Share Price £70,875 (from 35% Min. Share)

Full Value £202,500 | £3,544 Min. Deposit

Scheme: Shared Ownership

Under offer

L&Q at Wavendon Chase - 1 bed apartment in Milton Keynes - Milton Keynes

place Newport Road, MK17 8AB

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***ALL PLOTS ARE NOW RESERVED - NEXT RELEASE IN WINTER 2021***


Description

ALL PLOTS ARE NOW RESERVED - NEXT RELEASE IN WINTER 2021

Plot 55- 1bed apartment:

• Full purchase price: £202,500
• Minimum 35% share value: £70,875
• Minimum deposit: £3,544
• Rent pcm*: £302.00
• Service charge pcm*: £140.43
• Minimum household income required: £29,399

L&Q at Wavendon Chase forms part of a new community situated on the outskirts of Milton Keynes. This collection of 1 bedroom apartments and 2,3 & 4 bedroom houses are available exclusively through L&Q’s popular Shared Ownership scheme and are finished to a high specification throughout. What’s more, each of these homes come with allocated parking.

About the development

L&Q at Wavendon Chase forms part of the wider Glebe Farm development which in the future will include local amenities such as a primary school, secondary school and a health centre. Perfectly located on the edge of Milton Keynes, Wavendon Chase is close to the M1 and ideal for commuters or those who want to experience the best of both worlds; the countryside and the cosmopolitan city of Milton Keynes.

Unfamiliar with Shared Ownership?

With Shared Ownership you purchase a share of between 25%-75% of a home and pay subsidised monthly rent on the remaining share*. It’s a great opportunity for anyone who is unable to afford to purchase a home outright on the open market but still wants to step foot onto the property ladder.

Register your interest

Register your interest to be kept up to date with the latest information on floorplans, pricing and our launch event.

Please note all applicants are required to register with L&Q and Help to Buy South for Shared Ownership.

*Photography is of a unit at [Insert development name].Individual features such as windows, brick, other materials, heating and electrical layouts and internal positioning may vary and the unit has been “virtually furnished” and is for illustrative purposes only. Furniture is not included within any units. For further clarification, please speak with a Sales Associate.*Legal fee contribution up to a maximum of £1,000 and subject to use with recommended panel solicitors. Furniture pack only available on 1-bedroom apartments and only includes items set out in the inventory (which can be supplied by a Sales Associate). Incentives only available when a customer reserves and completes on the property. Cash not available instead of the incentives named. Shared Ownership terms and conditions apply. May 2021.


Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 70,875
Min. £70,875
Share percentage
Min. 35%
Your deposit
Min. £3,544
Monthly cost*
£791
Cost breakdown
£298
Rent
£140
Service charge
£353
Mortgage*
Calculated using a representative rate of 3.94%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.