Help to Buy Wales - Q & A's

Help to Buy Wales - What is it?

Help to Buy Wales provides a shared equity loan to buyers of new-build homes. The scheme supports the purchase of homes bought through a registered Help to Buy - Wales builder.

Who is eligible?

There are no restrictions on who is eligible other than it has to be your main residence and that you own no other properties. A mortgage adviser will also check your eligibility when discussing options with you.

How much of my own deposit do I need?

You need to have at least 5% of your own deposit with 20% being funded by the Help to Buy Wales equity loan and the remaining 75% funded by a mortgage.

What is the maximum purchase price for any property?

The maximum purchase price is £300,000 from a builder who is registered on the Help to Buy Wales scheme.

When does the shared equity loan on the Help to Buy Wales scheme have to be repaid?

The shared equity loan needs to be repaid within 25 years. However, you are free to pay off the shared equity loan at any point within that period.

How do I apply for the Help to Buy Wales scheme?

If you have found a property that is eligible for the Help to Buy Wales scheme you can find further information including the application form at
Our advisers at Your Mortgage Broker Cardiff can talk you through your financing options so feel free to get in touch.