Council Offers Tenants Maximum Discount

The maximum discount of £75,000 is being offered to Westminster council tenants locked out of home ownership because of the area’s high property prices. The council is taking advantage of new relaxed rules on Right to Buy discounts introduced by the Government.  Westminster expects to sell hundreds more homes during the next three years to working households earning at least £60,000 a year and who are able to pay a mortgage. People who have been tenants for at least five years will be entitled to the maximum discount.  The average value of a two-bedroom council property in Westminster borough is £290,000, according to the council, meaning a qualifying tenant could buy the property for £215,000.  Read more on the Homes and Property website.