I welcome the Minister to her post. I'm pleased to be able to start by congratulating Welsh Government on what strikes me as a really positive and on the face of it quite generous terms to this initiative. I just wonder, the press release said that loans would be 'repayment free' until the new home was complete and mortgaged, it then says:

'approved applicants can reserve a plot by providing a 25% deposit on the plot cost. The Welsh Government through the Development Bank of Wales will provide the rest of the funding.'

Does that mean that they only pay 25 per cent of the land cost and then all of the construction cost can be borrowed from the development bank? When you say 'repayment free', does that also mean interest free, or will there be interest that then has to be paid back after it's finished?