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Help to Buy in Wales

The Help to Buy: Equity Loan scheme is designed to help first-time buyers to purchase affordable new build homes in Wales. Find out how the scheme can benefit you with WhatHouse?
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What is Help To Buy - Wales? 

The government’s Help to Buy: Equity Loan scheme in Wales is open to first-time buyers of brand new homes only, subject to eligibility, terms and conditions, until 31 March 2023. The full purchase price limit is £250,000 and the property must be reserved by 31 October 2022.

A qualifying buyer only needs to provide a deposit of 5% of the full purchase price and the government provides an equity loan of up to 20%. The buyer needs to get a repayment mortgage for the remainder. The equity loan is interest-free for the first five years and the homeowner would need to pay it back when they sell their home, pay off their repayment mortgage or reach the end of the equity loan term.


Working example

Property price  £150,000 (100%)
Initial deposit  £7,500    (5%)
Equity loan      £30,000    (20%)
Remaining mortgage   £112,500    (75%)


You can find out more on the Welsh government‘s Help to Buy: Equity Loan page.


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