On 21 July 2014, the maximum discount amount for properties bought under the right to buy and preserved right to buy increased. The legislation that brought about the change also set out that the maximum discount amount would then increase on 6 April each year, in line with Consumer Price Index (CPI).
Due to an increase in CPI, the maximum discounts for any applications received on or after 6 April 2017 will be:
- £78,600 outside of London
- £104,900 within London
The maximum discount amount for the right to buy and preserved right to buy will be reviewed again next year.
For further information please contact Emma Holmes.
Latest news
Double partner hire for housing and property team
Digby Morgan and Kate Davies join social purpose law firm, Anthony Collins’ housing sector and property team enhancing its expertise in affordable housing development, stock rationalisation and regeneration.
Friday 11 April 2025
Read moreStaying 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 moreLatest webinars and podcasts
Podcast: Service charge and estate charge for registered providers
In this episode, Penny Bournes and Emma Lloyd examine how the Leasehold and Freehold Reform Act 2024 will impact private registered providers, particularly in terms of service charge administration, cost […]
Wednesday 19 March 2025
Read morePodcast: Service charge and estate charge for local authorities
In this episode, Penny Bournes and Emma Lloyd examine how the Leasehold and Freehold Reform Act 2024 will impact local authority landlords, specifically regarding service charges and estate management charges. […]
Monday 3 March 2025
Read more