Queen Street opportunity for first time buyers

editorial image

The Guide & Gazette had a sneak peak today (Thursday) into the early stages of a Carnoustie affordable homes building project.

Angus Council is working in partnership with DJ Laing Homes on the refurbishment of the derelict Lord Snooty premises at 2 Queen Street which will be transformed into seven new affordable homes.

The joint venture is part of the ‘Survive and Thrive’ initiative which allows 20 per cent of the shared equity to be provided by the authority as an interest free loan for up to 10 years.

Eligible buyers will only require a five per cent deposit and finance based on 80 per cent of the purchase price with Angus Council retaining a 20 per cent share in the property for a maximum of 10 years.

Angus Council housing spokesperson, Councillor Donald Morrison said: “We are acutely aware of how challenging it can be to buy your first home and it is particularly important that we, as a council, 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 shared ownership.”

The Queen Street project is expected to be completed in the summer, providing two one-bedroom flats, four two-bedroom flats and one three-bedroom flats, all at fixed prices of £85,000, £105,000 and £140,000 respectively.