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.
Reducing Fixed rate 2 & 5 year re mortgage starting at 4.04%
Our revised mortgage package which will take effect from 22nd May 2023.
You will note the main changes are as follows:
- Selected fixed rate products for House Purchase improved
- Selected fixed rate products for Remortgage improved
- 5 year fixed rate product range for Remortgage extended
- Variable rate products for Renovation Remortgage improved
- 5 year fixed rates for Product Switch improved
Packaging Requirements
We aim to be the best we can and really appreciate your trust with the applications you send to us for your clients.
In order to ensure you get the best service, here are a few hints and tips to ensure a speedier turnaround.
For eligible cases*, use our online portal to submit your applications and upload supporting documents. This will help speed up the processing of your clients application. If you are not yet registered for our online portal please get in touch.
Cases under 75% LTV
- For employed applicants, If the LTV is less than 75%, we only need the most recent payslip (covering one full month) and last full months bank statement
- For self-employed applicants, please provide the latest 2 years accounts or SA302s / Tax Year Overviews, and last 3 months bank statements
Cases over 75% LTV
- For employed applicants, If the LTV is over 75%, we need the last 3 months payslips and last 3 months bank statements
- For self-employed applicants, please provide the latest 3 years accounts or SA302s / Tax Year Overviews, and last 3 months bank statements (2 years accounts and a projection may be acceptable)
Photographic ID must be uploaded for all applications.
Please note that we will be in touch should we require additional documentation.
Product Transfers
Product Transfers can also be completed using our online portal.
Complex cases
If your clients case is complex, please use the notes section to give more background details so our teams have a rounded understanding of the whole case. This will help speed things up.
Please note that, as your dedicated Business Development Manager, I am available to help you with any questions you may have, or to discuss any case you may wish to submit.
New Rate Launch
Our new competitive rates can be found attached below.