The maximum discount available to tenants exercising their right to buy (RTB) or preserved right to buy (PRTB) (in England only) is increasing.
For those housing associations taking part in the Midland Voluntary Right-to-Buy(VRTB) Pilot, discounts should also be increased to this level to reflect the statutory scheme.
The maximum discount available to tenants who make an RTB, PRTB or VRTB application, which is received by the landlord on or after 6 April 2019, will be:
- £82,800 outside of London
- £110,500 within London
This amount increases every year in April in line with inflation.
This change does not affect applications that are ongoing as at 6 April, it only affects new applications received from tenants on or after that date.
The maximum discount amount for the RTB and PRTB will be reviewed again next year.
For more information
For further information please contact Stefanie Zandy-Smith.
Latest news
New code puts complaint handling in the spotlight
he updated Housing Ombudsman’s (HO) Complaint Handling Code (the New Code) will become a statutory requirement on 1 April 2024 and will bring a significant step change for registered providers (RPs).
Monday 25 March 2024
Read moreAnthony Collins appoints returning partner as new head of funding
Specialist law firm Anthony Collins (AC) has appointed a new head of funding, returning partner, Jon Coane. Jon brings with him over 25 years of experience as a social impact […]
Wednesday 13 March 2024
Read moreLatest webinars and podcasts
PODCAST: 12.07% holiday accrual is back… But not for everyone!
In the podcast we will outline the new Working Time Regulations legislation in detail, noting when the provisions coming into force, whilst also providing practical examples and guidance for employers across all sectors.
Friday 1 December 2023
Read moreRenters Reform Bill webinar – June 2023
The Renters Reform Bill proposes a seismic change to housing management practices, abolishing assured shorthold tenancies and 21 notices entirely and making changes relating to rent increases, pets, possession grounds and more.
Friday 18 August 2023
Read more