Head of Content
Mortgage Advisor & Director
About the scheme
Homebuy - Wales is an equity loan scheme helping lower-income households towards the costs of a new home.
The programme particularly helps those from rural communities where there are fewer potential homes available. You contribute the majority through a combination of savings and a repayment mortgage - typically 70%. The scheme then provides the remaining 30% towards the cost. You will not pay rent on the share you do not own; however, a corresponding percentage of the proceeds is taken if you sell up.
The scheme is not universally available and is subject to local eligibility criteria.
Eligibility and conditions
- You should demonstrate you are not adequately housed or can no longer afford your current home.
- You must be able to get a repayment mortgage and have sufficient savings.
- Specific criteria will apply depending on location.
More information
Our team of experienced advisors have helped many people to secure the best deal possible on their Homebuy mortgage, complete our simple online form today to get started!
More information can be found on the Welsh Government website.
Choosing an Adviser
Selecting a qualified and experienced mortgage adviser is of great importance. To choose a suitable adviser, evaluate their qualifications, experience, and reputation, and ensure they are regulated by the Financial Conduct Authority (FCA).
Read reviews from previous clients and make sure they provide a clear explanation of the products and services they offer, as well as the fees and charges associated with them.
