Julie James, Minister for Climate Change
Today (14 December 2022) I am announcing my intention to extend Help to Buy Wales for a further two years, until March 2025.
It is important to ensure that the extension to the scheme takes account of changes in the housing market, the impact of the current economic climate on potential home-owners and the housing industry.
I will, therefore, introduce a new price cap of £300,000 for Help to Buy Wales from April 2023, in line with increases in average house prices in Wales. Working towards our goals of improving the energy efficiency of homes, all homes purchased with the support of the scheme will need to reach a minimum of Energy Performance Certificate (EPC) B.
This extension has been developed with the support of UK Finance, the Home Builders Federation, the Federation of Master Builders and the Development Bank of Wales.
The Welsh Government wants to ensure support for potential new home-owners continues to be relevant and targeted at those who most need it, particularly in these economically challenging times.
In making this announcement I am providing certainty to people who are hoping to buy a home and offering support to more than 90 developers and SMEs registered to deliver the scheme.
For further information please select the following link Written Statement: The future of Help to Buy Wales from April 2023 (14 December 2022) | GOV.WALES