able to get a mortgage with Progressive (Lending criteria, Terms & Conditions apply). Find out more about Progressive's Foreign Currency Mortgage.
You’ll make your first mortgage payment the month after your mortgage commences. Your first mortgage payment will be higher than your regular payments as it includes initial interest. Initial interest is made up of the interest from the start of your mortgage to the end of that month which is added to your first monthly repayment.
Yes. You can choose to have your payment collected on 5th, 15th or 28th of each month (payments set for the 28th will collect on the last banking day of the month).
If changing your date, please ensure you still make a payment when due, while the change is being implemented. To change your payment date, please contact our Support Team on 0800 0294 997.
A fixed rate mortgage means the interest rate of your mortgage remains the same for a set period and your monthly payments will not change during that time.
After the fixed rate period ends your mortgage will automatically move to a variable rate.
With a variable rate your mortgage payments may move in line with market conditions, meaning your payments could go up or down.