Helping you to own a home
Can you afford to buy?
Buying a home could be the biggest single investment you ever make. It’s an exciting time, but there is a lot to think about. So you’ll need to take time to look at the costs.
You can find advice on saving for a deposit, getting a mortgage and much more on the Money Helper website. You can even use an online calculator to estimate how much your mortgage repayments could be.
To find out more about the process, key stages and what fees to expect, we recommend you visit their home-buying timeline first.
New-build scheme for those looking to save towards a mortgage deposit, in which 25% of rent that you have paid will be returned to you to help you purchase the home.
Shared ownership scheme allowing the purchase of between 25% to 75% of a property with rent being paid on the remaining share.
Shared equity loan scheme for homes up to £300,000, for first-time buyers and home movers who have a 5% deposit.
Equity loan scheme for those who meet specific criteria, providing a loan of between 30% to 50% to assist in buying a property.
Self Build Wales is a scheme to assist people with the funding to build their own home.
Get help paying your mortgage with a Help to Stay shared equity loan
About Help to Stay - Wales
The Help to Stay – Wales scheme can offer support to those who are either:
- having financial difficulty paying their existing mortgage
- facing financial difficulty paying their existing mortgage
The Help to Stay – Wales scheme offers support to homeowners in the form of a shared equity loan.
A shared equity loan is where a lender agrees to give you a loan alongside your existing mortgage lender in return for a share of any profits when you sell your house or repay the loan.
A shared equity loan can help reduce existing monthly mortgage payments to an affordable level and allow you to continue to own and live in your home. It will also give you time to resolve your financial issues, reducing the risk of repossession.
As part of the application process, eligible applicants will be offered the assistance of an Independent Financial Advisor who will carry out a financial assessment. The assessment will be based on your household’s specific circumstances and will help to determine the most appropriate option available to you.
If the most appropriate option is a shared equity loan and you are eligible, your application will be progressed under the scheme.
For further information click here