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[Insert authors name] [Job title] [Team] Bigger discounts under Right to Buy could make a real difference. Council or Housing Association tenants Insert logo

Bigger discounts under Right to Buy could make a real difference

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Council or Housing Association tenants. Bigger discounts under Right to Buy could make a real difference. [Insert authors name] [Job title] [Team]. Insert logo. Council or Housing Association tenants. - PowerPoint PPT Presentation

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Page 1: Bigger discounts under Right to Buy could make a real  difference

[Insert authors name] [Job title] [Team]

Bigger discounts under Right to Buy could make a real difference.

Council or Housing Association tenants

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Page 2: Bigger discounts under Right to Buy could make a real  difference

• Right to Buy is a scheme that gives council tenants the opportunity to buy their homes at a discount.

• In April 2012 and March 2013, the top discount on Right to Buy was increased and now tenants can buy their home with up to a 70% discount.

• Two million homes have been bought under Right to Buy since 1980 when the scheme began.

What is Right to Buy?

Council or Housing Association tenants

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Page 3: Bigger discounts under Right to Buy could make a real  difference

Are you eligible?

Council or Housing Association tenants

You could be eligible for a Right to Buy discount if:

You are a council tenant – or have been a council tenant when your home was sold to your current landlord

You have been a tenant for at least 5 years

You don’t live in sheltered housing or other housingparticularly suitable for elderly or disabled people

The property is your only or main home

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Page 4: Bigger discounts under Right to Buy could make a real  difference

How much discount?For a house:

• Discounts start at 35% after 5 years’ tenancy • Add 1% for each extra year that you have been a tenant, • Up to maximum 60% discount – or £75,000 (whichever is the lower).

For a flat:

• Discounts start at 50% of market value after 5 years’ tenancy• Add 2% for each extra year that you have been a tenant • Up to a maximum 70% discount – or £75,000 (whichever is the lower).

Council or Housing Association tenants

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Page 5: Bigger discounts under Right to Buy could make a real  difference

Find out more about Right to Buy now!

Council or Housing Association tenants

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