Right to Buy Q&A
What is the Right to Buy?
The RtB scheme gives council tenants a discount on the market value of their home. The maximum discount is now £75,000.
Almost all council tenants who have lived in social housing for more than five years.
How much is the discount?
The level of discount will depend on the length of time tenants have lived in the property and whether it is a flat or a house.
For houses: tenants who have lived in the property for at least five years will be entitled to a discount of 35 per cent of its value. For every additional year they will receive an extra one per cent discount. The maximum discount for houses is capped at 60 per cent of the property value and cannot exceed £75,000.
For flats: tenants who have lived in the property for at least five years will be entitled to a discount of 50 per cent of its value. For every extra year they will receive an extra two per cent discount. The maximum discount for flats is capped at 70 per cent of the property value and cannot exceed £75,000.
How do I apply?
The application form is available on the council's website along with a guide to the application process: www.wandsworth.gov.uk/righttobuy
Who can help me with my application?
The council's home ownership team can explain how Right to Buy works and help tenants decided whether it is the right choice for them. Trained advisors will help applicants though every stage of the buying process.
Tel. 020 8871 6016
You can also speak to a member of the team at the town hall between Monday to Friday, 9am to 5pm : Room 44, The Town Hall, Wandsworth High Street