Written question WQ99997
- Asked by
- Tom MontgomeryReform
- To be answered by
- Cabinet Minister for Local Government, Housing and Planning
- Tabled
- Due
- Answered
- Time to answer
- 12 days
Question
Why has the Cabinet Minister not expanded the Help to Buy – Wales scheme to include older housing stock?
Answer
Answered by Cabinet Minister for Local Government, Housing and Planning (Siân Gwenllian)
Help to Buy – Wales has helped to make homeownership more affordable for thousands of households, with more than 15,000 completions since its launch. As it is currently available on new build homes only, it also provides vital support to house builders and SMEs in our communities, which in turn brings jobs and economic growth.
On 27 July I announced the extension of Help to Buy - Wales and two other support schemes which make homeownership more accessible and affordable to people across Wales.
Other Welsh Government support schemes do provide opportunities to purchase existing housing stock including Homebuy-Wales and Shared Ownership Wales. I am currently reviewing all Welsh Government support for making homeownership more affordable.