Progressive Building Society have announced some forthcoming changes. See below for details. For current product information, lending criteria etc their intermediary website can be accessed here REMEMBER, you can also speak to our dedicated Specialist team for more information or guidance.
Improved rates
Please find attached our revised mortgage package which will take effect from 18th August 2023.
You will note there a number of changes across the package, they are as follows:
- Variable rate products for House Purchase and Re-mortgage improved
- Selected fixed rate products for House Purchase and Re-mortgage improved
- New fixed rate tiers introduced at 80% LTV for House Purchase and Re-mortgage
- Products for Self Builds and Renovation Re-mortgage improved
- New fixed and variable rate LTV% tiers for Foreign Currency introduced
- Foreign Currency variable rate products improved
- Selected Foreign Currency fixed rate products improved
- Product switch rates improved
- Reminder Standard Variable Rate increasing to 8.74% from 1st September 2023
You will note the changes to the mortgage package are identified in red in the attached document.
Please note that only products detailed on the attached will be available from 18th August 2023. The products will be available online tomorrow, however, they may not show on all of the various sourcing systems until Monday (Tuesday at the latest). A separate message will be sent from our central team.