Our Tenants: Right to Acquire

Sadeh Lok tenants may have the right to purchase their home at a discount under the Right to Acquire provisions introduced by the Housing Act 1996.

The following basic questions and answers will help to explain how the scheme operates:

How do I know if I qualify under the scheme?

• You must occupy self-contained rented accommodation.
• You must occupy under a secure or assured tenancy.
• You must have been a public sector tenant for at least two complete years.

How do I know if my home qualifies under the scheme?

• Your home must have been built using social housing grant.
• The social housing grant for your home must have been confirmed on or after 1 April 1997.
• Certain dwellings are exempt under the scheme including those designed for people with physical disability.
• Your home will not qualify if the loan debt is equal to or exceeds the current market value.

What price will I have to pay?

• Your home will be sold to you at the open market value less the approved discount.
• The value of your home will be assessed by an independent qualified valuation surveyor.
• The discount will be a fixed amount according to where the property is situated.

Potential applicants who want more information about the scheme are recommended to contact Sadeh Lok for guidance.