HBF response: Welsh Government confirms extension of Help to Buy
In a written ministerial statement Minister for Climate Change, Julie James, has confirmed Welsh government's intention to extend the Help to Buy scheme in Wales until March 2025.
Since its launch in January 2014 Help to Buy Wales has helped 13,405 households buy new build homes, of which nearly 80% were first time buyers.
Mark Harris, HBF's Planning and Policy Advisor for Wales says: “We warmly welcome the Welsh Government’s extension of Help to Buy Wales, particularly at this time of market uncertainty. "
Harris continues: "With mortgage availability challenged, the move will support beleaguered purchasers and in turn underpin the supply of desperately needed new homes.
Harris concludes: "The return to a higher price cap (£300K from £250K) will also increase the availability of the scheme and help even more people realise their ambition of home ownership.