Progressive Building Society - Affordability Booster Mortgage NI

How does it work?

This type of mortgage allows you to buy a home with help from family.

We will take your family members' income into account when working out how much you will be able to borrow.

We will consider the income and expenditure of both households in our assessment of affordability.

Our affordability booster mortgage lets one or two owners, plus up to two family members, join in the mortgage to support the owner(s).

The supporting family members won't be joint owners of the property, but they will be counted as borrowers.

This means that while all of you will have joint responsibility for the mortgage payments and full repayment of the loan, only the owners named on the title deeds have a legal claim over the property or any increase in value.

If your financial position changes, you can speak to us about removing your family members.

How to apply?

Book a mortgage appointment with one of our dedicated mortgage advisors. Appointments are available via video or telephone, and Saturday appointments are available.

You can also visit one of our 11 branches for more information.

Eligibility

To borrow with Progressive Building Society, you must be over 18. Whether we provide credit will depend on your circumstances. Lending terms and conditions apply. Progressive Building Society only lends on properties within Northern Ireland.

Your home may be repossessed if you do not keep up with repayments on your mortgage.