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)

Silverstone Leys, 2-3 bed homes


Towcester Road, Milton Keynes, South Northamptonshire, NN12 8UB

Shared ownership

Starting prices

50% share from
£133,000
Full price
£266,000
Minimum deposit
£6,650
Monthly rent
£305
Monthly service charge
£13

Overview

Silverstone Leys, Silverstone, is made up of 2-3 bedroom homes now available through part buy-part rent. 


Local area information

In the pretty Northamptonshire village of Silverstone, Silverstone Leys is an attractive new development ideally placed for convenient access to both the M1 and M40 motorways.

This vibrant village is famous for the British Grand Prix Circuit that's just under two miles away beyond the A43. The village has a good selection of primary schools, village shops, social and leisure clubs. There are further amenities including Waitrose, Tesco and Co-op supermarkets, shops and leisure facilities just four miles away in Towcester.

Silverstone Leys offers a wide choice of brand new homes, each carefully designed to meet the needs of today's lifestyles.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots, please speak to a sales advisor for more information**


Plot availability

Plot number Hawthorn
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £133,000
Full market price £266,000
Monthly rent £305
Monthly service charge £13
Ownership Leasehold

This 2 bed home benefits from an open plan kitchen/dining/living area, downstairs cloakroom and built-in storage to the ground floor. Upstairs is complete with the master bedroom with built-in storage, a further second bedroom and the family bathroom.

Features:

  • Hotpoint hob/built-in single oven/glass splashback/glass chimney hood
  • Ideal Standard contemporary white sanitaryware
  • Combined USB/double sockets to the kitchen and master bedroom
  • Gas central heating
  • Mains wired smoke detectors with battery back up
  • Landscaped front gardens

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots, please speak to a sales advisor for more information**
 


FAQ's

Min share price from: £133,000 for a 50% share
Full price from: £266,000
Minimum deposit from: £6,650
Monthly rent from: £305
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £133,000 for a 50% 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

Heylo Housing
Shared ownership

Starting prices

50% share from
£133,000
Full price
£266,000
Minimum deposit
£6,650
Monthly rent
£305
Monthly service charge
£13