Shared Ownership
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2 Bedroom Flat

Brooklands Square, Brooklands, Milton Keynes, MK10

£ 91,000

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new Shared Ownership home
  • Terrace
  • En suite
  • Open plan lounge/kitchen/diner
  • Parking
  • Good commuter links

 

Property Description:

Shared Ownership

This brand new home is available to buy from as little as £91,000 with a 35% share!

The apartments at The Square feature a range of stylish fixtures, fittings and colour schemes. As much thought has gone into establishing outdoor spaces as into perfecting the indoor ones.

You'll find everything you need for a healthy lifestyle and all-round feeling of well-being. More than 30,000 trees have been planted and ponds created to enhance the brooks the development took its name from. There are also plenty of open spaces, woodlands and wildlife to enjoy. You also benefit from having Brooklands Farm Primary School on your doorstep.

This gorgeous ground floor apartment come with a fantastic open plan lounge/kitchen/diner with access to a terrace, two bedrooms (master with en suite), a bathroom and one allocated parking space with further visitor bays on site.

PRICING & AFFORDABILITY

Full Market Value: £260,000

35% Share Price: £91,000 (rent £352.08pcm)
50% Share Price: £130,000 (rent £270.83pcm)
75% Share Price: £195,000 (rent £135.42pcm)

Minimum 5% Mortgage Deposit (35% share): £4,550

Approximate Service Charges: £TBC pcm*

ELIGIBILITY

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.

At The Square you can buy a minimum 35% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

' Your household income does not exceed £80,000
' You have a deposit of at least 5% of the share value
' You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
' This will be your only residence.
' You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

 

Call the Shared Ownership branch on 02380 820 121