Help to Buy Wales

A Guide to Help to Buy - Wales

At Principality, we have been helping our Members buy their homes for over 150 years. We understand it can be a difficult time to save for a deposit to buy your first home or move up the property ladder which is why we are proud to be part of Help to Buy – Wales.

Information on this page has been designed using information taken from the Help to Buy - Wales website.

How does Help to Buy - Wales work?

If you are eligible, Help to Buy – Wales allows you to purchase a new build property up to the value of £300,000 with assistance from the Welsh Government by taking out a shared equity loan.

Help to Buy – Wales is comprised of 3 parts:

  • The buyer contributes a deposit of at least 5% of the property price
  • The Welsh Government through Help to Buy (Wales) Ltd funds a shared equity loan for up to 20% of the purchase price of the property
  • The buyer then needs to secure a mortgage for the remaining balance.

Buyers who are part of the scheme will not be able to sub-let their home.


Help to buy

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%.

Am I eligible?

Help to Buy – Wales is open to all homebuyers looking to purchase a property in Wales who:

  • are buying a new-build property up to the value of £300,000
  • have a minimum 5% personal deposit
  • can afford the repayments on a 75% loan to value repayment mortgage
  • are buying their only property for personal residence and are not planning to sub-let

Help to Buy – Wales is subject to certain terms and conditions and affordability criteria as defined by the Welsh Government.

Full details can be found at

How do I buy a home through Help to Buy - Wales?

  1. You will need to find a property with a builder who is registered with the Help to Buy – Wales scheme
  2. Submit an application to Help to Buy (Wales) Ltd
  3. Help to Buy (Wales) Ltd will check your eligibility for the scheme and whether you could afford the repayments on a repayment mortgage.
  4. If you are eligible and pass the affordability criteria, Help to Buy (Wales) Ltd will send you, your solicitor and the builder approval.
  5. You will then need to submit a full mortgage application to a registered lender.
  6. If your application results in a mortgage offer from the lender then you’re nearly there. Contracts can be exchanged, funds transferred and the sale is complete.

Help to buy Help to Buy - Wales

Visit the Help to Buy - Wales website for full details of the scheme.