Right to Buy
Right to Buy - Consumer Price Index increase
As of Thursday, 6 April 2017 Wandsworth tenants applying for the Right to Buy scheme will benefit from an increase to the maximum discount in line with the percentage change in the CPI (Consumer Price Index) to £104,900.
The Right to Buy scheme allows council tenants, who have over three years of public sector tenancy, the opportunity to purchase their council property.
- a valuation (we require access to the property), and
- an offer letter (S125 notice) which will advise you of the level of discount and the price you will need to pay to purchase the property.
The maximum cash discount amount in London is £103,900.
From 1 August 2015, we discontinued Right to Buy voluntary sales.
Voluntary sales are cases that do not meet the usual criteria but proceed under the discretion of the housing director.
Home ownership options