Get Advice Now!
Speak to one of our Expert Advisors today!
Don't Leave Yet
We want to help YOU make your home your OWN!!!
The maximum discount in London Boroughs is currently £103’900 and £77’900 in the rest of England.
There is no discount available for new applications in Scotland, £16’000 of discount available in Wales and £26’000 in Northern Ireland.
Qualification is now three years.
Your Right to Buy discount depends on the type of property you are buying and how long you have been a council tenant.
If you live in a house and have been a council tenant for at least three years, you can benefit from a 35% Right to Buy discount. After five years, this discount increases by 1% each year, up to a maximum discount of 70% of the purchase price.
Buyers who live in a flat get an initial discount of 50% after three years, which increases by 2% each year after five years. As with houses, the maximum discount for people buying their council flat is 70% of the purchase price.
Maximum percentage discount is achieved after 15 years of secured tenancy if you currently live in a flat and 40 years if you currently live in a house.
‘Pay to Stay’ legislation is imminent where tenants who earn over £40’000 jointly in London Boroughs and £30’000 elsewhere will have to pay a market to retain their secured tenancy.
Housing Association tenants will soon qualify for the Right to Buy scheme.
Speak To An Advisor