Step One

Step One is the Assisted Home Ownership initiative introduced by North Wales Housing (NWH) and based on the Welsh Assembly Government's HomeBuy Scheme.

It aims to help those people in our communities who are unable to buy their own home without additional assistance.

With Step One, the homebuyer provides 70 per cent of the cost of the property, generally through a mortgage, while NWH funds the remaining 30 per cent through an ‘equity loan'. (This is secured by means of a second charge recorded at Land Registry which helps to ensure that NWHA receives the repayment of the 30 per cent loan on resale.)

Also you will need to make general mortgage enquiries to find out whether a mortgage can be provided for you and how much you would be able to borrow. It is important you are sure you'll be comfortable making the mortgage payments on top of your normal household bills. Do not enter into any financial or legal commitments at this stage.