Abolition of the Right to Acquire
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The right of housing association tenants to acquire their home will end on 26th January 2019.
On the 24 January 2018 the Welsh Government issued a Bill of Abolishment of Right to Acquire in a graduated way: firstly, by restricting the rights of tenants to purchase any houses that are new to the social housing stock (came into effect 24 March 2018) and on 26 January 2019 abolishing those rights for all applicable stock completely.
If you are a tenant of North Wales Housing you might be able to purchase your home at a discount under the Right to Acquire Scheme. Buying your home could provide an investment for the future. It is likely to be one of the biggest financial decisions you’ll ever make, so you should take impartial financial and legal advice beforehand.
To be able to exercise your right to acquire you must:
- Be living in a North Wales Housing qualifying property
- Have a secure or assured tenancy
- Have been a public sector tenant for at least two years
Welsh Government has published an information guide to help explain what tenants need to know about the end of the Right to Acquire, and what they should do if they are thinking about applying to buy their home which can be found on the Welsh Governments website.
North Wales Housing will not be able to consider any Right to Acquire applications after 25th January 2019
If you would like further information about your right to acquire please email us at: [email protected] or contact us on 01492 572727.