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
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