Tell me more about Help to Buy - Wales.
It’s never been more affordable or accessible to purchase a new build home in Wales.
Help to Buy – Wales is a government-backed scheme designed to help existing homeowners or first-time buyers buy a new build home with just a 5% deposit. The scheme is available for all new-build houses with an EPC rating of B or higher and a purchase price of no more than £300,000.
How does Help to Buy - Wales Work?
Help to Buy - Wales provides an equity loan from the Welsh government. If you’re eligible, you can borrow up to 20% of the property’s market value to top up your deposit and reduce your mortgage costs. That loan is interest-free for the first five years!
You must be able to fund up to 80% of your selected property through a combination of a conventional repayment mortgage and a minimum cash deposit of 5% of the purchase price.
Check below to see if you'd be eligible.
Can I Apply?
Purchase an eligible home in Wales with a maximum price of £300,000 from an approved builder
Be able to pay at least 5% of the property’s value
Secure a first-charge mortgage with a qualifying lender to cover the remaining 75%
You can not sublet any part of the house you’re buying, use the scheme to purchase a second home and you must not rent out your existing home
Search for your new home
Find a mortgage with the Mortgage Advice Bureau
We can put you in touch with Mortgage Advice Bureau who could help to find the best mortgage for you and give you free guidance to start your home buying adventure.
Calculate your Stamp Duty
Use our handy calculator to work out how much Stamp Duty you'll pay on your new home.