The Right to Acquire is a government funded scheme which allows some tenants to purchase their property at a discounted cost.
This is different to the Right to Buy scheme as the discount is set between £10,000 and £16,000 dependant on your local authority. Both the tenant and property have to qualify for this scheme.
Do I qualify?
You must meet the following criteria to potentially qualify:
- You have an assured tenancy
- The property must be your main and sole residency
- It must be a self contained property
- You have been in the property for a minimum of three years.
Does the property qualify?
· The property was built or purchased by the housing association after 31 March 1997 using social housing grant funded by either the local authority or the Housing Corporation (now Homes England)
· Or was transferred to the housing association from the council after 31 March 1997.
Next steps
If you think that you qualify for the Right to Acquire, please contact us.
We will carry out our initial checks to see if the property is a qualifying property. If we believe that this is the case, we will issue you with a form for you to complete and return with some supporting documents. Once we have received this we will advise on the next steps.
If you think you qualify you can also download the initial form from the Government website.
