Rent to Buy allows eligible working households to rent a home at 80% of the market rent (equivalent to an Affordable Rent) for up to five years. This provides the opportunity to save for the deposit needed to buy the home.
After the initial five-year letting period we may continue offering the property as Rent to Buy, sell the home (giving the current customer a right of first refusal), convert the home to market rent or to another form of affordable rent. This decision will be at FCHO's discretion.
Rent to Buy homes will be advertised and subject to bids via MyMove Oldham. You will need to register or update an existing application prior to bidding.
Rent to Buy homes will be prioritised to those who:
If there are no eligible customers based on the above criteria, the Rent to Buy homes will then be extended to other customers so long as they have an annual household income of less that 60,000.
Rent to Buy homes will be advertised approximately four weeks before the home is due to complete to allow time for administration before occupation.
Each property will remain open for bids for a period of five working days.
Due to levels of interest in the Rent to Buy homes we cannot update each applicant on progress with their bids, therefore please keep logging into your MyMove account for updates.
FCHO will require two weeks rent payment upfront prior to collection of keys to a new home.
Please contact firstname.lastname@example.org
If you find you do not meet the Rent to Buy criteria, you may wish to find out more about alternative ways of getting onto the property ladder such as Shared Ownership. To find out more about Shared Ownership and the homes available, email email@example.com or call 0161 393 5239.