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Help to Buy Wales – Equity Loans

You could lose your home if you don’t keep up your mortgage repayments.

We’ve been helping people own homes of their own for more than 170 years, so we understand how tricky it can be to raise a deposit to buy a property. With the Wales Help to Buy government scheme you could purchase your property with a much smaller amount upfront.

What is the Help to Buy Equity Loan Scheme?

With the Help to Buy - Wales scheme, as long as you’re buying a new-build home and meet eligibility criteria, in Wales the government may give you a loan of up to 20% of the property’s purchase price to boost your deposit. All you have to do is pay a minimum deposit of 5% and take out a repayment mortgage to cover the remaining amount.

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, and the property must have an Energy Performance Certificate (EPC) rating of A or B.

For more information on the scheme in Wales, please visit the Welsh government website.

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