Help to Buy Wales opens in January 2014

Welsh Labour’s Housing Minister, Carl Sargeant has announced that a new scheme which will help buyers of new homes and provide a major boost to home builders across Wales will open for business in the New Year.

From January 2nd, the Welsh Government’s £170 million Help to Buy – Wales shared equity loan scheme will make home ownership easier for buyers of new homes who have small cash deposits. The scheme will support the purchase of around 5,000 new homes in Wales during the next two and a half years.

To avoid confusion with the scheme being operated by the UK Government, Help to Buy Wales matches the scheme closely, with the added benefit that it will be easier for small home builders to access.