What Discounts are available?

The Right to Buy scheme gives tenants a discount on the market value of their homes. The longer you have been a tenant, the more discount you get, up to a maximum limit that varies depending on where you live Are there any other limits on discount?

Two other limits apply.

• A special rule called the cost floor may apply. Your discount will be reduced to reflect what your landlord has spent on building, buying, repairing or improving your home during the last 10-11 years before you apply to buy; and

• If you have previously bought another council property, any discount that you got then will usually be deducted from the discount that you get when you buy again.

For a full breakdown of the latest Government rules surrounding discounts on Right to Buy, click the link below.

http://www.odpm.gov.uk/index.asp?id=1151291#P95_12183     [Discount Rules]