Sharratts

Affordable Housing Law

Tel: 01959 568000

Right to Buy Discount Increase

24th April 2015

 

Right To Buy (RTB) Discount Increase

 

From the 6th April 2015 the maximum available discount for RTB matters will increase. The annual increase (6th April 2015 – 5th April 2016) is linked to the percentage rate change in the Consumer Price Index.

 

The discount for RTB matters 2015/16 are now:-

 

£103,900.00 for homes in the London Boroughs

 

£77,900.00 for homes outside of the London Boroughs

 

All transactions that commenced prior to 5th April 2015 will not be eligible for the increased discount and so will not need an updated s.125 notice.

 

Only applications made after 5th April 2015 will be eligible for the updated discount.