First Choice Homes Oldham 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.

  • ‘Rent to Buy’ homes are let to working households at below market rent to give them the opportunity to save for a deposit to buy their first home
  • The homes will be offered for a minimum of 5 years on ‘assured shorthold’ tenancies
  • Tenants must be working at the time of letting and must not have owned their own home previously
  • Rent to Buy homes are not subject to local authority nominations
  • If after the initial 5 years of letting the landlord wishes to sell the property the existing tenants have a right of first refusal to buy at the market value

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

Tenure Types

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

Rent to Buy and Shared Ownership Policy


RED WoLF project

Read more about how we have partnered with this pilot project to tackle housing emissions.

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