Under the Right to Buy scheme, a tenant can buy their home at a price lower than the full market value. This is because the length of time spent as a tenant entitles them to a discount. The Right to Buy is available to secure tenants of local authorities and non-charitable housing associations, and to assured tenants of registered providers (housing associations) who moved with their homes from a local authority to a housing association as part of a stock transfer.
This booklet describes the Right to Buy scheme as it works today, taking into account the changes made to the Right to Buy legislation which came into effect in April 2012 and July 2014. The information in it applies only to England. It contains a summary of the law relating to the Right to Buy. It is not intended to be comprehensive and recommends those thinking of applying for a Right to Buy should get independent legal and financial advice about their individual circumstances and to help with the legal process of buying a home.