Right to Buy

If you're eligible for Right to Buy you're entitled to a discount on the full market valuation of the property.

The government adjusts this amount on 6 April each year. The longer you've been a tenant the bigger the discount.

The maximum discount is £136,400 for all new applicants who applied on or after 6 April 2024.

Example

If your home is valued on the open market as £340,000 and you've been a tenant for 3 years you'll be entitled to 50% discount. This cannot exceed the maximum amount of discount, so: 

• the maximum discount of £136,400 will be deducted from £340,000
• you'll pay £203,600 for your home

A special limit on the discount amount may apply if:

• the property is newly built or acquired
• we've carried out improvements, repairs or maintenance work on the property

This is known as the 'cost floor rule'.

If we spent £5,000 or more on the property 10 years before you apply for Right to Buy, your discount must not reduce the sale price below the amount spent.

For properties built or acquired by us on or after 2 April 2012 it is 15 years before you apply.

Use the Right to Buy calculator to get a rough idea of how much discount you may be able to get.