In a series of tweets yesterday, Royal Bank of Scotland said 5000 mortgage appointments have been booked with its mortgage advisers.
So far, just a handful of lenders have launched products under the latest phase of Help to Buy, with NatWest owner RBS, Halifax and Bank of Scotland taking applications from last week.
RBS said the typical applicant is 32-years-old and looking for a joint mortgage. The youngest to date is 19-years-old, and the oldest 42.
The Government is offering £12 billion worth of guarantees under Help to Buy to encourage lenders to offer mortgages to credit-worthy home buyers with deposits as low as 5%. RBS and NatWest were the first to offer products under the scheme, including a two-year fee-free fixed rate deal at 4.99%. RBS/NatWest started taking applications on Tuesday.
While the scheme is expected to widen borrower choice as the major players return to the 5% deposit market, experts have pointed out rates on offer under Help to Buy are not hugely different from what was already available.