Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Saxon Reach, 1-4 bed homes


Chevry Close, Milton Keynes, Milton Keynes, MK17 8LZ

Shared ownership

Starting prices

40% share from
£80,000
Full price
£200,000
Minimum deposit
£4,000
Monthly rent
£275
Monthly service charge
£137

Overview

From Monday 23 March we will be closing our sales and marketing suites. Our Sales Team are still on hand and will be conducting all appointments via phone, email and where possible by virtual tour. We are taking these extra precautions to ensure the health and wellbeing of our customers, staff and members of the public.*

***Now available! A small collection of stylish 1 bedroom apartments at Saxon Reach. Prices from £80,000 for a 40% share. Full purchase price of £200,000. Book your virtual appointment today!***

A collection of Shared Ownership homes at Saxon Reach, a brand new development on the outskirts of Milton Keynes.

Saxon Reach will offer a contemporary collection of 1 & 2 bedroom apartments and 2, 3 and 4 bedroom houses. Available through L&Q’s popular Shared Ownership scheme, these homes will come with allocated parking spaces and be finished to a high specification throughout.

Key features of these homes include:

-Thoughtfully designed kitchens with fully- integrated appliances

-Master bedrooms with built-in sliding wardrobes

-Private outdoor space with a majority of homes in the form of a balcony or a garden

-Allocated parking spaces

In addition to these key features, all homes at Saxon Reach are compliant with national space standards meaning the homes are larger than an average new build home and there is more living space to enjoy.

Saxon Reach forms part of the wider Glebe Farm development by L&Q Estates 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, Saxon Reach 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.

Coronavirus – An update from us

We’re following the latest government advice on the coronavirus situation and are taking extra precautions to ensure the health and wellbeing of our customers, colleagues and members of the public. For information on the measures we are taking, please visit our website.

*Images represent local area images and show home photography of other L&Q developments. Computer generated images are for illustrative purposes only.


Local area information

Close to the M1 and a short drive to Milton Keynes Central Station, Saxon Reach is perfectly situated for commuters. However, the development maintains its rural feel and the nearest cosy country pub – The Wavendon Arms – is a short walk away.  If you prefer a more cosmopolitan lifestyle, Milton Keynes is close by and boasts shopping centres, restaurants and bars.


Plot availability

Plot number The Canterbury
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £80,000
Full market price £200,000
Monthly rent £275
Monthly service charge £137
Ownership Leasehold

The Canterbury

The Canterbury is a stylish one bedroom apartment at Saxon Reach, exclusively available through the L&Q Shared Ownership scheme. Perfect for first time buyers, The Canterbury is a generously sized apartment with a light and airy open plan living area. Selected Canterbury apartments also have private outdoor space in the form of a balcony.

The specification of this home is of a high standard and includes the very best as standard. The kitchen features a thoughtfully designed layout with well-crafted cabinetry and is inclusive of the following integrated appliances at no additional cost; washer/dryer, oven, induction hob, fridge/freezer and dishwasher. Bathrooms are inclusive of white goods and throughout the whole apartment there is high- quality flooring at no additional cost.

About the development

Saxon Reach forms part of the wider Glebe Farm development by L&Q Estates 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, Saxon Reach 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.

*Images represent local area images and show home photography of other L&Q developments. Computer generated images are for illustrative purposes only.

Plot number The Canterbury
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 40%
Minimum share price £82,000
Full market price £205,000
Monthly rent £282
Monthly service charge £137
Ownership Leasehold

The Canterbury

The Canterbury is a stylish one bedroom apartment at Saxon Reach, exclusively available through the L&Q Shared Ownership scheme. Perfect for first time buyers, The Canterbury is a generously sized apartment with a light and airy open plan living area. Selected Canterbury apartments also have private outdoor space in the form of a balcony.

The specification of this home is of a high standard and includes the very best as standard. The kitchen features a thoughtfully designed layout with well-crafted cabinetry and is inclusive of the following integrated appliances at no additional cost; washer/dryer, oven, induction hob, fridge/freezer and dishwasher. Bathrooms are inclusive of white goods and throughout the whole apartment there is high- quality flooring at no additional cost.

About the development

Saxon Reach forms part of the wider Glebe Farm development by L&Q Estates 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, Saxon Reach 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.

*Images represent local area images and show home photography of other L&Q developments. Computer generated images are for illustrative purposes only.

Plot number The Dartmouth
Tenure Shared ownership
Availability Available
Bathrooms 3
Minimum share 25%
Minimum share price £119,999
Full market price £479,995
Monthly rent £825
Monthly service charge £42
Ownership Leasehold

FAQ's

Min share price from: £80,000 for a 40% share
Full price from: £200,000
Minimum deposit from: £4,000
Monthly rent from: £275
Bedrooms: 1
Bathrooms: 1

There are 3 available ranging from £80,000 for a 40% share to £119,999 for a 25% 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.

Housing Provider

L&Q (Counties)
Shared ownership

Starting prices

40% share from
£80,000
Full price
£200,000
Minimum deposit
£4,000
Monthly rent
£275
Monthly service charge
£137