Written question WQ93598
- Asked by
- Siân GwenllianPlaid
- To be answered by
- Cabinet Secretary for Housing, Local Government and Planning
- Tabled
- Due
- Answered
- Time to answer
- 8 days
Question
How many people have taken advantage of the Help to Stay scheme to date?
Answer
Answered by Cabinet Secretary for Housing, Local Government and Planning
The Help to Stay Wales scheme was launched in November 2023 and offers support to those having or facing difficulty in paying their existing mortgage. The scheme offers support to homeowners in the form of a shared equity loan, however, encourages households to seek free debt advice. For those eligible for the scheme support is also provided through an Independent Financial Advisor who will carry out a financial assessment.
To date, 56 applications have been received for the scheme, 5 households have benefitted from the programme, with another 7 approved and progressing to completion. However, the scheme has also encouraged numerous households to seek free debt advice which may have provided an alternative solution to meet their needs.