- 5 updates
The NewBuy Cymru scheme was one agreed by the Welsh Government and the Liberal Democrats to pass the budget last May.
Peter Black, the Welsh Liberal Democrats' Shadow Housing Minister, says first-time buyers have been let down as the Welsh Government.
The Welsh Government has confirmed it is dropping a flagship scheme which promised to help homebuyers with mortgages.
Housing Minister Carl Sargeant says NewBuy Cymru, which was due to launch on 3 June, will not go ahead, because of a similar scheme announced by the UK Government in last month's Budget.