Share percentage 40%, full price £405,000, £8,100 Min Deposit.
Monthly Cost: £1,483
Rent £557,
Mortgage £926*
Calculated using a representative rate of 5.29%
Calculate estimated monthly costs
Summary
AVAILABLE NOW - THREE BEDROOM HOUSES AT THE WHITEHOUSE PARK DEVELOPMENT IN MILTON KEYNES
Description
Built by Bovis Homes and offered for Shared Ownership sale through Domovo, Whitehouse Park offers an exciting collection of three bedroom semi-detached houses in Milton Keynes, Buckinghamshire.
Whitehouse Park is set in an exclusive location with easy access to shops, restaurants, pubs and cafés in and around Milton Keynes. Life is connected at Whitehouse Park to Central London's parks, shopping, business districts and more, with direct trains to London Euston in just 32 minutes.
About the property
A three bedroom semi-detached house includes the following features:
- A high specification kitchen with built in oven, hob & cooker hood
- Flooring provided throughout
- Gas central heating
- Private Garden
- Two parking spaces
Initial shares available to purchase between 10%-75%* (*Your application will be affordability assessed to determine what share you can afford to buy).
Price shown is for a 40% share (Based on full market value of £405,000)
*CGI GUIDE ONLY
*Floor plan subject to change
*Service charge - TBC
Shared Ownership, how does it work?
If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. Initial shares of between 10% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share.
In the future you can purchase further shares in your home*** or sell your share and move on.
*Properties are offered as leasehold, with a lease term of up to 999 years.
** Shares offered are based on business need.
***Some properties are restricted to the level of share you can purchase.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanMap
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 40%, full price £405,000, £8,100 Min Deposit. Calculated using a representative rate of 5.29%
