Right to Buy and Right to Acquire

Preserved Right to Buy

If you have a Protected Assured Tenancy, you may be eligible under the Right to Buy scheme to purchase your current home. You will receive a discount off the market value, based on your length of tenancy, up to a maximum of £34,000. Some properties, such as sheltered housing, bungalows and homes designated for older people, are not available to buy.

Right to Acquire

If you are a tenant and have held an Assured Tenancy for two or more years, you can apply to buy your current home through Right to Acquire. If your tenancy started after 18 January 2005, you will have to wait five years before you can apply. You will receive a discount off the market value of £13,500. Some properties such as sheltered housing, bungalows and homes designated for older people, and properties in rural areas, are not available to purchase.

Time limits

We will normally tell you the sale price within three months of receiving your application, although it may take longer for an apartment. Once you have been told the sale price you have three months to complete the purchase.