Right To Buy
Right to Buy was introduced in 1980 and gives eligible social housing tenants the right to buy their home at a discount. Over the years, the discount levels have varied, making the scheme unaffordable to many tenants.
Since April 2012, the Government has introduced major changes to Right to Buy. In July 2014, the maximum percentage discount for a house was increased to 70% (in line with flats) and the maximum cash cap will now increase in April every year in line with inflation.
The maximum discounts are £77,900 across England and £103,900 in London.