• Pensions

    Pensions+

    Whether you're saving for retirement or you are facing decisions at retirement, we can help

    View more
  • Savings Planning

    Savings+Planning

    Saving for the future is important and we can help you select the right product to achieve your goals

    View more
  • Mortgage Advice

    Mortgage+Advice

    We are specialists in arranging mortgages for First Time Buyers, people moving home, 'Buy to Let' mortgages and remortgages.

    View more
  • Investment Advice

    Investment+Advice

    Make the most of your money and don't leave it languishing in Building Society accounts

    View more
  • Equity Release

    Equity+Release

    Allows you to access cash tied up in your home - speak to one of our qualified advisers

    View more
  • Protect Insure

    Protect+Insure

    We can shop around for the lowest cost life cover, income protection and critical illness cover

    View more
 

More than 2,000 sign up to Help to Buy

More than 2,000 people have put in offers on homes under the Help to Buy scheme, totalling £365 million of new mortgage lending, according to the Department for Communities and Local Government.

On average, households have asked to borrow around £155,000 for houses worth about £163,000, which is below the UK average price of £247,000.

More than three out of four of the applicants are first-time buyers and many in their early thirties.

“Four weeks in and it’s clear that Help to Buy is already delivering. In just one month, over 2,000 people have been accepted for a Help to Buy mortgage. Or put another way, 75 families every single day have been put on the path to owning their dream home,” said the Prime Minister.

Applicants face average monthly repayments of around £900 and have an annual household income of around £45,000.

Banks have received applications from across the country with more than three out of four coming from outside London and the South East.

Source:  Moneyadviceservice.org

Sam: 13th Nov 2013 09:33:00

 

Latest News

Drawdown is booming – so perfect your investments
Drawdown is booming – so perfect your investments

Read More >>

Remortgaging surge to continue – get the best rate
Remortgaging surge to continue – get the best rate

Read More >>

Equity release helps first-time buyers
Equity release helps first-time buyers

Read More >>

“Challenging conditions” for personal pensions
“Challenging conditions” for personal pensions

Read More >>

Remortgage customers: beware of rate rises
Remortgage customers: beware of rate rises

Read More >>

See all News...
  • Pensions

    Pensions+

    Whether you're saving for retirement or you are facing decisions at retirement, we can help

    View more
  • Savings Planning

    Savings+Planning

    Saving for the future is important and we can help you select the right product to achieve your goals

    View more
  • Mortgage Advice

    Mortgage+Advice

    We are specialists in arranging mortgages for First Time Buyers, people moving home, 'Buy to Let' mortgages and remortgages.

    View more
  • Investment Advice

    Investment+Advice

    Make the most of your money and don't leave it languishing in Building Society accounts

    View more
  • Equity Release

    Equity+Release

    Allows you to access cash tied up in your home - speak to one of our qualified advisers

    View more
  • Protect Insure

    Protect+Insure

    We can shop around for the lowest cost life cover, income protection and critical illness cover

    View more