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RIGHT TO ACQUIRE
The Right to Acquire (RTA) was introduced in The Housing Act 1996 and gives eligible housing association tenants a statutory right to purchase the property in which they live at a discount. The discount varies between £9,000 - £16,000 depending on the local authority area in which the property is located. In Bradford, the applicable discount is £9,000.
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. The date when public fund was approved could also be taken into consideration in determining whether a property qualifies. For instance, if the public fund to build the property was approved before 1 April 1997, the property may not qualify, even if built after 1 April 1997.
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. If you are a tenant of Manningham Housing Association, simply contact our Tenancy Services Officer for more details.
To be eligible for the Right to Acquire scheme, a tenant must occupy a qualifying property, have spent a minimum period as a public sector tenant, and live in a self-contained flat or house which is their only home. The minimum period for those who were tenants before 18 January 2005 is two years. This was extended to five years for new tenants from 18 January 2005 by the Housing Act 2004.
For further details, contact your housing association. For related information about the right to acquire on this web site, please click here.
Further information on the RTA scheme is also available on the Housing Corporation's website: Right to Acquire
You may also wish to contact the Office of the Deputy Prime Minister, the government department dealing with housing policy. For further policy information
Manningham Housing Association, a specialist housing association providing accomodation for large families and diverse minority communities in Bradford and Keighley, West Yorkshire, promotes tenant involvement and regeneration of local communities in addition to providing development of new homes and services to meet the housing and support needs for the community.
Contact us for enquiries, search our available homes, view our site map or fill out an opinion survey today.
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