Right to Acquire is a Government scheme that allows housing association tenants to buy their home at a discount, if they have had a public sector landlord for 3 years.
A public sector landlord is either a council or a housing association.
The discounts for this scheme are fixed amounts published by the Government. Currently they range from £9,000 to £16,000. The size of the discount you will receive will depend on where you live.
To be eligible to buy your home, your property must have been
- built or bought by a housing association after 31 March 1997 (and funded through a social housing grant provided by the Housing Corporation or local council)
- transferred from a local council to a housing association after 31 March 1997
The home you want to buy must also be:
- a self-contained property
- your only or main home
Who isn’t eligible
You cannot use Right to Acquire if:
- you’re being made bankrupt
- a court has ordered you to leave your home