Snowdonia home buy help project has no successful applicants
- Published
A housing project to help local people buy a home in Snowdonia has not had a single successful applicant since it was set up in 2015, according to a report.
Snowdonia National Park Authority introduced ³ÉÈË¿ìÊÖbuy with loans of up to 50% for people who meet its criteria.
People aged over 18 must be working, have an income of between £16,000 and £45,000, and have local connections.
"The reason for the lack of interest is unclear," said the .
"To date, there have been no successful applications for the ³ÉÈË¿ìÊÖbuy scheme within the national park.
"It may be due to personal reasons or financial reasons where the applicant cannot secure a mortgage."
In January 2020, the authority began liaising with Conwy County Borough Council over a scheme to help first-time buyers to renovate empty properties or convert properties to residential use.
A sum of £100,000 was allocated for that project and, to date, £86,000 has been awarded for properties in Betws-y-Coed and Trefriw.
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