Help to Buy in Wales Scheme, New Homes

Move with just a 5% deposit. Help to Buy available across Wales

If you're buying in Wales ask about the Welsh Government's Help to Buy - Wales scheme.

Looking to purchase a new home in Wales?

Make it a reality with just a 5% deposit through the Help to Buy – Wales scheme, backed by the Welsh Government.

Available until September 2026, Help to Buy Wales is a government-backed scheme designed to support both first-time buyers and existing homeowners in purchasing a new build home.

With Help to Buy Wales, you only need a 5% deposit, and you can secure a repayment mortgage for up to 75% of the property’s value. The remaining 20% is provided by the Welsh Government as an equity loan which is interest-free for the first 5 years.

Help to Buy Wales could be the key to getting your new home sooner, with lower upfront costs and greater affordability.

Help to Buy Wales: Making Home Ownership More Achievable

The Help to Buy Wales equity loan scheme, backed by the Welsh Government is designed to make buying a new-build home more accessible and affordable.

Key benefits of the scheme include:

• Available on new-build homes up to £300,000 in Wales
• Open to all types of buyers (not just first-time buyers)
• No household annual income limit
• You only need a minimum 5% deposit and no more than a 75% repayment mortgage
• The Welsh Government will lend you an equity loan of up to 20% of the full purchase price of the home, it's interest-free for the first five years.

You’ll own 100% of your property, and you can repay the equity loan at any time, either when you sell, or you can wait until the end of the loan term.

5% deposit + 20% equity loan + 75% mortgage = 100% home ownership

FAQs: Help to Buy Wales

Where is the Wales Help to Buy Scheme available?

The Help to Buy – Wales scheme is available exclusively on new-build homes priced up to £300,000 at all Persimmon developments across Wales.

How does the equity loan work?

The Welsh Government provides an equity loan of up to 20% of the property’s full purchase price. The way this loan works is:

• Interest free for the first five years
• From year six, 1.75% interest fee applies
• This interest increases annually in line with the Retail Prices Index (RPI) plus 1%

What are the repayment terms of equity loans under the Help to Buy – Wales scheme?

• You can repay the equity loan at any time:
  • Within 25 years (or by the end of your mortgage term)
  • When you sell your home
  • Or through partial repayments, subject to specific criteria

Can I use Help to Buy - Wales on pre-owned homes?

No, this scheme is only available on new-build properties like those built by Persimmon.

Can I use the Help to Buy – Wales scheme if I already own a home?

Yes - this scheme is available to both first-time buyers and existing homeowners.

Can I use Help to Buy - Wales for a buy-to-let option?

No - they are only available to purchasers using the property as their main residence.

What kind of mortgage do I need with Help to Buy – Wales?

You must take out a repayment mortgage as interest-only mortgages are not eligible.

Where can I get independent financial advice?

Persimmon can put you in touch with a list of recommended independent financial advisers who can assist you every step of the way.

 

Help to Buy - Wales terms and conditions
The Help to Buy - Wales scheme has specific terms and conditions and is subject to affordability criteria as defined by the Welsh Government. The Help to Buy - Wales scheme is available on plots in Wales, with a full purchase price up to £300,000, subject to status, terms and conditions apply. All homes purchased using the scheme will need to reach a minimum EPC B rating. Help to Buy - Wales eligible applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value). The registered provider will hold the second charge on the property. Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Applicants must obtain their conventional mortgage from a qualified lending institution (e.g. a bank or building society). For the first five years there is no fee charged on the equity loan component. At the start of year six a fee is collected of 1.75% of the market value of the property at the time the loan is entered into multiplied by the outstanding percentage under the equity loan, the annual fee of 1.75% will be uplifted by RPI +1% p.a. Visit: gov.wales/help-buy-wales for further information.

**Available on selected plots subject to status. Terms and conditions apply.

A professional legal adviser is required to carry out the legal formalities of buying the home and to represent your interests. Persimmon can provide you with a list of recommended solicitors and/or financial advisers as necessary. Persimmon cannot advise you on a mortgage. The Help to Buy: Equity Loan scheme is subject to availability and may be withdrawn at any time without notice. Not to be used in conjunction with any other purchase assistance scheme, offer or promotion. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE, YOUR EQUITY LOAN OR OTHER DEBT SECURED ON IT. For full details on the Help to Buy: Equity Loan scheme please visit www.helptobuy.gov.uk.

Purchase schemes cannot be used in conjunction with any other scheme.