NatWest and RBS have celebrated the first year of Help to Buy by reporting they have helped over 6,200 first-time buyers since the mortgage guarantee scheme was launched last October.
And they have helped another 2,000 customers buy their next home via the scheme.
NatWest and RBS said the scheme continues to help those who need it most, with first-time buyers making up three out of four applications.
Young buyers are benefitting most, with 36% aged between 26 and 30 years old.
Eight out of 10 customers bought outside Greater London.
In total, the banks were able to lend almost £1.2 billion in the first year of the scheme.
Almost one-quarter of applicants bought a house valued between £50,000 and £100,000, and one-third bought a house worth between £100,000 and £150,000.
With the national average house price for a first-time buyer being £209,000, rising to £313,000 for existing owners, the Help to Buy mortgage guarantee is making a difference to those who were previously struggling to save a 10% deposit.
Lloyd Cochrane, head of mortgages at RBS and NatWest, said: "We are really pleased that a year on from launching our Help to Buy range we have been able to help more than 8,000 customers buy their first home or their next home across the UK.
"That's a huge event for each customer and we are delighted to be a part of that.
"We are very much open for business and keen to lend to more customers looking to buy their first or next home, or save money on their mortgage and get on with their lives.
"We actively support government schemes like Help to Buy and we're pleased with its success as a way for young people to get on to the property ladder when they just need a little help with a larger deposit."
The average household income among buyers was £47,000 a year.
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