Buying Your Home
There are two government schemes that may allow you to buy your home, the Right to Buy and Right to Acquire.
Preserved Right to Buy
If you were a tenant of Telford and Wrekin Council before 25th March 1999, and you have remained a tenant of The Wrekin Housing Group, you may qualify for the Preserved Right to Buy. However, you don't need to have lived in the same property.
This scheme provides eligible tenants with the possibility of purchasing their property with a discount of up to 70%. The discount is based on how long you have been a tenant.
Further information on this scheme can be found on the Preserved Right to Buy Government website.
Right to Acquire
If you became a new tenant with the Group after the date of transfer from Telford & Wrekin Council on 25th March 1999, you may have the RTA. To qualify you must have spent three years as a public sector tenant of one of the qualifying landlords as listed in the Government’s booklet ‘Right to Acquire: Buying Your Housing Association Home’.
This scheme provides eligible tenants with the possibility of purchasing their property with a fixed discount by area. The discount is set by the government.
Further information on this scheme can be found on the Right to Acquire Government website.
Right to Buy and Right to Buy discounts
Following the recent 2024 budget announcements we have now received confirmation that the Preserved Right to Buy and Right to Buy discounts are changing.
The current discount provisions remain in place for any applications that are returned with ID by the 20 November.
Any applications after this date, will be subject to the new discount provisions.
The updated statute can be accessed here: The Housing (Right to Buy) (Limits on Discount) (England) Order 2024.
The Right to acquire scheme is not affected, and will remain the same as usual.