RBS and NatWest have taken 1075 applications in the first month of the Help to Buy mortgage guarantee scheme, with 124 of those in Scotland.
More than two-thirds of applications have come from first-time buyers and 95 percent have been from under-35s. The banks will go on to offer a total of £13.8 million in home loans to their Scottish customers if all of the applications are approved.
The majority of Scottish applicants are couples applying with a joint salary of under £50,000 and borrowing around £111,000. The average price of the home they want to buy is £117,619, the lowest average purchase price of anywhere in the UK.
UK-wide, most customers are looking to buy their first home (73 percent). If all 1075 applications are approved, the banks will go on to offer a total of £171.6 million in home loans. There has been a high number of teachers (75) and engineers (83) applying. If these go on to be approved, RBS and NatWest will offer to lend £23.3 million to this group alone.