Under the the Right to Buy scheme you can buy your home at a price lower than the full market value. This is because the length of time you have spent as a tenant entitles you to a discount.
How is the Right to Buy discount worked out?
The level of discount you’ll get on your Right to Buy council house is based on:
- How long you’ve been a tenant with a public sector landlord
- The type of property you’re buying (whether it’s a flat or a house)
- The value of your home
And the following discount levels will apply:
- If you’ve been a public sector tenant in England for between 3 to 5 years you’ll get a 35% discount for a house and 50% discount for a flat.
- While for 6 years plus, add 1% per year for houses (up to 70% or the cash maximum – whichever
This policy sets out the eligibility criteria and discounts for those wishing to exercise the Right to Buy.
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