The government Right to Buy Scheme, which allowed home renters in Wales to purchase their council homes ended back in 2019. As of now, the scheme is only available in England and Northern Ireland.
You can learn more about this on the Welsh government website: https://www.gov.wales/right-buy-end-wales-month.
Are there any other schemes to help first time buyers?
The good news for first time buyers is that there are other options available to them. These can include:
- Help to Buy – Extended from April 2023 until March 2025 (Learn More: https://www.gov.wales/help-buy-wales)
- Shared Ownership
- Forces Help to Buy
On top of this, the team here at Cardiffmoneyman may be able to help with various other avenues as well, including low deposit mortgages, 95% mortgages and 90% mortgages.
To learn more about the other options available to you, it’s always worth speaking to a mortgage advisor in Cardiff. Book a chat or give us a call, it’s free to do so and we’ll help you understand what your next steps could be.
Date Last Edited: June 25, 2024
