
Welsh Government extends three housing support schemes to 2027
Help to Buy – Wales, Help to Stay – Wales and the Empty Homes Grant have all been extended.

Help to Buy – Wales, Help to Stay – Wales and the Empty Homes Grant have all been extended.

Giuseppe Scozzaro said: “If Andy Burnham revives Help to Buy or a similar scheme, it could kickstart stalled projects into being built.”

Nearly a quarter of first-time buyers want Help to Buy-style schemes or stamp duty relief reinstated, as confidence in Government housing plans remains weak, according to new research from Aldermore.

The Help to Buy scheme ended in March last year after assisting over 350,000 buyers since its launch in 2013.

The Help to Buy ISA opened in December 2015 and closed to new entrants in November 2019.

Rishi Sunak announces a new housing support package including government-backed mortgages with 5% deposits and stamp duty abolition for first-time buyers, aiming to create an "ownership society."

The total number of completions during the period were down by 99% compared to the same quarter of the previous year.

Peter Stimson, head of product at MPowered Mortgages, calls for an end to Government backed homebuying schemes.

Simon Jackson, managing director of SDL Surveying, shares his thoughts on Help to Buy and the future of housing development.

Nathan Emerson said: “The Government needs to look beyond Help to Buy now as the after-effects of such a policy could create a dangerous housing bubble.”

He calls for a freeze on payments for the Government's Help to Buy scheme as a new City Hall analysis indicates that up to 4,500 London homeowners are financially strained due to increasing mortgage interest rates and ending Help to Buy loan grace periods.

The Liberal Democrats have called on the Government to establish a fund to support young families who are struggling to meet the increased mortgage payments and at risk of repossession.
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