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.
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