THE price of the castle repossessed from former Rangers owner Craig Whyte has been cut by £100,000.

Castle Grant has failed to attract a buyer since being put on the market three months ago.

It was thought to have been snapped up less than a fortnight after going on the market but the sale fell through.

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Offers over £1 million are now being asked for the property near Grantown-on-Spey, down from £1.1m.

Whyte, whose reign at Ibrox saw the club plunged into liquidation, bought the castle for £720,000 in 2006.

The Bank of Scotland raised a legal action against him at Inverness Sheriff Court last year after he fell into arrears with the £7,000-a-month mortgage payments.