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Right to Acquire
Right to Acquire allows some customers to buy their home at a discount.
The Right to Acquire scheme does not apply in Scotland.
What is Right to Acquire?
Right to Acquire is a government scheme that offers some of our customers a simple solution to affordable home ownership by allowing them to buy the home that they currently rent at a discount.
Who is Right to Acquire for?
If you’ve had a public sector landlord (e.g. a council, or Home Group) for at least three years, you might be able to buy your home at a discounted rate through the Right to Acquire scheme.
How much is the Right to Acquire discount?
The Right to Acquire discount amount is set by the government. The discount varies between £9,000 and £16,000, depending on the location of the property. You can check the discount in your area here.
Check your Right to Acquire discount.
Who can buy the home they rent from Home Group through the Right to Aquire scheme?
If you’ve had a public sector tenancy for at least three years, you might be able to buy your property through the Right to Acquire scheme. Only certain properties are eligible though, so we’ll need to check if your property meets the criteria below when you enquire.
For us to sell a property through the Right to Acquire scheme it must have been either:
- Built or bought with the right type of funding after 31st March 1997
- Transferred to Home Group from a local council after 31st March 1997
The property must also be your only or main home and it must be self-contained.
Speak with our team
Want to buy the home you rent from Home Group but not sure what options are available to you? Complete the online form and our team will get back in touch.
Right to Acquire FAQs
Can I make a joint application for Right to Acquire?
If you’re eligible, you may be able to buy with someone who is on the tenancy agreement with you, your spouse or civil partner or up to three family members who have been living in your home for at least 12 months before you apply (they don’t need to share your tenancy but it must be their main home).
I don’t know how much my home is worth. How do I find out?
If you’re eligible, we’ll send you an application pack that gives you an estimated value for your property. If your application is approved, an independent qualified surveyor will visit your property to determine the current market value.
Will I need to pay back the discount if I sell my home?
It depends. If you sell your home less than five years after buying through the Right to Acquire scheme then you will need to repay some (or all) of your discount. But if you sell after those first five years then you won’t need to repay any of the discount.