Serenliving is delighted to now be able to offer new-build properties for sale through the Welsh Government backed ‘Help to Buy’ scheme. This is great news for anybody struggling to afford the large deposits needed to get onto the property ladder.
Help to Buy-Wales is a Welsh Government-backed shared equity loan scheme launched here in Wales on 2nd January. Its aim is to assist buyers who cannot afford a large deposit to access a mortgage.
Available to first time buyers and those already on the property ladder the Help to Buy-Wales scheme requires just a 5% deposit and a mortgage of up to 75% of the property value.
Purchasers pay just 80% of the property price now and the remaining 20% is provided by a Government equity loan which is interest free for the first 5 years which could make the monthly mortgage repayment lower.
Help to Buy-Wales is available on all new build homes up to the value of £300,000.
Use our Help to Buy calculator to find out what your new home budget could be using Help to Buy and find out much more about the scheme on our dedicated help to buy page