Young prospective buyers will be able to pay the equivalent of rent on a property which they then go on to own, under plans announced by the Liberal Democrats in Wales - with no deposit necessary.
The party has pledged to make at least 2,500 so-called Rent To Own properties available, solely to would-be first time buyers.
The system would work like this: occupiers of the properties in the RTO developments would not require a letting or purchase deposit, but would pay a rent equivalent.
In an extreme case, assuming the occupant did not move, he or she would own the property outright after 30 years of paying rent.
Occupants would have the right to sell their home on the open market at any time, benefitting from their proportion of the property that has been ‘purchased’ through their rental payments up to the time of the transaction.
"Under our proposals, it doesn't matter what your background or family circumstance is, if you can afford your rent then we will help you own your home - something nearly everyone dreams of" says a Welsh LibDem spokesman.
It has not yet been decided whether the UK-wide Liberal Democrat party - which was reduced to a rump of eight MPs in the May general election - will adopt a similar policy.