Right to Buy Scheme
The question
To ask the Secretary of State for Housing, Communities and Local Government, with reference to paragraph 5.149 of the Autumn Budget 2024, HC 295 published on 30 October 2024, what the new Right to Buy discount rates are; and if she will make a comparative assessment of the adequacy of these rates compared to the previous regime.
Answered by Matthew Pennycook
As announced in the Autumn Budget and in accordance with our manifesto commitment, the Government reviewed the increased Right to Buy discounts introduced in 2012 and determined to reduce the maximum cash discounts to between £16,000 and £38,000. The level of discount available will depend on where a tenant lives. The review of Right to Buy discounts was published alongside the Budget and can be found on gov.uk here. Secondary legislation to reduce the maximum cash discounts was laid in Parliament on 30 October and is intended to come into force on 21 November.
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