Buying a property. Right to Buy and Right to Acquire. The Right to Buy scheme was introduced in 1980 to help council and housing association tenants in England buy their home at a discount. Since April 2012, major changes were made to Right to Buy. Maximum discounts increased from as little as £16,000 in some areas to a maximum of up to £.. Right to Buy (England) This scheme helps eligible council and housing association tenants in England to buy their home. The maximum right to buy discount is: £127,900 in London. £96,000 for the rest of England. If you sell within five years you'll have to pay back your total discount, or some of it, plus a share of any profit.
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What is right to acquire? A right to acquire works in much the same way as right to buy. The difference is that the housing association may offer the tenant an alternative property to the one in which they currently live. The discount may also be significantly less than with a right to buy property.. The Right to Buy scheme is a policy in the United Kingdom, with the exception of Scotland since 1 August 2016 and Wales from 26 January 2019, which gives secure tenants of councils and some housing associations the legal right to buy, at a large discount, the council house they are living in. There is also a Right to Acquire for assured tenants of housing association dwellings built with.
