Lib Dems urge government to push help to buy
Published by Max Salsbury for 24dash.com in Central Government and also in Finance, Housing
For sale sign
The Welsh Liberal Democrats have urged the Labour government to get the help to buy Cymru scheme up and running as soon as possible.
Lib Dem housing spokesperson Peter Black said: “The people of Wales need support to buy their own home now. The failure of the Welsh Labour government to get Newbuy Cymru off the ground cannot be repeated as the price of houses goes up.
“I am pleased that our economy is making a slow stagger forward but this means buyers need more support to buy their home. I welcomed the extra funding for help to buy Cymru in the draft budget but we need a launch date as soon as physically possible.
"Homebuyers have already been let down by the Welsh Labour government. Buyers in England already have support from the coalition government. Let’s give Welsh homebuyers the support they need now."
The second phase the coalition's help to buy scheme, originally planned to go live in January next year, was recently brought forward by prime minister David Cameron.
The scheme offers first time buyers the chance to buy a home whilst providing a deposit of just 5%.
However, the scheme has been slammed by some, including business secretary Vince Cable, as liable to cause another housing bubble.