For more than a decade, Help to Buy - Wales has played a pivotal role in supporting thousands of buyers, particularly first‑time purchasers, onto the property ladder. Introduced in 2014, the scheme enables eligible buyers to purchase a new‑build home with just a 5% deposit, supported by a Welsh Government equity loan of up to 20% of the property price.
With the Welsh Government confirming an 18‑month extension of the scheme, buyers still have time to take advantage of this valuable support. However, the final date for applications for the scheme is 30th September 2026.
What Is Help to Buy - Wales?
Help to Buy - Wales is designed to make home ownership more accessible, especially for buyers struggling to save large deposits or secure high‑value mortgages. The scheme applies to new‑build homes only, built by developers registered with Help to Buy - Wales.
How It Works
- 5% deposit required from the buyer.
- Up to 20% equity loan provided by the Welsh Government.
- Remaining 75% covered by a repayment mortgage.
- Eligible properties must have a maximum purchase price of £300,000.
- The property must be used as the buyer’s only residence
This combination allows buyers to access better mortgage rates while reducing the initial financial burden of purchasing a home.
Why Now Is the Ideal Time to Act
With the scheme active until September 2026 and completions allowed until June 2027, buyers window to benefit is nearing an end. Given rising costs, shifting mortgage rates, and increasing demand for energy‑efficient homes, taking advantage of Help to Buy - Wales could significantly reduce the cost of homeownership.
Whether you're a first‑time buyer or returning to the market, the scheme provides financial support, increased affordability, and access to modern, energy‑efficient new‑build properties.
Looking to Use Help to Buy - Wales? We Can Help
At Peter Alan, our local teams have extensive experience guiding buyers through Help to Buy: Wales. We can help you find eligible new‑build properties, navigate the application process and liaise with developers and mortgage providers to ensure you meet all scheme milestones before the deadlines.
To find out more about Help To Buy - Wales and to register your interest in any new build properties that are released on the scheme please contact our New Homes team - [email protected]
