Right to acquire

Right to acquire is available to eligible Home Group customers and allows them to buy their current home at a discount.

What is Right to Acquire?

Right to Acquire offers some of our customers a simple solution to affordable home ownership. 

Who is Right to Acquire for?

If you’ve had a public sector landlord for at least three years, then you may be able to buy your home at a discounted rate under the government’s Right to Acquire scheme. 

How much is the Right to Acquire discount?

The discount is a fixed amount set by the government and can vary between £9,000 and £16,000, depending on your location.

To check your eligibility and discuss Right to Acquire with one of our knowledgeable and experienced advisors, email us on sharedownershipresales@homegroup.org.uk

 

Do you qualify for right to acquire?

  • You’ve had a public sector landlord (housing associations, councils, armed services and NHS trusts and foundation trusts) for at least three years
  • Your home was built or purchased with a social housing grant - or transferred from the local council - on or after 1st April 1997
  • Your home is your only residence
  • Your home is a self-contained property

FAQs: Right to Acquire

  • 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?

    • As part of the Right to Acquire process, a qualified surveyor will value your property and calculate a purchase price for you.

  • 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 Right to Acquire 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.