How the Right to Buy scheme works
Your discount is calculated by how many years you have been a secure tenant.
Three to 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.
If you have been a secure tenant for six years or more, you will get an extra 2% discount per year for flats or maisonettes and an extra 1% discount per year for houses. This is capped at 70% or the maximum cash discount - whichever is lower.
Current discount cap
The amount of discount you can receive is capped.
The current maximum discount for London is £112,300 and £84,200 for the rest of the country for Right to Buy applications received from 1 April 2020.
These discounts will apply to applications which are served on the landlord by the tenant on or after 6 April 2020.
The discounts do not apply retrospectively to applications made before 6 April 2020.