New Help to Buy Wales scheme available on brand-new homes in Newport

Leading developer Lovell Homes is encouraging property seekers to consider its two popular developments in Newport, where its three-bedroom homes are now available under the new Government-backed Help to Buy Wales* scheme.

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 stunning range of 264 two, three and four-bedroom houses and one and two-bedroom apartments.

On the site of the former Llanwern steelworks, off Baldwin Drive, is Locke Gardens, which is comprised of a stylish collection of 285 two, three and four-bedroom homes.

From 1^st April 2023, the Help to Buy Wales price cap was increased from £250,000 to £300,000, meaning that a selection of newly released three-bedroom homes at both Lovell developments are now eligible for the scheme.

Help to Buy Wales is 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 enables buyers to purchase a new build property with just 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.

Shot25 – Interior of the Lansdown style showhome at Locke Gardens

To help buyers make sure they’re mortgage ready before enquiring about a new home in Newport, Lovell Homes has partnered with Deb Hurley, an independent mortgage advisor and new build specialist for ABP Mortgages, to create a handy video which breaks down the process of reserving a home. The video can be viewed on YouTube at https://www.youtube.com/watch?v=Ig4tayju9f8.

Suzie Hewitt, regional sales director at Lovell Homes, said: “We are delighted that our three-bedroom homes in Newport are now available under Help to Buy Wales, as we’re able to help many more house hunters find a property that is perfect for them.

“For most people, buying a home is one of the biggest investments they will ever make, and it is important for us at Lovell Homes that people receive the best possible value. The homes at Royal Victoria Court and Locke Gardens are ideal for a wide range of purchasers, and we can’t wait to help buyers make the move to their dream home in a way that is affordable, something that is even more valuable in today’s cost-of-living crisis.

“We would encourage anyone who is interested in our wonderful homes that are eligible for Help to Buy Wales to get in touch with our sales team to find out more.” 

Royal Victoria Court and Locke Gardens are now open seven days a week, 10am to 5pm. To find out more, visit https://www.lovell.co.uk/developments/royal-victoria-court-newport/ or call on 01633 928 856 for Royal Victoria Court. For Locke Gardens, visit https://www.lovell.co.uk/developments/locke-gardens-llanwern/ or call on 01633 494 965.

Royal Victoria Court is being delivered by Lovell in partnership with Tirion Homes and with support from Welsh Government. The development will consist of 528 properties, including 264 open market sale homes and 234 affordable homes for rent with Tirion Homes, alongside an additional 30 properties for low-cost home ownership through Melin Homes. 

Locke Gardens is being delivered by Lovell in partnership with Pobl. The development will consist of 500 properties, including 285 open market sale homes, 80 affordable homes and 135 shared ownership properties. The development is part of Glan Llyn – a residential-led development being delivered by St Modwen. The £1 billion regeneration project is transforming the 600-acre brownfield site and creating a major new vibrant community for South Wales, with a total of 4,000 new homes being delivered alongside community infrastructure and green, open space.

*T&Cs apply. For more information on Help to Buy Wales, visit https://www.lovell.co.uk/offers/help-to-buy-wales/.

You can also like Lovell on Facebook https://www.facebook.com/lovellhomes and follow Lovell on Instagram at @lovell_homes, and on LinkedIn @LovellPartnershipsLtd.