Developer Lovell Homes is encouraging buyers to enquire about purchasing with Help to Buy Wales at its two Newport developments now that the scheme has been extended to 2026.
Lovell Homes is currently providing new homes at two developments in Newport – Royal Victoria Court and Locke Gardens.
Royal Victoria Court is located off Cardiff Road, on the site of the former Whiteheads steelworks, and consists of a range of 264 two, three and four-bedroom houses and one and two-bedroom apartments. Locke Gardens is on the site of the former Llanwern steelworks, and is comprised of a collection of 286 two, three and four-bedroom homes.
The Welsh Government’s Help to Buy Wales scheme was due to end in March 2025 but has recently been extended to September 2026, allowing more people to step onto or up the property ladder with the scheme’s assistance.
Help to Buy Wales was designed to make the homebuying process as easy as possible and is not restricted to first-time buyers, meaning all purchasers looking to move to a brand-new home are provided with support.
The scheme is available on properties up to £300,000 and enables buyers to purchase a new build property with a five per cent deposit. The remainder is made up from a 75 per cent mortgage and a 20 per cent equity loan, which is interest free for the first five years.
To date, 53 per cent of buyers at Royal Victoria Court and 36 per cent at Locke Gardens have used Help to Buy Wales to purchase their new home.
Suzie Hewitt, regional sales director at Lovell Homes, said:
“Help to Buy Wales is an excellent scheme, so we were delighted by the news that it has been extended until 2026. For most people, buying a home is one of the biggest investments they will ever make, and this scheme has made the dream of homeownership possible for many buyers who would’ve thought it was out of reach.”
