Council scheme offering new homes at discount price sees every property sold

A scheme aimed at supporting first time home buyers has seen every property in a Monifieth housing development sold.

Built by Taylor Wimpey, each of the 22 two and three-bedroom properties were snapped up by qualifying households at discounted rates.

The Angus Council scheme offers low-cost home ownership via shared equity, with residents being able to buy a 60-80% initial stake in their properties.

It mirrors the Scottish Government’s new supply shared equity scheme, with it being aimed at first time buyers looking to get a foot on the property ladder.

The local authority said it not only benefits the new homeowners, but also helps reduce waiting lists for council housing.

Angus Council’s communities convener, councillor Mark Salmond, said, “I am really pleased that we are delivering a range of different affordable housing options across Angus, from new-build social rented housing, to shared equity.

“It demonstrates we are serious about providing more choice for our residents when it comes to getting good quality housing that they can afford – not just in terms of the advice we give, but in presenting them with real bricks and mortar options and places they would like to live and be proud to call home.”

Thorntons Property managed applications for the homes. Peter Ryder, MD of the firm, added, “This Development in Monifieth proved exceptionally popular and highlighted the high demand for this type of scheme, which helps buyers get on to the property market. The build quality was of a high standard and the feedback we received from clients after they moved into the properties was extremely positive. It is great to see Angus Council being so proactive and helping local residents with their housing needs.”