Wales: Housing minister confirms Help to Buy loan interest repayment holiday

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.

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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