About the right to acquire
The right to acquire is a government scheme that could let you buy your home at a discounted price. The scheme was introduced in 2002 and has helped thousands of people across the country become homeowners. There are a few rules that must be met to qualify for the right to acquire, but if you do, it can be an excellent way to get on the property ladder. If you're looking for an affordable home and are a housing association tenant, the right to acquire could be the perfect option for you.
Eligibility
You might be able to use the right to buy scheme if:
Your property was bought by Bromford after 1/4/1997 with some Government subsidy
The property you live in is not in a rural area (usually where there are fewer than 3000 properties)
You don't live in sheltered or other housing specifically for elderly or disabled people
You don't have any outstanding possession orders against you because you have breached terms of your tenancy agreement
Some properties which we developed after 2011 without government subsidy may also be eligible for Right to Acquire.
Discount available
The discount is a fixed amount depending on the local authority area you live in. The maximum discount is between £9,000 and £16,000 in England and is £8,000 in wales. The discount is deducted from the open market value of the property.
How to apply
- Download the Right to Acquire pack and application form.
- Send the completed forms to ehst@bromford.co.uk.
