First time buyers on low incomes in Montrose and Angus are being targeted by a home ownership scheme in the town.
The first phase of a new housing development in the burgh is nearing completion as part of a scheme that offers 25 per cent off the sale price.
Angus Council and Pert Bruce Construction Ltd., are working in partnership to regenerate the brownfield site at Hill Place and Lower Balmain Street.
The site is being developed into 20 new homes, which will be available for sale.
The first phase will comprise of 10 flats and townhouses and seven flats will be available to buy under the low cost home ownership scheme.
The scheme is part of the council’s commitment to provide a range of options for home buyers throughout Angus and is aimed specifically at first-time buyers on low incomes who may be unable to purchase without assistance.
Councillor Donald Morrison, Angus Council housing spokesperson, said: “We are acutely aware of how challenging it can be to buy your first home and it is particularly important that we do what we can.
“By developing a range of housing options we are assisting buyers who live or work in the town to achieve home ownership. Through our affordable housing programme we’re also working with developers to ensure many of the new homes being built in the county are available to local people through various home ownership schemes.”
The joint venture, under the Scottish Government’s Survive and Thrive initiative, allows the two bedroom flats, which have a value of approximately £97,000, to be sold with a 25 per cent discount off the sale price to eligible first time buyers, which means they pay £73,000.
Angus Council are administering the scheme and applicants will be expected to meet relevant criteria when they apply to buy one of the flats.
Jamie Pert, of Pert Bruce Construction Ltd., said: “We are delighted with the positive response to this development and also with the collaborative thinking and interface with Angus Council, which has helped to make this opportunity a reality and a major benefit to the community and its construction sector.
“We now hope that other suitable brownfield sites can be developed to improve our local built-environment.”
For more information, contact Angus Council housing division through ACCESSLine on 08452 77777 or T Duncan and Co on 01674 672533.