Dream ticket to Home Ownership: Help to Buy still alive and well in Wales
Many of you may have read of the demise of the Help to Buy scheme in the national press and you’d be forgiven for wondering where this leaves homebuyers in 2017.
But for those planning on buying here in North Wales, the good news is that Help to Buy-Wales shows no sign of coming to an end any time soon. In fact, the shared equity loan scheme will continue until 2021 thanks to a £291 million investment from the Welsh Assembly Government.
The extension of Help To Buy-Wales means thousands more buyers can continue to benefit from this vital source of funding – enabling them to get on the housing ladder or make that all-important move.
Help to buy-Wales has been a huge success since it was introduced in 2014, freeing thousands of families from the uncertainties of the rental market and supporting the housing industry and boosting the local economy.
In Conwy County, the effect has been profound. Help to Buy-Wales has allowed older buyers to downsize into modern, warm, energy efficient homes and enabled families and couples to become homeowners for the first time.
In total, 177 homebuyers have been helped in Conwy alone by Help to Buy-Wales, as well as a further 4,327 homebuyers across all the Welsh local authorities.
That means almost 50% of the homes built in Conwy County that were eligible for Help To Buy-Wales are bought by people who used the scheme, and who otherwise may not have been able to realise their dream.
The benefits of help to Buy-Wales
are clear to see…So if you’re thinking of making that big move in 2017, what’s
Further details of the Help to Buy-Wales shared equity loan can be found on