Help to Buy – Wales is a Welsh Government shared equity loan scheme which helps existing home owners and first time buyers purchase a home up to a value of £300,000 with as little as 5% deposit.

Help to Buy - Wales is open to all buyers who:

  • are buying a new-build home up to the value of £300,000.
  • have a minimum 5% personal deposit.
  • can afford repayments on a conventional 75% repayment mortgage.
  • are buying the property for personal residence.

How does Help to Buy Wales work?

All buyers can apply for a government-backed equity loan of up to 20% on all new properties (up to £300,000) ensuring you only need a 5% deposit. With a 25% contribution towards your new home, you have access to a wider range of mortgage deals with lower monthly payments.

When do I have to pay back the loan?

You can pay the loan back at any time within 25 years.

Will I pay interest on the loan?

There is a nominal monthly fee to use the scheme but it is interest free for the first five years with a lower than normal interest rate for the remainder of the loan.

Who qualifies for the scheme?

Help to Buy Wales can be used by almost anyone and is especially useful for first-time buyers who are struggling to save a deposit. It can also be used by buyers who need to move to a larger home but are stuck because they don’t have enough equity in their property.

The only restrictions are that Help to Buy Wales can only be used on new homes up to £300,000 and the home must be your only property.