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Welcome for Boost to Housing Market in Rural Wales – William Powell AM

November 16, 2012 2:02 PM

William Powell, Welsh Liberal Democrat Assembly Member for Mid & West Wales today welcomed the announcement by the Welsh Government of a scheme to help first-time buyers and those wanting a bigger home. The new Government-backed Mortgage Guarantee Scheme will be rolled out from next Spring. It will be available to all first-time buyers on up to 3,000 new homes across Wales up to the value of £250,000.

William Powell commented:

"This was a scheme put forward by the Welsh Liberal Democrats in last year's Welsh Government budget negotiations. It will help potential house buyers who need help with their upfront deposit as well as helping to stimulate the economy. It will be of particular assistance in rural areas by helping first-time buyers to stay in their local communities as well as providing much needed local jobs in the construction sector."

Further background can be found at:

http://wales.gov.uk/newsroom/housingandcommunity/2012/121113ms/;jsessionid=0311E4FE7370A4A5F211522E499346E6?status=closed&lang=en