The Right to Buy (RTB) and Right to Acquire (RTA) are two schemes which give existing tenants the right to purchase their home at a discount. Both schemes have specific property and tenant eligibility criteria.

Right to Buy (RTB)

 Who is eligible?

 You may have the RTB if you were a tenant with Newcastle Borough Council prior to 1st February 2000 and have remained a tenant with Aspire Housing since this time.  If there have been any breaks in your tenancy since the 1st February 2000 then you may not be eligible.

You are not able to exercise the RTB if:

  • the courts have issued a possession order for you to leave your home
  • you are undergoing bankruptcy proceedings
  • you live in housing specially provided for older people and (in certain cases) disabled people

N.B. This is not an extensive list and other property exclusions may apply

 The discount offered to you is dependent on your tenancy length and maximum regional discounts set by the Government.

 Right to Acquire (RTA)

 Who is eligible?

 You may have the RTA if you:

  • are an assured tenant and have held a tenancy for a three year continuous period
  • live in a property that was built or acquired with public funds from 01 April 1997 onwards
  • live in a property that was transferred from a council to a housing association after 1st February 2000

You do not have the RTA if:

  • the courts have issued a possession order for you to leave your home
  • you are undergoing bankruptcy proceedings
  • you live in housing specially provided for older people or (in certain cases) disabled people
  • you have the Right to Buy
  • your property is located in certain rural parishes

N.B This is not a definite list and other property exclusions may apply

The discount to purchase your home under Right To Acquire is a fixed rate set by the Government which is not related to tenancy years.

How to apply

First of all contact us and will help to confirm which scheme you are eligible to exercise, the Right to Buy or Right to Acquire. We will discuss the application process with you and send out the relevant information pack which will include an application form.

Useful External Contacts

Directgov

www.direct.gov.uk

HomeBuyService.co.uk

http://www.homebuyservice.co.uk/homebuy-options/

 Citizens Advice Bureau

www.citizensadvice.org.uk