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Right To Acquire
Unlock homeownership opportunities. Right to acquire: Your path to property ownership.
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The right to acquire scheme is designed to provide housing association tenants with the opportunity to own their homes and enjoy the financial benefits of homeownership.
However, it’s important to carefully consider the financial implications and responsibilities that come with property ownership before proceeding with a right to acquire mortgage.
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Understanding the benefits of a Right to Acquire mortgage
A Right to Acquire mortgage offers a unique pathway into homeownership for housing association tenants who may not have been able to buy on the open market. Because the scheme includes a set government-backed discount, buyers often find that the purchase becomes far more affordable than buying a similar property at full market value. This discount helps reduce the size of the mortgage required, meaning lower monthly repayments and more manageable borrowing over the long term.
Another key benefit is financial stability. Transitioning from renting to owning gives you full control over your home, allowing you to invest in improvements, personalise the property, and build equity over time. For many tenants, the Right to Acquire scheme offers a rare opportunity to step onto the property ladder in a way that aligns with their budget and long-term goals.
What to consider before applying
Before moving forward with a Right to Acquire mortgage, it’s important to carefully assess your financial position and long-term plans. Although the scheme provides an attractive discount, you’ll still need to account for legal fees, ongoing maintenance costs, and the general responsibilities that come with homeownership. Unlike renting, you won’t have a landlord to rely on for repairs, upgrades, or building issues.
It’s also essential to understand your housing association’s rules around eligibility, as requirements can differ depending on the provider and property. Lenders will conduct affordability checks to ensure that your income, credit profile, and financial commitments support the mortgage you’re applying for. Taking the time to evaluate these factors will help ensure the Right to Acquire is the right move for both your lifestyle and finances.
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Contact our friendly mortgage advice team today. Sound mortgage advice from the experts at GoMortgage.
Author: Chris Days - Gomortgage
- 5 Mins
- Updated: Nov 17th 2025
Frequently Asked Questions
How much discount can I get under the Right to Acquire scheme?
The discount is typically £9,000 to £16,000, depending on the property’s location. The exact amount is set by the government and cannot be negotiated.
Can I apply for a Right to Acquire mortgage with bad credit?
It’s possible, but it depends on the lender. Some lenders accept lower credit scores, while others require a clean credit history. A specialist broker can help identify suitable options.
Do I need a deposit if I’m getting a discount?
Yes – most lenders still require a minimum 5% deposit, although the discount can help reduce the total loan amount, making the deposit more manageable.
Can I sell the property after purchasing it?
You can, but there may be restrictions. If you sell within a certain number of years (usually 5), you may need to repay some or all of the discount to the housing association.
What costs should I expect when buying under the Right to Acquire?
You will need to budget for solicitor fees, a mortgage valuation, potential survey costs, moving expenses, and ongoing maintenance once you become the homeowner.
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Speak With A Mortgage Advisor today
Contact our friendly mortgage advice team today. Sound mortgage advice from the experts at GoMortgage.
