³ÉÈË¿ìÊÖ

Snowdonia home buy help project has no successful applicants

  • Published
³ÉÈË¿ìÊÖs in Betws-y-CoedImage source, Alan Hughes | Geograph
Image caption,

Snowdonia National Park Authority set up ³ÉÈË¿ìÊÖbuy offering loans of up to 50% in 2015

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.

Related internet links

The ³ÉÈË¿ìÊÖ is not responsible for the content of external sites.