Right to Acquire
Am I eligible?
You might be able to buy 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 Aquire.
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.
Can I afford to buy my home?
- You will need to pay for solicitors' costs, survey costs and a mortgage arrangement fee
- You may need a mortgage
- You will be responsible for the cost of all repairs to the property
- You will be responsible for service charges for maintaining any communal/ shared areas
- You will be responsible for paying buildings insurance
We strongly recommend you look at property prices in your area and the mortgage amount you are likely to need before applying to buy your home.
How do I apply
More information about the Right to Acquire can be found at gov.uk/right-to-acquire-buying-housing-association-home.