L&Q at Willow Grove

2 - 3 bedroom homes in Southern Cross, Bedford, Bedford, MK42 6AW

Tenure Shared ownership
What is Shared Ownership?
Availability Coming soon
Min share price from £100,000 for 40% share
Full price from £250,000
Min deposit from £10,000
Monthly rent from £344
Service charge from £36
Bedrooms 2-3
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

LAUNCHING SATURDAY 16th NOVEMBER 2019. L&Q are excited to announce that Willow Grove will be holding a launch event on the 16th & 17th November 2019!

Join us at our Willow Grove Marketing Suite, Southern Cross Wixams, to learn more about the L&Q homes on offer. We've got a great range of 2- and 3-bedroom shared ownership houses all with a high-quality specification, spacious interiors and great outdoor space. Register your interest today and we will be in touch again soon with details of how to book an appointment!

Perfect for first time buyers and young families, these homes are finished to a great specification throughout with contemporary new kitchens and bathrooms and have two allocated parking spaces with every home.

Prices for these brand new homes will start at £100,000 for a 40% share for two bedroom houses and £122,000 for a 40% share for three bedroom houses.

  • Thoughtfully designed homes
  • Allocated parking
  • Green open-spaces surrond the development

*CGI is representative of L&Q development(s). Images depict typical L&Q show homes.*

Local area information

The development is perfectly located close to a variety of transport links:

  • Bedford Train Station is only a mile and commuters can reach London St Pancras in just 38 minutes*.
  • Easy access to the A6, A421 and M1, which all lead to the major road networks

Additionally, there are plenty of local amenities located nearby to keep residents entertained, including The Harpur Shopping Centre, Priory Country Park and an array of enjoyable restaurants and bars.

Status Plot No. Floor Beds Min share price Eligibility
Available 2 bedroom house 2 2 £100,000 View details
Available 3 bedroom house narrow 2 3 £122,000 View details
Coming soon 3 bedroom house wide 2 3 £124,000 View details

FAQ's

Min share price from: £100,000 for a 40% share
Full price from: £250,000
Minimum deposit from: £10,000
Monthly rent from: £344
Bedrooms: 2
Bathrooms: 2

There are 3 available ranging from £100,000 for a 40% share to £124,000 for a 40% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

L&Q at Willow Grove

2 - 3 bedroom homes in Southern Cross, Bedford, Bedford, MK42 6AW

Tenure Shared ownership
What is Shared Ownership?
Availability Coming soon
Min share price from £100,000 for 40% share
Full price from £250,000
Min deposit from £10,000
Monthly rent from £344
Service charge from £36
Bedrooms 2-3
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes