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28/11/2008

Affordable Homes On Sale In East Renfrewshire

Affordable housing is available to buy in Barrhead, thanks to a partnership between Cube Housing Association and the Scottish Government.

And an agreement with the council means that East Renfrewshire residents or people with a local connection get the first chance to buy.

The semi-detached two and three-bedroom houses are available through a shared equity scheme. This means people can buy a home for 60 to 80 per cent of the sale price, with the Housing Association retaining the remaining equity until owners increase their share to 100 per cent, or sell the house.
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The houses, at Lomond View, Auchenback, are available to buy at £72,000 for a 60 per cent equity share of a £120,00 two-bedroom house and £81,000 for a £135,000 three-bedroom house.

All homes include an efficient gas central heating system and double glazing, a fitted dining kitchen, separate downstairs WC and family bathroom.

The scheme is part of a government initiative to help first time buyers or those on low incomes to buy their own home. The actual equity share available to a buyer is based on what they could afford.

The council’s housing convener, Councillor Danny Devlin said: “East Renfrewshire has the highest house prices in Scotland and there’s a real danger of people being priced out of the market which has a knock-on effect for our local communities.

“Making local housing more affordable for local people can only benefit East Renfrewshire in the short and long term."

For more information about the properties get in touch with Link Homes on 0845 155 0019.

(GK/KMcA)

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