Building your dream home?
You’ve dreamed about it, pictured it, have the plans drawn up and now you want to finance your self-build.
A mortgage for a self-build differs from a mortgage you would use to buy a house because with a self-build mortgage, the money is released in stages as the build progresses.
Progressive offers mortgages of up to 80%* of the value of your self-build project.
The self-build mortgage process
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You’ve chosen your site
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Contact Progressive to make a mortgage appointment with a dedicated mortgage advisor to complete an affordability assessment and application form. You will need to appoint a solicitor.
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Once your application is approved, we’ll arrange for a valuer to visit the site, look at your plan and value accordingly.
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Once your mortgage is agreed, your Solicitor will complete the legal work and ask for funds to be transferred.
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We provide the funds for each stage of the build.
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.
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