The 1,000th Halifax customer completed on their home in January, just four months on from the launch of the Halifax Help to Buy range.
The key facts, based on applications received between 11 October and 31st January were that over 5,000 full mortgage applications were submitted to Halifax, to the value of £791m.
The average value for these properties stands at £157,660, and 8 in 10 of these applications were outside London and the South East.
Unsurprisingly, over 80% of the applications were from first-time buyers.
Craig McKinlay, Mortgages Director, Halifax said:
“To have already helped over a thousand customers receive the keys to their new homes shows that the scheme is making the property ladder more accessible to aspiring homeowners and homemovers.
The fact that Help to Buy is benefiting buyers in every region in the UK is testament to how it is helping those that can afford the monthly payments, but had not previously been able to get the necessary deposit.”
“Four months on, we're still seeing strong levels of interest in our Help to Buy range and are receiving almost 500 full mortgage applications a week. The scheme is continuing to benefit a significant number of people buying their first home and, as our figures show, is making a difference to homebuyers throughout the country.”
