Right to Buy & Right to Acquire
Right to Buy
The Right to Buy scheme allows secure residents of local authorities and Registered Social Landlords to buy their home at a discounted price. The criteria that needs to be considered is: the tenancy must have started before January 1989 and the residents have to be secure or fair rent.
In order to proceed with a purchase of a property you will pay the full purchase price minus a discount that is taken up front. The discount will depend on the type of property in the local authority area and your time spent as a Housing Association resident.
If you think you have the ‘right to buy’ you will need to fill out the claim form RTB1, available from and returnable to your landlord. If you qualify your landlord will tell you how much you must pay less discount, and the terms and conditions of sale.
Right to Acquire
The Right to Acquire applies to our residents who have had a tenancy for at least 5 years and the we must have acquired the property after the 1st April 1997. The Right to Acquire does not apply to certain types of property and does not apply in designated rural areas.
You have the right to acquire if:
- You are an eligible Secure or Assured Tenant of a housing association, housing company or other social landlord registered with the Welsh Assembly Government.
- You live in a property which has been provided, or improved, with Social Housing Grant given by the Welsh Assembly Government or Local Authority after 1st April 1997.
- You have spent a total of two or more years as a tenant of a public sector landlord.
Applying for Right to Buy and Right to Acquire
To apply for either the Right to Buy or the Right to Acquire please print off the application form and once completed send to the Leasehold and Sales Team at our address 72 Ffordd William Morgan. St. Asaph Business Park St Asaph, Denbighshire, LL17 0JD.
You may find more details of how the Right to Acquire scheme works by downloading the attachment ‘A Guide for Tenants’.
Please note that the maximum discount you may receive is £8,000, as laid down by the Welsh Government.Tweet