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Mortgage Guarantee Programme - Equality Impact Assessment

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A mortgage guarantee scheme was announced in November 2012 to help people take the first step onto or to move up the property ladder. This equality impact assessment was published in 2013.

The scheme was rolled out in the Spring of 2013. The three and a half year scheme, which will be run in partnership with house builders, will be available to buyers in areas of housing pressure and first time buyers across Wales. It will support the purchase of up to 3,000 new build homes up to the value of £250,000.

Rather than funding being made directly available to buyers, the Welsh Government and house builders will act as guarantors. This means buyers can secure high loan to value mortgages that would not otherwise be available to them. Buyers will contribute a 5% deposit.


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