Right to buy your home
You will usually qualify for a discount from the full market valuation of their property if you have been a secure public sector tenant for at least five years.
How the Right to Buy scheme works
Five years as a secure tenant gives you a 50% discount when you buy your flat or maisonette and 35% when you buy your house.
However from 26 May, you will receive the same discount if you have been a secure tenant for at least three years.
- 60% discount if you wish to buy your flat
- 40% discount if you wish to buy your house.
On 6 April the maximum discount for London was increased to £103,900 and £77,900 for the rest of the country.
However the discount will stay as £102,700 in London and £77,000 in the rest of the country for any applications we received before 6 April.
Qualifying for Right to Buy
- you must be a secure tenant in the property you wish to buy
- you must have spent at least five years as a public sector tenant
- the property must be your only or main home
- you must not have breached your suspended possession order
- your home must not be due for demolition (a notice would have been served on you).
Buying with family members
- it is their only or principal home
- they have lived there for a minimum of 12 months before applying.
If you do not want to apply, you must agree to the sale by filling in the appropriate part of the application form.
Find out how much your property is worth
You don’t need to apply to the Right to Buy scheme just to get your property valued. You can:
- get a free online valuation from the Right to Buy website
- ask a local high street estate agent to value your property.
Can you afford it?
- stamp duty
- solicitors fees.
Applying for the Right to Buy scheme
Right to Buy
020 8430 2000