You could buy with a 5% deposit with Help to Buy - Wales
Whether you're a first time buyer or existing homeowner, you could buy a brand-new home in Wales with just a 5% deposit.
What is Help to Buy – Wales?
With Help to Buy – Wales, you could buy a brand-new home sooner than you think.
- You only need a 5% deposit.
- The Government lends you up to 20% of the value of the property.
- The loan is interest-free for five years, making your brand-new home more affordable.
- You then need to secure a 75% mortgage.
- Help to Buy - Wales is available on homes up to the value of £300,000.
There are a range of competitive mortgage rates available with this scheme, so it’s worth comparing lenders to find the best deal. We can introduce you to a New Home Mortgage Adviser who’ll search the market to find you a great deal.
Help to Buy Wales Calculator
Use our Help to Buy - Wales calculator to see how the scheme could boost your deposit, then start searching for your energy-efficient, brand-new Barratt home in Wales.
- Monthly Cost
- £{{calculations.monthlyCost}}
- {{depositPercentage}}% Deposit
- £{{calculations.deposit}}
- {{equityLoanPercentage}}% Help To Buy Contribution
- £{{calculations.equityLoan}}
- {{calculations.mortgagePercentage}}% Mortgage
- £{{calculations.mortgage}}
Want to know more?
More information on Help to Buy – Wales is available from the Welsh Government.
Click here for the full terms and conditions.
Help to Buy - Wales FAQs
-
The Help to Buy – Wales scheme is available for first-time buyers and existing homeowners looking to buy their brand-new home in Wales. It is available on homes up to the value of £300,000.
-
The Help to Buy – Wales scheme has been extended until the 31st of March 2025. The 19th of December 2025 is the final date for any legal completion.
-
There are some restrictions under the Help to Buy – Wales schemes, such as:
- The home you buy through the scheme needs to be your only one
- You should live in it and not rent it out
- If you already own a home, you need to sell it before applying for Help to Buy - Wales
- You can’t use Help to Buy – Wales in conjunction with the Part Exchange scheme
- Any mortgage you have outside the Help to Buy – Wales needs to be a repayment mortgage
- The home you buy must be EPC rated B or above
-
From April 2023, Help to Buy – Wales is available on brand-new homes up to the value of £300,000.
-
With the Help to Buy – Wales scheme, you can buy your new home with a 5% deposit.
-
You can borrow up to 20% of the property’s value.
-
The Help to Buy – Wales scheme is equity-free for the first five years. However, a monthly management fee of £1 applies until the loan is repaid.
-
You’ll need to repay the loan within 25 years or earlier if you sell your home.
You might also be interested in
Key Worker Deposit Contribution
As a thank you for the support provided to our communities, we are offering key workers a contribution of £1,000 for every £20,000 spent on the purchase price, plus flooring.Deposit Unlock
Available to first time buyers and existing homeowners, you could buy with just a 5% deposit. Exclusively available on selected new-build homes.
Deposit Boost
If you have a 10% deposit, we could boost it with a further 5% of the purchase price.
Parent Power
Parents can also help. Typically they (or a close family member) could help you with your deposit, guarantee your mortgage, or act as a joint loan applicant.
Armed Forces Deposit Contribution
We're offering Britain's military servicemen and women a 5% deposit contribution to help them buy a brand-new home.
Forces Help to Buy
Forces Help to Buy is a deposit loan scheme from the Ministry of Defence.