Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.
£88,000 for a 40% share
Open Market Value: £275,000
From £448 per calendar month
Service Charge: £119.67
Shared Ownership Resale
Available on shared ownership 1
Flat 10 Tangmere Court , Rustington
Two-bedroom flat with no adjoined walls except bathroom meaning it is quiet. Energy performance rated B. Rustington village shops 0.4 miles away with excellent selection of shops, cafes, bars, and restaurants. The flat is located 1 road from the beach. New boiler installed in 2022, with full service record. Large patio doors in living room which means the living floods with light during the day Allocated parking space in resident car park Sky television port in living room which can be used for Sky TV or Freesat As this property is a flat, please note that as a result of building safety regulations, some lenders are requiring certain properties to have a completed EWS1 form. An EWS1 (External Wall System) form provides independent assurance that your building meets the requirements of the Government's latest standards. Unfortunately, we have seen that some lenders may still wish to request this information even though it is not a legal requirement. Stonewater do not have an EWS1 in place for all buildings and should a mortgage lender require this, any purchase may be impacted. If an EWS1 is requested, whether one is required or not, Stonewater are committed to providing as much information as possible to satisfy a lenders request for an EWS1. We suggest you speak with a financial advisor before proceeding. Further information about EWS1 and Stonewater’s position can be found at https://stonewaterhomes.co.uk/government-guidance-changes-for-EWS1
Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.
Seller Name: Mr Simon Stuart
Seller Contact Details: simon10pq@gmail.com and 07850085269
As a shared ownership home, you will need to be eligible for Shared Ownership.
As a reminder, to be eligible for shared ownership you will need to evidence:
• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs
Please take note of the minimum income, (£43,349) which is based on the minimum deposit (£8,000) for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.
If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.
Please let us know if you need any further information and good luck with your viewing.
Kind regards
Interested in buying a shared ownership home? Follow our simple three step guide Find out more about shared ownership
What is shared ownership? Your questions answered Find out about shared ownership
Cookies help us improve your Stonewater Homes online experience. If you accept their use, continue using our site or, find out more about cookies
Customer login
