This scheme provides new opportunities for existing housing association or local authority tenants to buy a share in their rented home.

Tenants can purchase a minimum initial share of 25 per cent of the home. The remaining unowned equity will be retained by your landlord. Your landlord will then charge you an affordable rent on this unowned equity. The target average for the charge is 2.75%.

Buyers will receive a discount on the initial share purchase. This will be the Right to Acquire discount (generally between £9,000 and £16,000 - depending upon the local authority area in which the property is located), pro-rata to the share purchased.

Please contact your housing association or local authority landlord for further details.

Your home is at risk if you do not keep up rent and mortgage payments
Please note that the value of properties can go down as well as up