Help to Buy - Wales (Shared Equity Loan Scheme): April to June 2023

In December 2022 the Minister for Climate Change announced the scheme in Wales would continue until March 2025 with all homes sold through the scheme needing to meet a minimum of EPC B and the purchase price cap rising from £250,000 to £300,000.

Since its inception on 2 January 2014 to 30 June 2023, there have been 13,743 completions under Help to Buy Wales. First time buyers accounted for over three quarters of these completions and over half of the completions were 3 bedroom properties.

Main points

• 103 property purchases were completed using a Welsh Government shared equity loan.
• Between 1 April and 30 June 2023 there were 31 completed purchases of leasehold properties, all of which were flats.
• At 30 June 2023 there were 237 applications for loans still outstanding.
• During the quarter, the value of properties purchased totalled £22.9 million whilst the value of equity loans totalled £4.5 million.
• The mean property purchase price using the scheme during this quarter was £222,289 with a mean equity loan value of £43,610.

Note

The information is collected on behalf of the Welsh Government by Help to Buy - Wales Ltd. Information at a local authority level is published on StatsWales.