Santander responds to latest Help to Buy 2 data
Miguel Sard, Head of Santander Mortgages, said:
“Santander is committed to helping people realise their dream of purchasing their own home. In the first six months of 2014, we have seen strong demand for our Help to Buy 2 products from across the country, with more than 3,000 completions in H1 and more than 5,000 in the year to date. Four out of five properties purchased with Santander Help to Buy: Mortgage Guarantee products have a value of less than £200,000, and 80% of borrowers have been first-time buyers. We expect demand for Help to Buy to continue as the mortgage market experiences its post-summer seasonal uplift.”
In H1 2014, Santander’s gross mortgage lending across all sectors of the market increased 23% to £12.8bn, of which £2.6bn was to support first-time buyers.
