Open Market Acquisition Scheme and Buy Back Initiative

There are two ways we would consider buying a house through the open market:

  • Open Market Acquisition Scheme 
  • Buy Back Initiative

Both of these are designed to help increase the amount of affordable housing in Angus.

Do not contact us to enquire about the purchase of your home. If your property is on the market and it meets our requirements we will contact you via your selling agent.

If you are struggling to meet your mortgage payments, there are a number of agencies that provide free advice and assistance which you may find useful, including:

Open Market Acquisition Scheme (OMA)

The OMA scheme only applies to properties which are being actively marketed in Angus and we will only look to buy properties which meet our specific requirements in terms of location, size and type.

The guiding principles of the scheme are:

  • we will only consider purchasing properties which meet our criteria:
    • the property meets identified requirements including the type, size, quality and location
    • the property is being actively marketed for sale
    • the seller has a valid Home Report
    • the seller is responsible for arranging their permanent re-housing. The seller must have made their own arrangements for permanent rehousing before we will purchase their property as part of this scheme
  • the council will utilise grant funding from the Scottish Governments Affordable Housing Supply Programme.
  • properties must be of standard construction.
  • viewings will be undertaken by and recommendations made by council officers

Buy Back Initiative

Buying back properties previously sold under Right to Buy will help increase the amount of affordable housing in the Angus area. Buying properties in blocks where we have the majority share will be funded by selling properties in blocks where we are a minority owner.

We will only consider purchasing properties which meet the following conditions:

  • the property is a former council property and brings us back into majority ownership in that block
  • the seller is responsible for arranging their permanent re-housing. The seller must have made their own arrangements for permanent rehousing before we will purchase their property as part of this scheme

We will also consider:

Properties will be identified through online advertising and information from estate agents.

For properties that are not currently advertised for sale, an officer may make contact with the current owner to discuss if they would consider selling. The seller will be responsible for their own legal fees.

We will not make an offer on every property viewed. Any offer made will be informed by the Home Report and any improvement works we may require to carry out.