Responding to the launch of the Welsh Government’s housing equity scheme ‘Help to Buy’, Peter Black, Welsh Liberal Democrat Shadow Housing Minister, said:
“It is staggering how long it has taken the Welsh Labour Government to get this scheme up and running.
“The UK Coalition’s Equity Loan scheme has been a huge help for buyers in England and has significantly boosted the construction industry. Sadly, due to a lack of action from the Welsh Labour Government, Welsh buyers have been left without this vital support up until now. I am pleased that at long last this scheme has finally been launched.
“The number of completions of new homes in the first quarter of 2013/14 was down 10% on the previous year. This is particularly worrying considering the increase in demand for homes. I believe this scheme will go some way not only to help people buy their own home, but will also offer a much needed boost for the construction industry.”
