A great way to buy your first, or next home in Wales, with just a 5% deposit.
There’s nothing like owning a brand new home. Every single part of it is fresh, clean and ready to make exactly how you like; wonderful news for anyone who’s looking to move on from an older house, renting or living with parents.
So here’s good news: if you’re looking to buy your first or next home in Wales, you can take advantage of Help to Buy Wales. This buying scheme means you only need a 5% deposit and 75% mortgage, and with a 20% equity loan supplied by the Welsh government, that new home is all yours.
How does Help to Buy Wales work, and what do I need to know?
You can be either a first or next time buyer to use the Wales Help to Buy scheme to purchase your new home. It cannot have a purchase price of more than £300,000, and you’ll need to take out a first charge repayment mortgage with a qualifying lender. You also can’t sub-let any part of the property or use the scheme to buy a second home.
What else? Well, your new home must have an EPC B rating as minimum. And that’s easy because it’s already taken care of.
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Search our developments in Wales to see our new homes, and then come and visit. You could soon step into something new quicker than you think!
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT. Credit is secured against your home. *Help to Buy Wales is available on selected properties in Wales within the regional property price cap only as set out by the scheme. Subject to status and Terms & Conditions. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.