2 bedroom apartment for sale
Beacon Place,, MK2 2EN
Share percentage 50%, full price £220,000, £5,500 Min Deposit.
Share percentage 50%, full price £220,000, £5,500 Min Deposit.
Monthly Cost: £979
Rent £303,
Service charge £63,
Mortgage £613*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
Final Units Remaining - Reserve Now To Avoid Missing Out
Description
Introducing Middleton Gardens – Your Gateway to Homeownership in Spring/Summer 2024!
Middleton Gardens presents an incredible chance to step onto the property ladder with Shared Ownership apartments nestled in the vibrant heart of Bletchley. Discover the allure of one and two-bedroom apartments located, just a stone's throw from Bletchley train station and a mere five-minute journey from the bustling Milton Keynes city center.
Property description
• Two Double Bedroom One and Two Bedroom Apartments
• High Specification Throughout
• Private Balconies
• One Allocated Parking Spaces
• Flooring throughout
• Integrated Appliances
The stylish modern apartments are due to be built and ready for buyers in spring/summer 2024. This is the perfect opportunity to put your name down to be one of the first to reserve at Middleton Gardens.
To note the advertised values are guide prices and final values will be released in the new year.
WHAT IS SHARED OWNERSHIP?
Shared Ownership is a government-backed scheme that has been around for more than 35 years and has helped over 200,000 people buy a home.
WHY BUY SHARED OWNERSHIP?
Shared Ownership is the perfect way to get on to the housing ladder if your finances mean that your housing needs and your current situation don’t quite match. Better still, it’s usually cheaper than renting.
HOW DOES IT WORK?
With Shared Ownership you buy a percentage of the home’s overall value. You can buy between a 25% and 75% share to start with, and you must always buy the maximum you can afford. You pay rent on the share you don’t buy. The rent increases annually, but is always subsidised and is worked out using a percentage of the value of the share you don’t own.
If you’re looking to buy with Shared Ownership you’ll need a mortgage in the same way you would if you were buying on the open market. Shared Ownership mortgages are available from most mortgage lenders, who will lend to you if you have a 5% deposit or greater. This means that you could buy your dream home, in your dream area, without needing a big deposit or big salary.
ARE YOU ELIGIBLE?
There are two things to think about when looking into Shared Ownership:
• You must earn less than £80,000.
• You must be a first-time buyer, or no longer have your name attached to a house (if you are selling your home at the moment, speak to your provider, they will be able to advise you).
An opportunity to be among the first to express your interest! Our dedicated team at Taylors, are eager to guide you through the exciting possibilities and help you take your initial strides towards homeownership. Shared Ownership opens doors to affordable and attainable home ownership – don't miss your chance to make Middleton Gardens your new home.
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £220,000, £5,500 Min Deposit. Calculated using a representative rate of 5.03%