Get your new Redrow home with Help to Buy - Wales
If you’re looking to get on or move up the property ladder in Wales, the Help to Buy Wales scheme could make it possible. It’s a great way to put ownership of a premium, characterful new Redrow home within reach and means you could be moving sooner than you think.
How does the Help to Buy scheme in Wales work?
The Help to Buy scheme in Wales is a shared equity loan which both first-time buyers and existing homeowners could use to support the purchase of a new home in Wales up to the value of £300,000. You only need to raise a 5% deposit with the scheme providing a shared equity loan of up to 20% of the purchase price. The remaining cost will be covered by a repayment mortgage.
Find your new Redrow home with Help to Buy in Wales today
To find out more about the Help to Buy scheme in Wales, chat to a Sales Expert at your local development in Wales.
Who can use the Help to Buy scheme in Wales?
In order to use Help to Buy in Wales, you must meet the eligibility criteria. The home you are buying must be a new-build property that has a minimum EPC rating of B. You must fund at least 80% of the property via a combination of a repayment mortgage and a minimum deposit of 5%. For further information take a look at our high-specification, Arts & Crafts inspired new homes in Wales.
Help to Buy in Wales FAQs
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Help to Buy – Wales is a shared equity loan scheme that helps you buy a new-build home in Wales. The Welsh Government provides an equity loan of up to 20% of the purchase price, meaning you only need a 5% deposit and a 75% mortgage to buy your home. The scheme is available on properties up to £300,000.
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No, Help to Buy – Wales is open to both first-time buyers and existing homeowners. If you meet the eligibility criteria, you can use the scheme to buy your new Redrow home in Wales.
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To qualify for the scheme, you will need a minimum deposit of 5% of the property's purchase price. The rest will be covered by your mortgage (75%) and the Welsh Government equity loan (up to 20%).
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The Welsh Government equity loan can be up to 20% of the purchase price. For example, on a £250,000 home, the loan could be up to £50,000.
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The terms of the equity loan, including any interest charges, are set by the Welsh Government. Speak to a Sales Expert at your chosen Redrow development or visit the Welsh Government’s Help to Buy – Wales guide for full details on loan terms and repayment.
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Yes. The property must be priced at £300,000 or less. The home must also have an EPC rating of at least B. All Redrow homes typically have an EPC rating of B or higher.
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No, Help to Buy – Wales is available on selected Redrow developments and plots in Wales, subject to availability. Contact your nearest development in Wales to check if the scheme is available.
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No, Help to Buy – Wales cannot be used in conjunction with any other Redrow scheme or offer. You will need to choose the scheme that works best for your situation. Our Sales Experts are on hand to help you explore your options.
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Repayment terms are determined by the Welsh Government. Typically, you will need to repay the equity loan when you sell your home or at the end of the loan term. Speak to our Sales Experts for more information.
Other ways we could help you move
Discover how buying a new Redrow home could be easier and more affordable with our other ways designed to help you move.
