House hunters in Milton Keynes are being offered an opportunity to snap up a new home for less with Taylor Wimpey.

  • By

  • The Government's Help to Buy shared equity scheme is available at the house builder's Oakbrook development in Newton Leys.

    Under this incentive, the Government provides eligible purchasers with a 20 per cent loan to help them secure new build homes priced up to £600,000. Help to Buy shared equity is available to both first time buyers and existing homeowners, and there is no salary cap for customers taking advantage of the scheme.

    At Oakbrook, a two bedroom Acorns apartment, for example, can be purchased through Help to Buy for 80 per cent of its full £149,950 price - that's just £119,960, including a 5 per cent deposit of only £7,498.

    Christine Scarborough, regional sales and marketing director for Taylor Wimpey, said: "The Help to Buy scheme will make a huge difference to a range of would-be Milton Keynes homebuyers who can afford the monthly mortgage repayments on a new property, but not the hefty deposit.

    "We've been receiving a great deal of interest in this exciting initiative since its launch at the beginning of April, so anyone hoping to secure their ideal new home for 80 per cent of its full price at Oakbrook should contact us without delay."

    Two bedroom apartments are priced from just £149,950 at Oakbrook (from £119,960 under Help to Buy), while three bedroom houses are available from only £235,000 (80 per cent Help to Buy prices from £188,000).

    All new homes at the development are completed to a high standard specification, including energy efficient central heating, double glazing and a fitted kitchen with integrated oven, hob and hood.

    As an alternative to Help to Buy shared equity, the Government-backed NewBuy scheme is also available at Oakbrook, offering credit-worthy purchasers the opportunity to secure their ideal home with a 95 per cent mortgage and a 5 per cent deposit. 

    Oakbrook lies just to the east of the village of Newton Longville and is just a few miles from the centre of Milton Keynes, which has more than 230 shops, cafes, restaurants and an outdoor market.

    The town's wide selection of leisure and entertainment facilities is also close by, including the National Bowl and Milton Keynes Theatre District, StadiumMK and the Xscape dome, which features an indoor ski slope, a skydiving simulator, a rockclimbing wall, a multiplex cinema, bowling alleys and a health and fitness centre.

    For commuters, the A5 and the M1 are just a few minutes' drive from the development, while those travelling further afield will appreciate that Luton Airport is only 25 miles away. Services from Bletchley railway station to Euston put central London about an hour away by train.

    Some information contained herein may have changed since it was first published. SmartNewHomes strongly advises you to seek current legal and/or financial advice from a qualified professional. 

    * DISQUS *
    comments powered by Disqus