Shared ownership at Brooklands Square, Milton Keynes, MK10 7EU

Brooklands Square

The Square, Milton Keynes, MK10 7EU

For salenew home
Shared ownership
Live from space album cover

Overview

Situated within a selection of modern apartments at the eagerly anticipated Brooklands, The Square, is this spacious 2 bedroom apartment. This particular apartment comes with the added bonus of an En-suite to the master bedroom plus its own private balcony (Plot specific on balcony location). For those who drive you also get allocated off street parking. If you choose one of the apartments in The Square, you’ll enjoy the buzz of urban living in your contemporary new home. In lively streets and landscaped public spaces, new shops including a Sainsbury’s Local, a large medical center, nursery and many more essential amenities are al...

Features

Off street parking

Wheelchair accessible

Bedrooms2
Bathrooms2
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

Register interest

from £70,000

with min. deposit £3,500

25% Share from
£70,000
Full market price
£280,000
Minimum deposit
£3,500
Monthly rent
TBD
Monthly service charge
£108
Annual ground rent
TBD
Reservation free
TBD
Administration free
TBD

Places for People Homes

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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