The scheme, aimed at first-time buyers in Wales, offers financial support for people to get onto the property ladder when buying new build homes up to £300,000.

More than 9,000 existing Help to Buy Wales clients were successfully migrated onto Target’s platform, which will also be used to support new Help to Buy customers.

Stuart Anderson, chief commercial officer at Target Group, said: “Help to Buy Wales is a brilliant initiative providing vital funding support to thousands of new home purchases in Wales, many of which are with first time buyers. We are delighted to be involved in the scheme.

“The decision by the Development Bank of Wales to appoint Target Group is testament to the fantastic work our team has done in recent years to support our public sector clients.”