First Choice Homes is currently building 2 and 3 bedroom homes locally.
The houses are proposed to be for ‘Rent to Buy’ which is a new tenure to help people onto the home ownership ladder.
If you want to register an interest now, you can complete this form. We will need to contact you and assess your eligibility when the properties are due for release to the market.
The completion of this form does not imply or guarantee an offer from First Choice Homes Oldham or a commitment to purchase from you. All applicants will need to be assessed in line with First Choice Homes Oldham's processes when the properties are marketed
We will be offering a range of home ownership options across our developments. Here's a short guide to the different options:
Rent to buy - The ‘Rent to Buy’ is the ideal scheme for those who aspire to own their own property, but may need some time to save up a deposit or experience living in your own home before you commit to purchasing. The scheme is a Government initiative that allows you to rent out a brand new or refurbished property at a discounted market rent (referred to as Intermediate Rent) with a view to purchasing the property within a set timescale.
Shared ownership - You buy a stake of between 25% and 75% of the property, using a deposit and a mortgage. You then pay rent on the remaining share, which is owned by the local housing association. The rent you pay can be up to 3% of the association's share of the property's value.
Outright sale – You purchase the property outright and will own 100% of that property