About Right to Buy
The Right to Buy scheme was introduced in 1980 and is designed to help council and housing association tenants in England buy their home at a discount.
Since April 2012, major changes have been made to Right to Buy. Maximum discounts were increased from as little as £16,000 in some areas to a maximum of up to £77,000 across England (£102,700 in London).
From 21 July 2014, the maximum percentage discount for a house is now 70% (in line with flats) and the maximum cash cap will now increase in April every year in line with inflation.
More than 19,000 tenants have become homeowners since the Right to Buy discounts were increased. As money raised through extra sales is now going towards building new affordable homes for rent this has generated more than £420 million to fund new affordable homes for rent to date.
If you have more questions, check out our questions and answers.