Help-to-Buy Mortgage Bids Approach 1 Billion Pounds

first time buyers

first time buyers

Help-to-Buy Mortgage Bids Approach 1 Billion Pounds

We have had many mortgage applications for Help To Buy in at our Frimley office. But it would appear that there has been applications approaching 1 Billion pounds.
More and more lenders are coming into the program, which makes it much easier especially for first time buyers and our new clients in Camberley, Farnborough and Aldershot. Help To Buy Camberley
I found this article in Business week…
More than 6,000 mortgage applications were made during the first three months of the U.K. government’s Help-to-Buy program, which guarantees loans to those who can only afford a small down payment, Prime Minister David Cameron said.
Mortgages totaling almost 1 billion pounds ($1.65 billion) have been sought under Help to Buy, the prime minister’s office said in an e-mailed statement today. The number of applicants has tripled since previous figures were published Nov. 11. Barclays Plc (BARC) and Banco Santander SA (SAN) will this month join other banks in providing loans under the program, Cameron said.
Read more…

This information was last updated on 27th September 2021. Lenders can change their products and lending criteria at any time, so please contact us for the latest information. 

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