Gladedale helps first-timers

A new property market initiative that could help dozens of families buy a house in Scotland has been introduced by Gladedale.

Under the terms of its new scheme, Gladedale will offer would-be house buyers to take on a mortgage worth 75 per cent of the property’s value and leave the remaining amount outstanding for a period of ten years.

There are various terms and conditions linked to the process but Gladedale is confident that the endeavour will make many of its houses at Drummond Grove in Blairgowrie more affordable for people looking to buy a house in Scotland.

"We are pleased to be offering the Shared Purchase scheme for the first time," said Tracy Marnoch, Gladedale’s sales and marketing manager.

"It will help to bring properties within the reach of some buyers and allow them to move up the property quicker than might have been possible."

Last month, the same property development business announced the launch of a new set of houses overlooking the Forth in the Burntisland area of Scotland.