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ARTICLE · 05 FEBRUARY 2025

The Government's Right To Buy Changes

Buss Murton
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As part of the eagerly awaited Budget on the 30th of October 2024, much of the information regarding changes to Stamp Duty Land Tax was disclosed

United KingdomReal Estate and Construction
Gail Anthony
Gail Anthony

As part of the eagerly awaited Budget on the 30th of October 2024, much of the information regarding changes to Stamp Duty Land Tax was disclosed as well as changes to the surcharge for investment properties. That said, there was less information publicised as to the changes to the Government Right to Buy Scheme for properties across England.

Previously if you were a tenant in a council property, under the Right to Buy Scheme you were able to apply to buy your home and receive a maximum discount, whichever was the lower of the below:

  • 70% of the value of your property
  • £136,400 if your property was in a London Borough
  • £102,400 if your property was outside of London

Changes took effect from the 21stof November 2024 regarding the maximum discount you can receive, whichever is the lower of the following:

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