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Home Housing Housing Services Affordable Home Ownership in Tameside
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Affordable Home Ownership in Tameside


HouseTo enable the delivery of affordable housing in the borough the council works with several Housing Associations or Registered Providers via Tameside’s Register Provider Partnership. This means that affordable homes are being delivered in a balanced mix of tenures and types of housing, with the partnership enabling and monitoring their delivery.

Many of the new affordable homes built are classed as social housing, there are also other types of Affordable Home Ownership (AHO) being delivered across the borough.

The most common type is Shared Ownership, this is where the buyer purchases an initial share, normally 25-50% of the home, thorough a combination of deposit and mortgage, and then pays the rest as rent, at around 2.75% pa on the unowned equity. For example, if the property’s initial value were £200k, and a 50% share was bought, the rent would be £2,750 pa or £229 PCM, which compares favourably to mortgage finance currently. Additional blocks can also be bought by what is known as “stair-casing” until the proper is owned 100%.

Rent to Buy is the second most common affordable home ownership tenure, this allows a new build home to be rented at 80% of the market value for a 5-year period. This can allow the tenant to save up for a deposit so they can either buy their home outright or convert to Shared Ownership after the initial rented period.

In both tenures, when the properties are bought, either outright or additional equity, it is based on the market value at the time.

There are currently 134 affordable homes/new builds being delivered over the next year and these have either been secured by the Council as a developer contribution via planning obligations (Section 106), or site the Council has supported for Homes England grant funding.

Information on all AHO, on site or currently being marketed, can be found in the table below.
 
Scheme Location Tenure Houses Apartments
2 Bed 3 Bed 4 Bed Studio 1 Bed 2 Bed 3 Bed
Hollins Grange Hollingworth Shared Ownership   Tick Tick        
Rydal Walk Stalybridge Rent to Buy Tick Tick Tick        
St Anne's Place Audenshaw Shared Ownership   Tick       Tick  
Jam Factory Droylsden Shared Ownership           Tick  
Hartsmead Ashton-under-Lyne Shared Ownership   Tick          
Fell View Ashton-under-Lyne Rent to Buy       Tick Tick Tick Tick
Scheme Provider Marketing Link Completion
Hollins Grange Great Places Hollins Grange Spread from Autumn 2023 to Spring 2024
Rydal Walk Jigsaw TBC via Rightmove All due Spring 2024
St Anne's Place MSV St Anne's All due Autumn 2023
Jam Factory MSV TBC via Snugbug All due Autumn 2023
Hartsmead MSV Hartsmead All due Summer 2024
Fell View One Manchester Fell View All due Autumn 2023


For further information please contact: Mick Coogan, Housing Growth Project Manager at michael.coogan@tameside.gov.uk

Our partners include:
 
  • Arcon Housing Association
  • Great Places Housing Group
  • First Choice Homes Oldham
  • Jigsaw Homes Group
  • Jonnie Johnson Developments
  • Mosscare St Vincents
  • Irwell Valley Homes
  • Southway Housing Trust
  • Onward Homes
  • One Manchester
  • Ashton Pioneer Homes
  • Your Housing Group
  • Progress Housing Group
  • Regenda Homes
  • Trafford Housing Trust

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