You can get a discount on the market value of your home when you buy it if you qualify for Right to Buy.
The maximum discount is £75,000 across England, except in London boroughs where it’s £100,000.
The discount is based on:
- how long you’ve been a tenant with a public sector landlord
- the type of property you’re buying - a flat or house
- the value of your home
If you’re buying with someone else, you count the years of whoever’s been a public sector tenant the longest.
You’ll usually have to repay some or all your discount if you sell your home within 5 years.
You might get a smaller discount if you’ve used Right to Buy in the past.
You could get a bigger discount if new rules come into force in April 2014.
Working out the discount
Use the Right to Buy calculator to find out how much discount you could get.
There are different discount levels for houses and flats.
You get a 35% discount if you’ve been a public sector tenant for 5 years. The discount goes up by 1% for every extra year you’ve been a public sector tenant, up to a maximum of 60% – or £75,000 across England and £100,000 in London boroughs (whichever is lower).
You get a 50% discount if you’ve been a public sector tenant for 5 years. The discount goes up by 2% for every extra year you’ve been a public sector tenant, up to a maximum of 70% – or £75,000 across England and £100,000 in London boroughs (whichever is lower).
If your landlord has spent money on your home
Your discount will be less if your landlord has spent money building or maintaining your home:
- in the last 10 years - if your landlord built or acquired your home before 2 April 2012
- in the last 15 years - if you’re buying your home through Preserved Right to Buy, or if your landlord acquired your home after 2 April 2012
You won’t get any discount if your landlord has spent more money than your home is now worth.
If you can’t afford to buy your home through Right to Buy, you may still be able to buy a share of it through Social HomeBuy.