2 bedroom apartment to rent

RENT TO BUY – 2 Bed Flat (must meet criteria) Please read below information. A rare and exciting opportunity to rent a property with the option to purchase in three years time! A modern two bedroom first floor Apartment located in a sought after area of Bognor Regis.

•2 Bed 4 Person Flat
•1st Floor
•£880.00pcm
•Gas Heating
•Passenger Lift
•Ensuite to Main Bedroom
•Bath over Shower
•Built in Electric Cooker & Hob
•1 Allocated Parking Space
•Flooring down in all rooms

Rent to Buy is exactly how it sounds. You rent the property for a period of time (for this property 3 years) and at the end you buy it. The rent on the property is set at 80% of the market rent (including service charge) allowing you to save money towards a deposit to buy the home you love.

Working households with at least one tenant in full time employment are eligible to take part in the Rent to Buy scheme.
You should not currently own a property, though we may consider you if you do but are unable to live in that home due to exceptional circumstance such as a relationship breakdown.
You have to be serious about buying a home in the future and committed to saving the 20% not being charged as rent towards a deposit. You will be asked to sign and Options Agreement confirming this.

Reference checks will be carried out on all applicants over the age of 18.
This will include:
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An Employment reference, confirming that as a household you earn at least four times the rental amount.
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A Landlord reference, confirming you have always paid your rent on time and looked after previous properties you have rented.
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A Credit reference, confirming you have an adequate credit score to be able to secure a mortgage at the end of the tenancy.
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A Right to Rent check, confirming you have a legal right to rent a property in the UK.
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Money Laundering/fraud prevention checks include a check of valid photographic and proof of address identification.
There will be no cost to you for the referencing checks.

Universal credits are accepted although applicants have to earn four times the monthly rent.

The service charge is payable to cover communal costs associated with your home such as road repairs etc. Whilst you are a tenant this is included in your monthly rental payment and you will continue to pay this when you buy your home. The service charge is reviewed on an annual basis and is payable by householders on the development.

Prior to signing your tenancy agreement and moving into your Rent to Buy home it is vital that you have taken the time to ensure you are fully aware of what you are entering into and have taken legal advice where appropriate. By signing this agreement you confirm that you have been given opportunity to read and review all of the following documents:
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A guide to Rent to Buy
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Rent to Buy – Frequently Asked Questions
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Your Tenancy Agreement