'Good news! Help to Buy Wales extended!'

The following is taken from an article from Mortgage Strategy on 15th December 2022:

‘The Help to Buy scheme has been extended until 2025 in Wales, it has been announced.

In a written statement about its future by Julie James, minister for climate change, described the scheme as “an important source of support for the housing industry and supply chains”. 

Applications for Help to Buy in Wales were set to end in March 2023 but have now been extended by two years. The price cap will also rise from £250,000 to £300,000 as of April 2023 which James said was “in line with increases in average house prices in Wales”. 

She added: “It is important to ensure that the extension to the scheme takes account of changes in the housing market, the impact of the current economic climate on potential homeowners and the housing industry.” 

James said the extension to the scheme had been developed with the support of UK Finance, the Home Builders Federation, the Federation of Master Builders and the Development Bank of Wales. 

She said she wanted to ensure the scheme was relevant and targetted to those who need it. James also announced there would be research into the future needs of homebuyers and how Help to Buy can assist those needs, which will inform the government’s support for people buying a home. ‘

Here at Adept, we’re one of the accredited brokers on Wales Help to Buy’s recommended list of brokers to provide suitable advice to prospective buyers so, if you’re thinking of buying a property using this scheme, then please call us so we can help you find the best mortgage product for you.

Tel (Mark) – 07973 502949

Tel (Andrew) – 07971 519735

Adept Private Finance is a trading style of I-Property Finance Limited, which is authorised and regulated by the Financial Conduct Authority. Our Financial Register Number is 734423.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.