Help to Buy - Wales

With effect from 2nd January 2014, we'll accept applications for Help to Buy - Wales Equity Loan scheme.

Clients purchasing a property through the new Help to Buy - Wales Equity Loan scheme (effective from 2nd January 2014), can choose from our range of home buyer products.

A quick criteria check for Help to Buy - Wales Equity Loan scheme:

  • A minimum deposit of 5% is required.
  • Maximum purchase price is £300,000.
  • For the first five years of the Equity Loan a £1 monthly admin fee is payable. From year six the Equity Loan interest payments will begin at a starting rate of 1.75%pa, increasing by RPI plus 1% every year thereafter.
  • The Help to Buy - Wales Equity Loan scheme is available to all home buyers of New Build properties in Wales, including first time buyers and home movers.
  • The property being purchased must be the client's main residence and not a second home or Buy to Let property.
  • Clients must not own another home at the time of purchase.
  • Properties which have been previously occupied either by an owner occupier or a tenant before sale may not be purchased with Help to Buy assistance.
  • Properties subject to a Section 106 agreement are not eligible.

Help and Support
If you've got any queries about this scheme, get in touch with our regional Sales Support team or your local BDM.