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

You will note the main changes are as follows:

  • 2 year variable rates for House Purchase at 85% and 90% LTV improved
  • 2 year variable green mortgage improved and further green product introduced at 90% LTV
  • Selected 2 year fixed rates for House Purchase improved
  • 2 year variable rates for Remortgage at 85% TV improved
  • Selected 2 year fixed rates for Remortgage improved
  • 2 year fixed and variable rates for Renovation Remortgage improved
  • Self-build products amended (2 year products also removed)
  • Foreign Currency products improved and further products introduced for house purchase and remortgage
  • Floored rate introduced to selected variable products

Last month the Society introduced a floored interest rate of 0.50% to all new discount variable rate products in our house purchase and remortgage range.  We have continued to introduce this to any variable products amended in this package. 

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