Jayne Bryant MS, Cabinet Secretary of Housing and Local Government
One of this Government’s key priorities is providing opportunity for every family.
A secure home is the corner stone that provides the stability and security for families to succeed. That’s why I’m pleased to have extended our Help to Stay Wales scheme which is designed to assist those at risk of repossession or homelessness to stay in their homes.
The economic climate over recent years has presented many challenges to families across Wales. The number of mortgage arrears remains alarmingly high, and the risk of repossession leading to homelessness is a serious concern.
Our long-term ambition to end homelessness in Wales cannot be achieved unless we continue to invest in early intervention, prevention and support. The Help to Stay Wales scheme, which has already provided much needed support for families and individuals facing possession proceedings and even homelessness, has now been extended for a further 12 months, until March 2026.
The scheme is available to eligible households who have explored all other measures offered by their mortgage provider and sought help through debt advice services.
Homeowners who are eligible will receive mortgage advice from specialist debt advisors, with the costs fully covered by the Welsh Government. This will ensure the applicant has received independent advice as to the options available and confirm that all other avenues have been exhausted before offering a partial repayment of an existing mortgage balance via a low-cost equity loan reducing revised mortgage repayments to a level the applicant can afford.
Full guidance on the scheme, including the eligibility criteria is available at Help to Stay - Wales | GOV.WALES