Brilliant Solutions

Progressive Building Society Update

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.

New Mortgage Package wef 010222

The main changes are as follows:

  • Standard Variable Rate increased to 4.50% (from 4.35%)
  • Variable products amended
  • APRCs recalculated to reflect change in reverting rate
  • Selected 2 year fixed rates for house purchase amended
  • Family Assist products amended to 95% LTV (see notes)
  • Northern Ireland Co-Ownership mortgage products introduced *

*Please note that the Northern Ireland Co-Ownership product is a shared ownership scheme and is only available through Northern Ireland’s regional shared ownership provider.  As with all of the Society’s products it is only available for properties in Northern Ireland.  I should be obliged in you would use the product title for description purposes and add notes that it is only available for Northern Ireland properties through the Co-Ownership scheme.

Most products are direct replacements for existing products.  There are two new fixed rates for House Purchase (at 85% and 90% LTV) and one new fixed rate for Remortgage at 85% LTV.  The following product is to be withdrawn;


3 Year Fixed Rate







3 years


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