Right to Buy - discount rules
How much discount am I entitled to?
Your discount depends on the number of years you have been a
council tenant and on the valuation of your property. This may
include time spent in different homes and/or with different
landlords. If you lived with your parents after the age of
sixteen and later became a tenant of the same home, you may be able
to include that time as well.
If you are buying jointly with someone who has a longer qualifying
period than yours, you will be entitled to their higher rate of
discount but you cannot 'add together' you’re separate qualifying
periods.
Houses
The basic discount after five years is 35% for houses. You
are then entitled to an extra 1% discount for each extra complete
year, up to a limit of 60%.
Flats and maisonettes
The basic discount after five years is 50% for flats and
maisonettes. You are then entitled to an extra 2% discount
for each extra complete year, up to a limit of 70%.
Limits on discount
The government changed the discount rules on 11 February 1999
and the maximum cash discount in the North East of England is
£22,000.
What else affects the discount?
The discount you receive may be reduced if the amount of money
we have spent on your home in the last 10-11 years is more than the
purchase price of your home. This is called the cost floor. We can
not sell you your home for less than the cost floor amount.
If you have previously bought a property under the Right to Buy
scheme, then the discount you received for that property will be
taken off the discount on your current Right to Buy purchase.
