The Cabinet Secretary for Housing and Local Government, , has today (16 December 2024)
announced an extension of the Help to Buy Wales scheme, providing
continued support for prospective homeowners and the
housebuilding industry.
The current scheme is set to close for applications at the end of
March 2025, however, the Cabinet Secretary has announced an
18-month extension, ensuring the scheme will continue to provide
support until September 2026.
The scheme helps people who might otherwise be unable to afford a
home and since its launch in January 2014, Help to Buy Wales
has helped more than 14,000 households achieve
homeownership.
The Cabinet Secretary said: “Help to Buy Wales has been a
cornerstone of our housing strategy, supporting thousands of
people to achieve their dreams of becoming homeowners.
“While the previous UK Government ended Help to Buy in England in
2023, Wales has continued to offer this vital support and this
extension reaffirms our commitment to helping more people secure
a home.
“We will continue to work closely with our partners to ensure the
scheme meets the needs of homebuyers and supports the housing
market."
The extension also provides certainty to the 50 developers and
SMEs registered with Help to Buy Wales.
The Welsh Government will continue to work with UK Finance, the
Home Builders Federation, the Federation of Master Builders, and
the Development Bank of Wales to deliver the scheme.
ENDS
Notes to editors
More information about the scheme and eligibility is available
here: Help to Buy - Wales |
GOV.WALES
During the extension period, the scheme will remain unchanged.
Officials will collaborate with stakeholders to consider
recommendations from recent research on Homebuyers needs and the
place of Help to Buy Walespublished this year.
