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Affordable New Homes in Wales Through Help to Buy

Posted 1 October 2018 by Rupert Bates

Here are a few examples of what you could buy with Help to Buy in Wales right now...

In order to make climbing the property ladder easier and more affordable, the government introduced the scheme Help to Buy, open to both first-time buyers and current homeowners to purchase their dream new build property priced up to £300,000.

The government offers an equity loan of 20% of the property value, which is interest-free for the first five years. This means that you would only have to pay a 5% deposit and then find a mortgage for the remaining 75%. After the first five years, you start to pay monthly interest on the Help to Buy Wales loan over the period that you own the property. When the property is then sold, you repay the government 20% of its value.

Help to Buy Wales is a scheme that is growing and continuously helping those trying to climb the property ladder, through buying a new build. See what you could buy through Help to Buy in Wales.

Glan Llyn, Llanwern, Newport – St Modwen Homes

Help to Buy - WhatHouse

This new development offers a range of two-, three- and four-bedroom homes with a great standard specification and the chance to upgrade things like appliances, flooring and kitchen worktops. Prices range from £210,000 to £310,000. The location allows easy access to the M4 and Newport city centre.

Glan Llyn sales and marketing suite is closed on Tuesdays but is available for viewings on Thursdays, from 12.00pm to 7.30pm and the rest of the week between 10.00am and 5.30pm.

Example: Three-bedroom house, £218,000

Deposit 5% = £10,900

Help to Buy loan 20% = £43,600

Mortgage 75% = £163,500

Approximate household earnings needed, £54,500

Waterside @ The Quays, Barry, The Vale of Glamorgan – Barratt Homes

Help to Buy - WhatHouse

Whether you’re a first-time buyer or a growing family, this development caters for all, offering one- and two-bedroom apartments and two-, three- and four-bedroom houses. With prices ranging from £115,995 to £248,995, there are plenty of amenities nearby, from a 24-hour gym, to Barry Island Pleasure Amusement Park.

This coastal location has show homes open on Mondays between 12.30pm and 5.30pm and from Tuesday to Sunday from 10.00am to 5.00pm.

Example: One-bedroom apartment, £115,995

Deposit 5% = £5,800

Help to Buy loan 20% = £23,199

Mortgage 75% = £86,996

Approximate household earnings needed, £29,000

St Edeyrns Village, Old St. Mellons, Cardiff – Persimmon Homes

Help to Buy - WhatHouse

This development hosts over 1,000 new homes, made up of one- and two-bedroom apartments and two-, three- and four-bedroom houses, with a starting price of £124,995. There is a wide range of amenities close by including schools, local shops and a riverside park.

The variety of accommodation will appeal to both first-timers and those looking to climb the property ladder further. Show homes on this development are available for viewing from Thursday to Monday, between 10.00am and 6.00pm.

Example: Two-bedroom apartment, £143,000

Deposit 5% = £7,150

Help to Buy loan 20% = £28,600

Mortgage 75% = £107,250

Approximate household earnings needed, £35,750

Useful links

Search Help to Buy Wales

Find out about all St Modwen Homes current properties

Find out about all Barratt Homes current properties

Find out about all Persimmon Homes current properties

What is Help to Buy Wales?

What is a Help to Buy ISA? 

The buying process Q&A 

Two-year or five-year fixed-rate mortgage?

10 mortgage questions to ask 

Repaying your Help to Buy equity loan 

How to use your equity to help your kids buy a new home 

What you should teach your kids about mortgages and borrowing

Featured Developments
Old St. Mellons, Cardiff CF3
£212,995 - £383,995
St Edeyrns Village
Old St. Mellons, Cardiff CF3 
2 - 4 bedroom properties
Persimmon Homes
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