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Housebuilder attacks Welsh government Help to Buy inaction

  • 07/11/2013
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Housebuilder attacks Welsh government Help to Buy inaction
A leading housebuilder has criticised the Welsh government’s housing policy stating it has fallen behind England and Scotland.

The Help to Buy mortgage guarantee launched in October and is available across the UK but the first phase of the scheme, the equity loan, launched solely in England in April.

Help to Buy Scotland was launched in September but similar schemes have yet to reach the market in Wales and Northern Ireland.

Glyn Mabey, chairman of Persimmon Wales, said the Welsh housing market was now falling behind those in England and Scotland due to its  government’s sluggishness.

“A lack of a coherent economic growth strategy and no government-led purchase schemes which are available in England and more recently Scotland, such as Help to Buy, have left Wales lagging behind,” he told Wales Online.

“We are a strong and ambitious company ready to invest into Wales to provide much needed homes and additional employment opportunities, but in order to do this we need the full support of the Welsh government to commit to addressing the issues that are holding back housing development in our country.”

The Welsh government announced in July it was to launch Help to Buy Cymru before the end of the year and confirmed again to Mortgage Solutions the scheme would launch in the next eight weeks.

Mortgage Solutions reported yesterday Persimmon has sold more than 3,000 homes in England under the first phase of the Help to Buy scheme since April.

Mabey added: “We continue to grow our businesses in Wales and intend on developing around 1,000 homes each year which makes us the largest housing developer and employer in Wales and demonstrates our on-going desire to invest in the country and to support economic growth.

“Whilst our latest group figures shows a significant increase, which translates into more homes, more jobs and more economic stimulus, unfortunately these results are not reflective of the situation in Wales.”

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