SHORT BROS HOMES:
REGISTERED HELP TO BUY CONTRACTORS IN WALES

As part of our ongoing commitment to successful, supported, and sustainable living and working communities, Short Bros Homes are proud to be a registered member of the Help to Buy Wales scheme.  We hope that by pledging to help everyone to be able to afford an environmentally friendly, tenable home, we can help to build diverse and supportive communities that thrive.  In order to build multifarious communities, not just houses, we need to make our housing as inclusive to first-time buyers as possible.  After all, everyone deserves to have a home.

HELP TO BUY

The Welsh Government provides a shared equity loan to buyers of new-build homes. The Help to Buy scheme supports the purchase of homes up to £250,000 (from April 2021) bought through a registered Help to Buy builder such as Short Bros Homes.

HOW IT WORKS

With Help to Buy Wales

  • you must provide a 5% deposit
  • the scheme provides a shared equity loan of up to 20% of the purchase price
  • you must take out a repayment mortgage to cover the remaining amount

FINANCIAL EXAMPLE

For a property worth £200,000Amount Percentage
Cash deposit£10,0005%
Shared equity loan£40,00020%
Your mortgage£150,00075%

ELIGIBILITY

To be eligible for the Help to Buy Wales for a Short Bros Home, you must:

  • be buying an eligible home, with a maximum price of £250,000 from a builder like us who is registered for the scheme
  • be able to fund at least 80% of the property price through a combination of repayment mortgage and a minimum deposit of 5% purchase price
  • take out a first charge repayment mortgage with a qualifying lender
  • not sub-let any part of the house you are buying through the scheme
  • not be renting your existing home and buying a second home through the scheme