Homebuy scheme helping more residents get on the property ladder

People looking to buy their own home in Carmarthenshire are being encouraged to explore the Homebuy Scheme, which helps eligible households purchase a property they may otherwise be unable to afford.

Delivered by Carmarthenshire County Council in partnership with Wales & West Housing, the Welsh Government-backed scheme provides an equity loan to help bridge the affordability gap, reducing the amount that needs to be borrowed through a mortgage.

The scheme is aimed at local people who are unable to meet their housing needs through the open market without assistance, including those looking to move on from private renting or social housing into home ownership.

Typically, Homebuy can provide an equity loan of between 20% and 40% of a property's market value, helping make home ownership more accessible while allowing buyers to own their home outright.

For further information on the scheme including eligibility and how to apply, click on the link below.

Carmarthenshire County Council’s Cabinet Member for Homes, Emlyn Schiavone, said:

We know that many people and families aspire to own their own home but can find it difficult to bridge the gap between what they can afford and current market prices. The Homebuy Scheme provides valuable support to eligible residents, helping them access affordable home ownership while enabling people to remain within the communities where they live, work and have family connections. We encourage anyone who thinks they may qualify to get in touch and find out more."

For more information about Homebuy Carmarthenshire, visit: Homebuy Carmarthenshire - Carmarthenshire County Council