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How to buy a home through Help to Buy - Wales

How to buy a home through Help to Buy - Wales

How to buy

Buying a home with a Help to Buy – Wales shared equity loan couldn’t be easier, all buyers need to do is:

Find a Help to Buy – Wales property from a registered builder

The first step in buying a new home with a Help to Buy – Wales shared equity loan is to find an eligible property being offered by a builder who is registered with the initiative.

Builders who are registered with Help to Buy – Wales will provide details of all eligible properties on their websites, at their developments, in their show rooms and through a variety of other channels.

Submit application to Help to Buy (Wales) Ltd

Having found a Help to Buy – Wales property you wish to purchase, you will need to complete a Help to Buy - Wales Application Form and send it along with a copy of the builder’s reservation form and copies of your payslip covering your earnings for the last three months to Help to Buy (Wales) Ltd.

These forms can be submitted via email to or by post/fax:

Help to Buy (Wales) Ltd
1 Capital Quarter
Tyndall Street
CF10 4BZ

Fax No.: 02920 803451

Help to Buy (Wales) Ltd checks eligibility and affordability

Help to Buy (Wales) Ltd will check the details submitted on your Help to Buy – Wales Property Information Form and builder’s reservation form to ensure that you are eligible for a Help to Buy – Wales shared equity loan and that you can afford a conventional repayment mortgage.

Typically, your Help to Buy - Wales shared equity loan and mortgage will be assessed on a multiple of up to 4.5 times your household income. Help to Buy (Wales) Ltd will also work to a guideline to ensure that your monthly costs (mortgage, service charges and fees) are no more than 45% of your net disposable income. Further details relating to this affordability calculation can be found in the Help to Buy – Wales Buyers’ Guide.

If eligible, approval sent to buyer, builder and buyer’s solicitor

Provided you pass the affordability and eligibility check, Help to Buy (Wales) Ltd will send you, your solicitor and the builder an “Authority to Proceed” within four working days of receiving your fully completed Help to Buy – Wales Property Information Form and reservation form.

The ‘Authority to Proceed’ will be accompanied by instructions to you and your solicitor. This pack will include legal documents that will be explained to you by your solicitor.

Buyer submits full mortgage application to lender and receives offer

Having received the 'Authority to Proceed' you instruct your solicitor to act for you and inform your IFA (if you have one) so that a full mortgage application can be submitted.

Your solicitor will check that the mortgage offer, property price, income and available funds are consistent with the 'Authority to Proceed', and requests permission to exchange contracts from Help to Buy (Wales) Ltd.  This will happen at least 5 days before the exchange date.

Contracts exchanged, funds transferred and sale is complete

Assuming there are no issues with your paperwork, within three working days of receiving the request from your solicitor to exchange contracts Help to Buy (Wales) Ltd will issue an ‘Authority to Exchange’. Contracts will be exchanged in preparation for completion within the next 6 months.

At this point you will have paid a deposit and are now legally contracted to complete the purchase by the agreed date.

At least 5 days before completion, your solicitor will request the shared equity loan funding from Help to Buy (Wales) Ltd be transferred to them to hold, alongside the funds from your first charge mortgage lender, in preparation for completion.

Once completion has taken place you will own the property and can move in.

At this point, Help to Buy (Wales) Ltd will contact you outlining your future obligations as part of the scheme and provide you with a copy of the Help to Buy - Wales Post Sales Guide

Download documents

Help to Buy - Wales: Shared Equity Loan

Case studies

Five couples moved into their new homes at Cwm Calon

We started looking for a home last September but we were struggling to find something we liked within our price range. When we visited Cwm Calon for the first time, we immediately fell in love, and luckily Help to Buy - Wales has enabled us to afford to buy here... Read more

Toby, Cwm Calon.

More case studies

Other Help to Buy schemes in Wales:

Forces Help to Buy expand
Help to Buy logo

Regular armed forces personnel can benefit from a £200 million scheme to help them get on the property ladder.

The Forces Help to Buy scheme enables servicemen and servicewomen to borrow up to 50% of their salary, interest free, to buy their first home or move to another property on assignment or as their families needs change.

Details are available on the
UK Government website

Help to Buy: ISA expand
Help to Buy logo

You can put away up to £200 a month in a Help to Buy: ISA that the government will then top up by 25%, up to a maximum of £3,000.

In the first month you’re also able to put away £1,200 - that’s an extra £1,000 on top of the monthly maximum of £200.

Details are available on the
Help to Buy website

Other affordable housing schemes in Wales:

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