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Progressive Partners With Co-Ownership To Offer No Deposit Mortgage
Progressive Building Society has partnered with not-for-profit organisation Co-Ownership to broaden its range of mortgage products to include a no deposit option .
With this new product, customers will be able to borrow 100% of the mortgaged share of the property they aim to buy, with the remaining share being rented from Co-Ownership. The partnership has been formed in light of the steady growth in house prices in Northern Ireland over the last few years, a move which has made it increasingly difficult for first time buyers to get on the property ladder. This new offering will help an increasing number of prospective owners to buy their own home, even if they don’t have a deposit.
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