Right to Buy, Right to Acquire and Social HomeBuy

Many people are finding it increasingly difficult to buy a home of their own. Aragon Housing Association, with its parent company Grand Union Housing Group (GUHG), offer various low cost home ownership schemes designed to help people get onto the housing ladder. These include:

• Shared Ownership
• Shared Ownership re-sales
• Preserved Right to Buy
• Right to Acquire
• Social HomeBuy.

Preserved Right To Buy

Preserved Right to Buy is the opportunity for eligible tenants to purchase the home they are living in, at a discounted price.

Preserved Right to Buy only applies to those tenants who transferred from Mid Bedfordshire District Council (now Central Bedfordshire) to Aragon Housing Association on the 3 October 1994 (west of the district), 5 November 2001 (east of the district). Those tenants may have what is known as a ‘Preserved Right to Buy’ (subject to specific eligibility criteria).

Tenants who have joined Aragon  since these dates do not have Preserved Right to Buy but may have a Right to Acquire. 

Right To Acquire

Similarly to Preserved Right to Buy, Right to Acquire is the opportunity for eligible housing association tenants to purchase the home they are renting, at a discounted price.

 As with Preserved Right to Buy, eligibility for the scheme is subject to certain criteria, relating to the property and to the length of your tenancy.

Social HomeBuy

Social HomeBuy will enable some of our tenants to buy their current home either outright or on a shared ownership basis, with the benefit of a small discount. This is similar to Preserved Right to Buy and Right to Acquire in that you buy the property you are currently living in. The minimum purchase share will be 30%, with a rent payable to us for the remaining share.

 As with Preserved Right to Buy and Right to Acquire, eligibility for the scheme is subject to certain criteria relating to the property and to the length of your tenancy. 

How to apply

Grand Union Housing Group Low Cost Home Ownership schemes are specifically designed to help you buy your own home if you are renting a home from one of the members of the group. Please contact us to find out more and to request the relevant application form. 

For re-sales, Preserved Right to Buy, Right to Acquire and Social HomeBuy enquiries, please contact us on 01525 844401.