A helping hand to buy a new home in Swansea

Property-seekers have a fantastic chance to get ‘Help to Buy’ a brand new home at leading house builder Taylor Wimpey’s popular developments near Swansea.

The Welsh Government’s new Help to Buy Wales shared equity scheme is available now at Glyn Afon in Godre'r Graig and Dol y Dderwen in Ammanford.

Help to Buy Wales customers can secure a loan from the Welsh Government of up to 20% of their new home’s full price – meaning they only require a 75% loan-to-value mortgage and a 5% deposit.

For example, the beautiful three-bedroom ‘Denford’ semi-detached house at Dol y Dderwen, priced at £124,995, can be secured under Help to Buy Wales. With an equity loan of up to £24,999, the purchaser only requires a mortgage of £93,746 and a deposit as low as £6,249.

The scheme is open to first-time buyers and existing home-owners purchasing new-build properties in Wales up to the value of £300,000.

Because Help to Buy Wales customers only require a 75% loan-to-value mortgage, they can access a much wider range of competitive deals from lenders, making their monthly mortgage payments more affordable.

Sara Taylor, Sales and Marketing Director for Taylor Wimpey South Wales, says: “Help to Buy Wales is a fantastic scheme for potential purchasers who until now have been struggling to step on or up the property ladder.

“This homebuyer incentive makes securing a stunning new home in this wonderful part of the country even easier and more affordable than house-hunters may have thought – and they can benefit from lower monthly mortgage payments.

“However, the launch of Help to Buy Wales has been hotly anticipated, so I’d advise anyone hoping to take advantage of this initiative to get in quick, or risk missing out on their dream home.”

To find out more about moving on – or up – the property ladder in the Swansea area, property-seekers can visit the Sales Centre at the following developments:

Glyn Afon
Off Golwg Y Mynydd, Godre'r Graig, Neath, SA9 2DT
3 and 4-bedroom homes from £119,995
Launching in January

Dol y Dderwen
Off Heol Llwyd, Bonllwyn, Ammanford, Carmarthenshire, SA18 2GA
3 and 4-bedroom homes from £124,995
Open daily, 10am to 5pm

Further information on Taylor Wimpey developments across the region is available by visiting taylorwimpey.co.uk.