Gwynedd Council has launched an innovative new scheme that offers a grant of up to £20,000 to help first time buyers to pay for the renovation of an empty property.
The scheme is available to Gwynedd residents who are looking to buy a house for the first time, and also to empty home owners, where the property has been vacant for at least six months. It will assist in reducing the number of empty homes in the county by offering a substantial financial aid in order to help first time buyers to be able to fund renovating costs.
Craig ab Iago, Gwynedd Council Cabinet Member for Housing said: “Buying a house for the first time can place a huge financial strain on people. This scheme offers a great opportunity to offer aid to first time buyers whilst reducing the number of empty properties within the county.
“A number of schemes have already proven successful in Gwynedd during the last few years in order to bring empty properties back to use, and the Council’s empty homes team are continuing to work with property owners to renovate more empty homes. We also offer a loan for first buyers to help them pay their deposit.
“Quite simply, this initiative is a win-win for all concerned – it provides financial aid for first time buyers in Gwynedd, improves the local environment by improving and bringing derelict buildings back into use as well as helping current homeowners to improve their empty properties.”
In order to be considered for a grant, the individual must use the property as their primary home. If the property is sold within five years of obtaining the grant, it will have to be partially repaid.
For further information, or to apply for the scheme, please contact Gwynedd Council’s Empty Homes Team on 01341 424 371, email email@example.com or visit the website at www.gwynedd.llyw.cymru/emptyhomes