Thursday, 2 April 2015

Right to Buy Discounts to Rise Again As More Tenants Become Eligible

The government is to further increase the level of right to buy discounts from 6 April. In an announcement made just before the official start of the purdah period, the CLG confirmed discounts will increase from £77,000 to £77,900 outside London and from £102,700 to £103,900 in the capital. The increases are in line with the CPI measure of inflation. Meanwhile, measures in the Deregulation Act have increased the numbers of tenants eligible for the right to buy. Previously, a tenant would have to live in council housing for five years before qualifying; this has been reduced to three years. Read more on 24dash.

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