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Progressive Building Society

0.86% Discount for 2 Years (Remortgage 80% LTV)

0.86% Discount for 2 Years (Remortgage 80% LTV)

At the end of the variable rate period as detailed below, your mortgage will revert to our Standard Variable Rate (SVR) applicable at the time. Our standard variable rate is currently 4.75%.

For Remortgage the mortgage is restricted to 80% of the purchase price/valuation (whichever is the lower).

We reserve the right to amend/withdraw this mortgage at any time. Mortgages are subject to status and valuation.

Our Mortgage Calculator is designed to give you an indication of the cost of a mortgage at a specified rate and mortgage term.

You will need to input the amount you would like to borrow, the property value and then select the mortgage term. From the available mortgage products please select one before clicking on the calculate button.

The calculator will calculate the approximate monthly payments for that amount and term given the mortgage product you have selected. It is not a full personalised illustration.


Name0.86% Discount for 2 Years (Remortgage 80% LTV)
Product DescriptionA variable rate, currently 4.75% with a 0.86% discount for 2 years, giving a current rate payable of 3.89%
Remortgages are not available on Interest Only
SVROur standard variable rate is currently 4.75%
Fees£499 Arrangement Fee (can be added to loan)

Valuation Fee Scale (Payable on Application)
£0.00 - £300,000: Fee £245
£300,001 - £500,000: Fee £395
£500,001 + Fee £495

** Valuation fee refunded upon completion **
Max LTV80% Remortgage
Total Cost for Comparison5.00% APR
Early Repayment Charges2% of balance repaid in year1 ; 1% of balance repaid in year 2
Special IncentivesYou may reduce your balance by 10% p.a without an early repayment charge being levied.

Help Section

For further information call us at:

02890 244926

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Mortgage Calculator

Loan Amount:
Property Value:
Mortgage Term: