‘Staggering how long it’s taken for Equity Scheme to be up and running’

Responding to the launch of the Welsh Government's housing equity scheme 'Help to Buy', Peter Black, Welsh Liberal Democrat Shadow Housing Minister, said:

"It is staggering how long it has taken the Welsh Labour Government to get this scheme up and running.

"The UK Coalition's Equity Loan scheme has been a huge help for buyers in England and has significantly boosted the construction industry. Sadly, due to a lack of action from the Welsh Labour Government, Welsh buyers have been left without this vital support up until now. I am pleased that at long last this scheme has finally been launched.

"The number of completions of new homes in the first quarter of 2013/14 was down 10% on the previous year. This is particularly worrying considering the increase in demand for homes. I believe this scheme will go some way not only to help people buy their own home, but will also offer a much needed boost for the construction industry."

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