How does the right to buy work?
The idea behind right to buy is to allow those living in public sector housing to buy their homes at a discount.
Public sector here refers to any housing association, local council or other government department.
The size of the discount is dependent on the length of time you’ve spent in the house in question, the type of property involved (e.g. a flat or a house) and, of course, the value of the property.
As of July 2015, the maximum discount is £103,900 in London, and £77,900 in the rest of the country.
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