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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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[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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• 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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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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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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Find out more about Right to Buy now!
Council or Housing Association tenants
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