What is the Help to Buy Equity Loan Scheme?
With Help to Buy - Wales, the government could give you a loan of up to 20% of the property’s purchase price to boost your deposit.
The scheme is available if you’re buying a new build home in Wales and meet eligibility criteria. You will need a deposit of at least 5% and have to take out a repayment mortgage to cover the remaining cost of buying the house.
Eligible buyers can apply for the equity loan to purchase a newly built home bought through a registered Help to Buy - Wales builder. And there are no equity loan interest repayments to the government for the first five years of owning your own home.
The maximum property value allowed is £300,000. The property must have an Energy Performance Certificate (EPC) rating of A or B.
For more information on the scheme, please visit the Welsh government website.
