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Progressive Building Society has launched a Foreign Currency Mortgage meaning that residents in Northern Ireland with earnings or assets in either Euro or US Dollars, can now take out a Sterling mortgage with the Society.
Some 30,000 people* cross the border on the island of Ireland daily, so there is clearly a market for those earning in Euro but living in Northern Ireland to benefit from a Foreign Currency Mortgage option.
According to Jane Millar, Head of Lending & Savings at Progressive Building Society, the new product could prove vital to local consumers whose income comes from the EU or US:
“Our new mortgage option will provide a solution for people who earn in Euro or US Dollars but want to purchase a home in Northern Ireland. For those paid in Euro or US dollars, this product provides access to a Northern Irish mortgage. We believe our expertise within the mortgage market enables us to deal with various mortgage offerings, such as foreign currency, in a manner which is straightforward, effective and efficient for applicants.”
“Given our knowledge of the local market place, Progressive prides itself on the constant development of products and services to meet the needs of the people of Northern Ireland. Employment patterns continue to change, and at Progressive we want to ensure our mortgage products support the individual needs of all people who live here. We will continue to listen to our customers and adapt our products to enable more people to achieve their dream of home ownership.”
Follow the links below to find out more about the Foreign Currency Mortgage, alternatively, you can contact your local branch to speak to a mortgage advisor.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Full information, lending criteria and terms and conditions for the Foreign Currency Mortgage can be found here.Foreign Currency Mortgage
We’d love to talk you through the mortgage process and help you find a suitable product. For more information or to apply for an account, you can call us, email us, pop into one of our 11 branches. We look forward to hearing from you.