The Welsh Government has invested more than £600
million in its Help to
Buy - Wales scheme, supporting thousands of people
across the country to achieve their dream of
homeownership.
Help to Buy - Wales is a cornerstone of the Welsh
Government's housing strategy and helps people who might
otherwise be unable to afford a home. Since
its launch the scheme has helped more
than 15,000 people buy their own home, with 85% being
first-time buyers, since April 2022.
The scheme provides shared equity loans (of which the first
5 years are interest free) to help
people purchase new-build properties.
In December 2024, Cabinet Secretary for Housing and Local
Government, , confirmed the scheme
would be extended to run until at least September 2026,
ensuring this vital support remains available to
people in Wales.
On a recent visit to Persimmon's The Parish development
in Creigiau, the Cabinet Secretary met with , a first-time
buyer who has purchased an apartment on the
development with the assistance of the
Help-to-Buy-Wales scheme.
The Cabinet Secretary said: "For so many people, owning
a home can feel like a distant dream. We understand how
disheartening that can be, which is why we have invested more
than £600 million into our Help to Buy - Wales scheme
to help turn that dream into a reality.
"This support has already helped over 15,000 people like Mr
Rolfe and by extending the scheme we are making sure
thousands more will have that same opportunity.
“We will keep working with our partners to ensure Help to
Buy - Wales continues to change lives."
Lee Hawker, Managing Director of Persimmon Homes East Wales,
said: “We were delighted to welcome the Cabinet Secretary to The
Parish to see the real impact Help to Buy - Wales is having for
local people. At this development alone, more than a quarter of
homes have been purchased through the scheme – helping
young people and families from the area take their first step
onto the housing ladder.
“As the nation's largest housebuilder, responsible for delivering
around a quarter of all Help to Buy homes in Wales to date,
Persimmon is proud to play a leading role in providing
high-quality, much-needed homes across the country.
“Schemes like Help to Buy Wales are vital in enabling local
people to stay close to family, work and schools, and we remain
committed to working with the Welsh Government to support home
ownership across Wales in the years ahead.”
ENDS
Notes to editors
For more information about Help to Buy-Wales, go to Buy your dream home with
Help to Buy - Wales | GOV.WALES
