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Welsh Government
Data Provider: Welsh Government The number of Help to Buy - Wales applications by completion status
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[Collapse]Application Status 1
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Application Status 2
Click here to sortTotal Welsh local authorities
[Collapse]All Applications15,684
All Applications[Collapse]Applications in progressDue to the schemes nature, some of these applications may not all proceed to the completion stage.175
Applications in progressDue to the schemes nature, some of these applications may not all proceed to the completion stage.New cases yet to be fully assessedNew cases yet to be assessed are those received by Help to Buy (Wales) Ltd but have not, yet, been fully processed..The data item is not applicable
Authority to proceed issuedAuthority to Proceed (ATP) cases are those where Help to Buy (Wales) Ltd have assessed and passed an application for our shared equity loan funding.(r) The data item has been revised since previously published in StatsWales.54
Authority to exchange issuedAuthority to Exchange (ATE) cases are where an applicant has secured a full mortgage offer from an affiliated lender and, therefore, Help to Buy – Wales have informed the customer they can now exchange contracts.(r) The data item has been revised since previously published in StatsWales.62
Contracts exchangedContracts exchanged is where the applicant has exchanged contracts and Help to Buy (Wales) Ltd are ready to release our shared equity funding on the prescribed completion date.(r) The data item has been revised since previously published in StatsWales.50
QueriedQueried cases can occur at any stage in the loan-making process, usually as a result of minor paperwork discrepancies or incomplete information. When this occurs, Help to Buy (Wales) Ltd query the case with the buyer, or their conveyancer, before proceeding any further.(r) The data item has been revised since previously published in StatsWales.9
[Collapse]Completed Purchases14,034
Completed PurchasesNot repaid(r) The data item has been revised since previously published in StatsWales.7,852
Repaid(r) The data item has been revised since previously published in StatsWales.6,182
[Expand]Declined or Not Proceeding(r) The data item has been revised since previously published in StatsWales.1,475

Metadata

Title

Help to Buy - Wales applications by area and completion status

Last update

20 February 2024 20 February 2024

Next update

May 2024

Publishing organisation

Welsh Government

Source 1

The Help to Buy Scheme transactions record, Help to Buy Wales

Contact email

stats.housing@gov.wales

Designation

None

Lowest level of geographical disaggregation

Wales

Geographical coverage

Wales

Languages covered

English only

Data licensing

You may use and re-use this data free of charge in any format or medium, under the terms of the Open Government License - see http://www.nationalarchives.gov.uk/doc/open-government-licence

Keywords

Housing; New builds; Help to Buy; Housing and regeneration;

General description

Help to Buy - Wales is a £170 million shared equity loan scheme designed to support home ownership, stimulate building activity and provide a boost to the housing sector and wider economy. Under the scheme, loans are available to buyers wishing to purchase a new-build property worth up to £300,000. Help to Buy Wales support is available to all home buyers (not just first time buyers) who wish to purchase a new home, but may be constrained in doing so – for example, as a result of deposit requirements – but who could otherwise be expected to repay a mortgage. A shared equity loan of up to a maximum of 20% of the property purchase price is available. In addition, buyers are required to provide a 5% and will then need to secure a mortgage to cover the remaining balance. All builders (of all sizes) are able to register with the scheme and sell properties through the initiative.

The data shown here are aggregated from the individual transaction records recorded by Help to Buy Wales Ltd, an extract of which is supplied monthly to Welsh Government.

Data collection and calculation

The data are derived from an extract of completed transactions under the Help to Buy scheme in Wales is provided to the Welsh Government by Help to Buy - Wales Ltd each month.

Data are extracted from the Help to Buy (Wales) Ltd Client Relationship Management System (CRM ). All the information is held securely on the system and is input on their by the processing staff at Help to Buy (Wales) Ltd. All information stored on the CRM, in relation to Help to Buy – Wales properties, is provided by either the buyer or their solicitor/conveyancer as part of the Property Information Form, Conveyancers Form 1 or Conveyancer Form 2. More details on the process buyer’s go through, and the documentation they are required to complete to draw down a shared equity loan, can be found on the scheme website (See weblinks).

Frequency of publication

Quarterly

Data reference periods

The data refers to the number of applications at the end of each month shown, commencing from the scheme's launch on the 2nd of January 2014.

Users, uses and context

Please find this information in the related statistical publication, as per the given weblink.

Revisions information

All data for a given time period are initially provisional and subject to minor ongoing revision to account for late submission of completed applications to the transactions database. Generally revisions will not be required after a month or so has elapsed after the end of the given period.

Data prior to the last period that have been revised since previously published are marked in the data with an (r).

Statistical quality

Please find this information in the related statistical publication, as per the given weblink.