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Help to Buy Wales

What is Help to buy Wales?

Help to Buy Wales allows eligible purchasers to buy new-build homes with assistance from the Welsh Government in the form of a shared equity loan.

What does this mean in practice?

Help to Buy Wales shared equity loans are available to both first-time buyers and home movers wishing to purchase new-build homes worth up to £300,000. Note that with Help to Buy Wales, buyers won't be able to sub-let their home.

How it works:

Are there any fees attached to the shared equity loan?

From the time a buyer receives the shared equity loan they will be charged a small administration fee of £1 per month.

Then, in the 6th year, they'll be charged interest of 1.75% per annum of the original shared equity loan amount. After this, the interest will increase every year. This increase is worked out by using the Retail Prices Index plus 1%.

All buyers will be contacted before the shared equity loan interest starts and they'll also be sent a statement about their shared equity loan each year.

The fees do not count towards paying back the shared equity loan.

Further details of the Help to Buy - Wales shared equity loan can be found in the below guidance document.

Click here to learn more about the Welsh Government Help to Buy scheme.