Below are indicative examples. The amount you take as a share can vary and rates can vary by length of term and levels of deposit. We recommend seeking the advice of a mortgage broker to get a complete overview.

One-bedroom apartments valued at £205,000

Apartment 7SO / Apartment 3SO/4SO

25% share, 5% deposit

  • Purchase Price £205,000
  • 25% £51,250
  • 5% deposit of share = £2,563
  • Mortgage = £48,687
  • Length of mortgage term: 35 years
  • 2 year Fixed
  • Lender: Newbury Building Society
  • Monthly payment - £206.61
  • Initial Interest rate - 3.69%
  • Initial number of months on the borrowing rate - 28
  • SVR payment – £213.73
  • SVR rate – 3.95%
  • Number of months on the SVR - 392
  • APRC – 4%
  • Fees – None
  • Total amount payable (including fees) over the term of the mortgage – £89,568.47
  • Annual Service Charge c. £1160 (still in negotiations for £ and pence)
  • Monthly Rent - £320.31

75% share, 5% deposit

  • Purchase Price £205,000
  • 75% £153,750
  • 5% deposit of share = £7,688
  • Mortgage = £146,062
  • Length of mortgage term: 35 years
  • 2 year Fixed
  • Lender: Newbury Building Society
  • Monthly payment - £619.85
  • Initial Interest rate - 3.69%
  • Initial number of months on the borrowing rate - 28
  • SVR payment – £641.20
  • SVR rate – 3.95%
  • Number of months on the SVR - 392
  • APRC – 4%
  • Fees – None
  • Total amount payable (including fees) over the term of the mortgage – £268,707.25
  • Annual Service Charge c. £1160 (still in negotiations for £ and pence)
  • Monthly Rent - £106.77
Two-bedroom apartments valued at £265,000

Apartment 2SO/5SO / Apartment 1SO/6SO / Apartment 8SO/13SO / Apartment 21SO

25% share, 5% deposit

  • Purchase Price £265,000
  • 25% £66,250
  • 5% deposit of share = £3,313
  • Mortgage = £62,938
  • Length of mortgage term: 35 years
  • 2 year Fixed
  • Lender: Bath Building Society
  • Monthly payment - £263.41
  • Initial Interest rate - 3.59%
  • Initial number of months on the borrowing rate - 24
  • SVR payment – £563.58
  • SVR rate – 4.9%
  • Number of months on the SVR - 396
  • APRC – 4.8%
  • Fees – Booking Fee £125, Valuation Fee £340
  • Total amount payable (including fees) over the term of the mortgage – £129,629.63
  • Annual Service Charge c. £1320 (still in negotiations for £ and pence)
  • Monthly Rent - £414.06

 75% share, 5% deposit

  • Purchase Price £265,000
  • 75% £198,750
  • 5% deposit of share = £9,938
  • Mortgage = £188,812
  • Length of mortgage term: 35 years
  • 2 year Fixed
  • Lender: Bath Building Society
  • Monthly payment - £790.22
  • Initial Interest rate - 3.59%
  • Initial number of months on the borrowing rate - 24
  • SVR payment – £934.16
  • SVR rate – 4.9%
  • Number of months on the SVR - 396
  • APRC – 4.8%
  • Fees – Booking Fee £125, Valuation Fee £340
  • Total amount payable (including fees) over the term of the mortgage – £388,890.94
  • Annual Service Charge c. £1320 (still in negotiations for £ and pence)
  • Monthly Rent - £138.02

Terms and Conditions: Dependent on income, circumstances and rates. Based on a monthly commitment with a mortgage. Applicable on featured properties at Brooklands Square. Information correct as of 09/09/2021. Indicative costs - rates are subject to change. All loans are subject to credit approval and can vary upon credit score and loan to value. Your home may be repossessed if you do not keep up repayments on your mortgage. For illustration purposes only.

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Brooklands Square
2 Brooklands Square,
Milton Keynes
MK10 7NP

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Email: sales@brooklandsmk.co.uk

Opening times: Thursday - Monday, 10am - 5pm.

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