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Repayment Holiday for Help to Buy Wales Customers

Cadarnhad Gan y Gweinidog Tai y Bydd Ad-daliadau Llog Benthyciadau Cymorth i Brynu yn Cael eu Gohirio Dros dro

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Gymraeg

The Welsh Government is introducing a temporary three month interest repayment holiday for interest bearing Help to Buy Wales customers who may suffer financial hardship as a result of the Coronavirus outbreak, Housing Minister, Julie James, has confirmed.

The announcement means customers who might be affected by Coronavirus, who subsequently suffer a drop in income will not need to pay a Help to Buy loan interest repayment, for a three month period.

Currently there are 619 interest bearing customers in the scheme in Wales.

Housing Minister, Julie James said:

“The steps I’m taking today will help several hundred Help to Buy Wales customers, who may be impacted by Coronavirus, deal with potentially unexpected financial hardship.

“The Welsh Government continues to do all it can to support the people of Wales during this difficult time.”

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The Welsh Government is the devolved Government for Wales.

They are working to help improve the lives of people in Wales and make our nation a better place in which to live and work.

The Welsh Government consists of:

The First Minister
Welsh Ministers
The Counsel General
Deputy Ministers.

They are supported by civil servants who work across devolved areas that include key areas of public life such as health, education and the environment.

They aim to be open and responsive to the needs of citizens and communities and are one of the few governments in the world that publishes Cabinet minutes and papers. Responsibility for most key areas of public life including health, education and environment is devolved.

With offices across Wales, including Merthyr Tydfil, Aberystwyth and Llandudno Junction, they are getting closer to the people they serve.

 

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