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Aldermore celebrates one-year in Help to Buy scheme

POSTED: 16th December 2014
IN: Newsroom
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Aldermore is today celebrating one-year of being in the Government’s Help to Buy: Mortgage Guarantee Scheme, having helped hundreds of first-time buyers get onto the property ladder.

The majority of Aldermore’s Help to Buy applicants are first time buyers (69%), aged between 30 and 34 (27.8%), located in the North West*.

Under the new stamp duty reforms, Aldermore’s statistics show that the majority of Help to Buy customers fall into the 2% banding between £125,000 and £250,000, with the average purchase price being £143,800.

The average total income of applicants is £30,000 to £40,000 with more than half being joint applicants (58%).

Charles Haresnape, Managing Director Mortgages and Commercial Lending at Aldermore said:

“It is great to have been an active participant in the Help to Buy: mortgage guarantee scheme for a year and the scheme is clearly a continuing success, with those most in need of a boost to get onto the housing ladder, having benefitted from the scheme.

“It is clear from our figures that first time buyers and those on moderate incomes are being helped the most. Alongside the new stamp duty reforms and the Government’s Starter Home Initiative, there is much for prospective buyers to celebrate.”

 **ENDS**

*All figures are correct as at 15 December 2014.

 

For further enquiries, journalists can contact:

Nicola York, Cicero Group

Phone:             020 7297 5965

Mobile:             07841 864 107

Email:              Nicola.york@cicero-group.com

 

Notes to Editors:

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page. 

 

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  • Press Release
  • Residential Mortgages
  • Help to Buy

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