How Help to Buy - Wales Could Help You Buy A New Home In St Asaph
AN affordable route to homeownership is now available on new homes in St Asaph.
Castle Green Homes is progressing well with its Maes yr Haul development. Dozens of people have seized the opportunity to buy a new home at Maes yr Haul “off plan” and around 20 of the properties are now occupied.
With show homes opening soon, and likely to trigger further interest in the properties, the homebuilder is raising awareness of Help to Buy – Wales.
The Welsh Government scheme is designed to make homeownership easier to afford and was recently extended to March 2025 with an increased price cap of £300,000.
Sales and marketing director Caryl Russell explained: “Changes to Help to Buy – Wales mean even more homes are eligible to purchased with the aid of an equity loan. The increased price cap has the power to make a real difference to both first time buyers and those looking to make their next move. The scheme offers an affordable route to homeownership, with the offer of an equity loan for up to 20% of the price. Those who buy this way should find they’re able to access more favourable interest rates, usually reserved for those with more than a 5% deposit. The scheme is only available on new homes with an EPC B rating, meaning buyers should also enjoy lower energy bills too. In fact, based on research from the Home Builders’ Federation, those who live in a new house could save £180 a month or £2,200 a year on their energy bills”
A range of two and three-bedroom homes at Maes yr Haul are within the price cap for Help to Buy -Wales. Current prices start from £186,995 for a two-bedroom Oakley.
Using Help to Buy – Wales, customers should only need a 5% deposit and 75% mortgage. The balance is covered by the equity loan, which is interest free for five years.
“Dozens of people have already bought homes at Maes yr Haul with the aid of the digital resources we have available, via Willow, our award-winning customer portal. It’s a fantastic tool as it really brings the site plan to life enabling buyers to understand the development layout including where individual properties are positioned. They can ‘walk’ around the development and ‘inside’ homes before they’re built with the option of viewing properties furnished or unfurnished,” Caryll explained.
“Those who create a Willow account will be the first to know when we release more homes for sale as work progresses on site. Once they’ve reserved a home, Willow effectively becomes their digital new homes assistant keeping them updated on the build progress of their home. All of their documents will be stored there, and they’ll be able to use Willow to personalise their new home.”
Maes Yr Haul will include a central area of public open space with an equipped play area and footpaths, mature trees and ecological features to encourage the use of the space by wildlife.
The sales centre at the development is open daily from 10am to 5pm. For more information see https://www.castlegreenhomes.uk/our-developments/north-wales/maes-yr-haul.
