The maximum discount available to tenants exercising their right to buy or preserved right to buy (in England only) is increasing.
The maximum discount available to tenants who make a RTB or PRTB application which is received by the landlord on or after 6th April 2018 will be:
- £80,900 outside of London
- £108,000 within London
This change does not affect applications which are ongoing as at 6 April: it only affects new applications received from tenants on or after that date.
The increase has been brought about by the 2014 legislation which increased the maximum discount amount. That legislation also set out that the maximum discount amount would then increase on 6th April each year in line with Consumer Price Index (CPI).
The maximum discount amount for the right to buy and preserved right to buy will be reviewed again next year.
For more information
For further information please contact Emma Holmes or Stefanie Zandy-Smith
Latest news
Staying friends through a split
More couples are choosing to divorce as amicably as possible, demanding an increase for specialist mediation services and less contentious options, such as ‘collaborative law’. But is it really possible to split and stay friends?
Wednesday 19 February 2025
Read moreAnthony Collins reappointed following Cottsway Housing Association tender for housing services
Social purpose law firm, Anthony Collins, has been reappointed as the sole legal provider of housing services for Cottsway Housing Association (Cottsway) tender, continuing a partnership focused on improving communities.
Tuesday 18 February 2025
Read moreLatest webinars and podcasts
Podcast: Leasehold reform: Commonhold
Emma Lloyd and Raj Flora-Seehra explore the Government’s renewed focus on commonhold tenure
Monday 17 February 2025
Read morePodcast: Who gets the microwave? Episode 2 – Non-court dispute resolution
Listen to the second in a series of podcasts from our matrimonial team where Tom Gregory, Chris Lloyd-Smith and Maria Ramon put down their litigation weapons and discuss the importance of […]
Friday 22 November 2024
Read more