Mortgage aid scheme launches

House builders in Wales are launching their own schemes to help first time buyers to get on to the property ladder.

It'll mean Welsh buyers can access mortgage support equivalent to Help to Buy in England.

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Welsh Govt welcomes house builders' mortgage plans

We welcome this short-term initiative by Persimmon Homes and the valuable contribution they're making to the Welsh economy.

The Welsh Government is currently looking at a range of supply and demand initiatives to stimulate house building in Wales in order to support growth, create jobs and tackle poverty.

The Housing Minister will be making a statement on this work later in the month.

– Welsh Government spokesman

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House builders launch mortgage support schemes for Wales

The Welsh Government says it welcomes the plans

House builders in Wales are launching their own schemes to help first time buyers to get on to the property ladder.

It'll mean Welsh buyers can access mortgage support equivalent to Help to Buy in England.

The Welsh Government previously shelved plans to introduce its own version of the UK government's mortgage guarantee scheme until January 2014.

"We could do with a level playing field where we get similar assistance to what's available in England because that would assist us as well as other developers - as well as the house buyers" says Goronwy Owen, from Watkins Jones Homes.

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