Important Update on Right to Buy (RTB) Discounts

The government announced in the Autumn 2024 Budget that Right to Buy (RTB) discounts will be reduced from Thursday 21 November 2024.

As a result, we have seen a significant increase in RTB queries and applications.

Further information regarding the changes and application process can be found on the Government website: Right to Buy: buying your council home: Overview - GOV.UK'

Right to Buy allows eligible council tenants to buy their council home at a discount. The maximum discount is published annually, one amount for England and one for London Boroughs, this increases each year in April in line with the consumer price index (CPI).

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 five-years. You might get a smaller discount if you’ve used Right to Buy in the past.

You can use the eligibility checker on the Own Your Home (opens in a new window) website to find out if you can apply. Find out the latest discount and more information from the GOV.UK (opens in a new window) website.

Contact us

If you are unsure or have any questions regarding Right to Buy please get in touch using the online form (opens in a new window) or by telephone on 01246 242424 and we will be happy to answer your questions.