First time buyers urged to act fast as 'help to buy' scheme homes are ending in Milton Keynes

A developer has warned that the government’s help to buy scheme is ending and only a handful of eligible homes are left on its MK developments.

By Sally Murrer
Monday, 11th July 2022, 1:09 pm
Updated Monday, 25th July 2022, 11:30 am

Barratt Homes has developments at Brooklands and Fairfields and they include apartments designed for first time buyers.

To benefit from the scheme homebuyers will need to reserve a new home and apply for the scheme by October 31 – and they must have moved in by March 31 2023.

The company’s sales director Alison Raine said: “With only a handful of properties benefitting from the scheme still available at our MK developments, we’re recommending house hunters to act fast.

Barratt homes at Brooklands

Fairfields currently has one and two bedroom apartments starting from £216,995, while Brooklands has one and two bedroom homes starting from £217,995.

With Help to Buy, first time buyers can purchase a home with a 5% deposit and a 75% mortgage. The remaining 20% is funded by an equity loan, repayable when the home is sold..

More information is here.