Help to Buy - Wales (Shared Equity Loan Scheme): July to September 2022

From 1 April 2021 the maximum property price available through this scheme has been reduced to £250,000 from £300,000.

Since its inception on 2 January 2014 to 30 September 2022, there have been 13,405 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

• 78 property purchases were completed using a Welsh Government shared equity loan.
• Between 1 July and 30 September 2022 there were 5 completed purchases of leasehold properties, all of which were flats.
• At 30 September 2022 there were 258 applications for loans still outstanding.
• During the quarter, the value of properties purchased totalled £17.5 million whilst the value of equity loans totalled £3.4 million.
• The mean property purchase price using the scheme during this quarter was £224,543 with a mean equity loan value of £44,082.

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.