Right to Buy discount
If you are eligible for the Right to Buy scheme you can get a discount on the price of your home.
Usually the exact discount you get depends on how many years you have been a public sector tenant. You can count time spent in different properties and with different landlords, the time you count does not need to be continuous.
Further to the recent changes to the Right to Buy discount amount, the basic percentage discount remains the same; for houses is 32 per cent and for flats is 44 per cent. The biggest discount you can get has been increased to £75,000.
We cannot sell a property for less money than we have spent on it. If we have spent £5,500 or more improving your home over the past 10 years, and the discount reduces the price of your home below what we have spent on it, a special rule called 'cost floor' may apply.
You can get more details on the discount rules and the size of the discount from the home ownership services.
If you sell your home within three years of buying it you have to pay back some or all of the discount.