A PARTNERSHIP arrangement between Angus Council and construction company DJ Laing will help first time buyers living or working in the Brechin area to purchase a house at the town’s Braeview Park.
The scheme was devised by Angus Council to help potential house buyers, assist the local construction industry and creating employment and training opportunities in Angus.
The joint venture, under the council’s ‘Survive and Thrive’ initiative, allows selling prices to be reduced by up to 25 per cent with a further 20 per cent provided as an interest free loan, for up to ten years.
Eligible house buyers will only require a five per cent deposit and finance based on 75 per cent of the purchase price. Angus Council will retain a 20 per cent share in the property for a maximum of 10 years. Applicants must consist of a minimum two person households, living or working in Brechin or Edzell with a maximum household income of £40,000.
“We are delighted to be working in partnership with Angus Council to deliver affordable housing and are grateful for their support to our industry in the current economic times,” said DJ Laing sales director, Karen Nicoll.
“This funding allows us to complete the previously mothballed site at Braeview Park in Brechin, where work has already started on five homes of two different styles.”
Angus Council’s vice-convener of neighbourhood services, Councillor Jeanette Gaul, visited Braeview Park last Wednesday. She said: “This initiative will really assist first time buyers who live or work in the town to achieve home ownership and will also stimulate the local economy. I hope that those who meet the requirements and who want to buy their own homes will look into the details of the scheme.”
The two-bedroom bungalow is available at a fixed price of £95,000, with 20 per cent of the purchase price [£19,000] funded by Angus Council. Three bedroom homes were originally priced at £160,000 but have now been reduced to £120,000 with 20 per cent of the price [£24,000] provided on an interest free basis.
All properties will be ready to move into before Christmas.
The D J Laing Group is a major employer based in Carnoustie with a workforce of over 100, including seven apprentices, and 80 per cent of their employees reside in Angus.
For further information on the development or details of purchase through Survive and Thrive, contact D J Laing Homes on 0845 257 2290 or Angus Council housing division through ACCESSLine 08452 777 778.