12 October 2021
We are pleased to share our new mortgage package with you, which is effective from Tuesday 12th October 2021.
The main changes to the package are as follows:
- Floored rate introduced to new variable products (see below)
- 2 year variable rates for House Purchase at 60%, 75% and 80% LTV improved
- Selected 2 year fixed rates for House Purchase improved
- 2 year variable rates for Remortgage at 60%, 75% and 80% LTV improved
- Selected 2 year fixed rates for Remortgage improved
- 2 year variable rates for Product Switch improved
The Society is introducing a floored interest rate of 0.50% to all new discounted variable rate products in our house purchase, remortgage and product switch range.
In the future, as we amend further discounted products, we will introduce the floored rate to these products too, but in the meantime only the new products highlighted in red on the mortgage package will have a floor.
Further details on all products can be found in our mortgage package.
If you have any queries please contact your local Progressive branch.