Family Assist Mortgage
Buy with help from family
Our Family Assist Mortgage allows family members to use their savings to help you secure a more affordable mortgage.
A family member provides security to the mortgage by opening a Family Assist Savings Account with a minimum amount of 10% of the purchase price of the property.
The savings account must be held open with the Society for a period of 2 years, after which the account can be closed and the funds withdrawn by the saver(s). You will also have to provide a deposit of 5% towards the purchase of the property.
The full amount of mortgage must still be affordable by you, however, you will be offered a mortgage product from our Family Assist product range, making the monthly payments more affordable.
The Family Assist Mortgage is available to first time buyers and home movers (not available for self-build or remortgage applications).
To borrow with Progressive Building Society, you must be over 18. Whether we provide credit will depend on your circumstances. Lending terms and conditions apply.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Use our mortgage calculator below
Use our mortgage calculator to view our current mortgage deals. You’ll get an idea of how much you could borrow and compare monthly payments. This calculator is for illustrative purposes only and is not a mortgage offer. To get a Decision in Principle, talk to our mortgage team.
Find the right mortgage for you
Mortgage Summary
Your mortgage summary will appear here when you start using the calculator.
Speak to our team today
We’d love to talk you through the mortgage process and help you find a suitable product. For more information or to apply for an account, you can call us, email us, pop into one of our 11 branches. We look forward to hearing from you.