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.

Please find attached revised mortgage package which will take effect from 17th May 2021.   

You will note the main changes are as follows:

  • Selected products for House Purchase improved
  • Selected products for Remortgage improved
  • 2 year product for Remortgage re-introduced at 85% LTV

Please ensure that the Society’s Family Assist products are clearly noted as requiring an additional deposit from the purchasers family to be held in a savings account.  Please include Family Assist in the description of the product.

Please note the products in the attached now represent the Society’s mortgage product range – any further products on your system should be removed as they are no longer available.

You will note the changes are identified in red

NEW IMPROVED RATES!!!

Just a quick update on some really competitive new rates launching on Monday 17th May – they may not be available to source until later in the week. Also – we are now offering up to 85% on a standard re-mortgage. All rates are on the attachment.

Can I please encourage you to use the new intermediary portal for submitting any new cases as the old portal will be switched off next Friday.

House Purchase:

Up to 60% LTV

 

1.49% Fixed for 2 years – no fee / free valuation

 

Up to 80% LTV

2 Year Variable – 1.69% – no fee / free valuation

2 Year Fixed – 1.99% – no fee / free valuation

Up to 85%

2 Year Fixed – 2.75% – no fee / free valuation – new builds accepted

Re-Mortgage:

 

Up to 60% LTV

 

2 Year Fixed  – 1.49% – free legals or £500 cashback

 

Up to 80% LTV

 

2 Year Fixed 2.15% – free legals or £500 cashback

 

Up to 85% LTV

 

2 Year Fixed 2.75% – free legals or £500 cashback

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