Right to Acquire

The Right to Acquire (RTA) gives eligible housing association tenants a statutory right to purchase the property in which they live at a discount, generally between £9,000 - £16,000 depending on the local authority area in which the property is located.

 

RTA only applies to properties built or acquired by housing associations (both charitable and non charitable) with public funds from 1 April 1997 onwards. (Properties transferred from a local authority to a housing association after 1 April 1997 are also eligible).

 

Some properties are exempt from RTA including those in small rural settlements and sheltered housing. If you are an existing housing association tenant, your landlord will be able to advise you whether your house qualifies for RTA.

 

The Housing Corporation provides grant to cover the discount offered to the purchaser.

 

More information is available at the Communities and Local Government website.