Right to Buy or Acquire
Bernicia recognises the importance of helping tenants to make the right choices relating to exercising their Right to Buy (RTB) or Right to Acquire (RTA). Here's a guide if you're looking to buy or acquire your home.
Right to Buy guideThe Right to Buy (RTB) scheme enables tenants who hold Secure or Assured (with Preserved RTB only) tenancies to purchase their home at a discount.
You may have the Right to Buy if you hold a secure tenancy and have spent 3 years or more as a public sector tenant. The 3 years doesn’t have to be continuous, and you can add together any previous tenancies you have held with public sector landlords. A public sector landlord is a public body such as a council, housing association or government department.
You may not be able to buy your home if (list not exhaustive):
- You are an undischarged bankrupt or have a bankruptcy petition pending against you
- You have made an arrangement with creditors, and you still owe them money
- A court has made a possession order which says you must leave your home due to rent arrears for example
- You, your household or your visitors have committed anti-social behaviour
This has come at a really good time just when we needed it. The house is perfect with two bedrooms – we wouldn’t have been able to afford it without the shared ownership scheme.
This has come at a really good time just when we needed it. The house is perfect with two bedrooms – we wouldn’t have been able to afford it without the shared ownership scheme.