Your guide to the right to buy
How much discount will I get?
Houses
If you are buying a house, the minimum discount allowed for two
years tenancy is 32%. Additional discount of 1% for each extra
complete years tenancy is allowed up to a maximum of 60% for 30
years or more. After 18th January 2005 tenants who need a minimum
qualifying tenancy period of 5 years will receive a minimum
discount of 35%.
Flats and maisonettes
If you are buying a flat or maisonette, the minimum discount
allowed for two years tenancy is 44%.
Additional discount of 2% for each extra years tenancy is
allowed up to a maximum of 70% for 15 years or more. After 18th
January 2005 tenants who need a minimum qualifying period of 5
years will receive a minimum discount of 50%.
General
All discounts awarded by landlords in the North West region are
subject to an overall maximum of £26,000. The discount entitlement
may be reduced if:
- You have received a discount in respect of a previous sale
which has not been repaid
- The amount the council has spent on the property within the
last 10 - 11 years, over and above repair costs of £5,500 is
greater than the discounted price.
If you decide to sell your property you may have to repay all
or some of the discount. See Selling your
home for more information.