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Progressive Building Society – 2-Year 1.76% Discount

Progressive Building Society – 2-Year 1.76% Discount

Type: Discounted-rate mortgage

Discounted term: Two years

Discount: 1.76%

Payable rate: 2.99%

Minimum loan: £30,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000

Income multiples:

Conditions: Capital repayments of up to 10% a year subject to a £500 minimum allowed without penalty in the discount period, available direct and through intermediaries

Arrangement fee: £995 booking fee

Redemption fee: 2% of the amount repaid in year one, 2% in year two

Introducer’s fee: Refer to lender

Contact: www.theprogressive.com

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