Q&As

Could the postponement of a council's right to buy (RTB) charge (which secures the RTB discount) be dealt with by letter/certificate confirming that the council agrees to postpone their charge? Would it have to take the form of a deed?

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Produced in partnership with Katherine Illsley of 4 King’s Bench Walk
Published on LexisPSL on 05/11/2020

The following Local Government Q&A produced in partnership with Katherine Illsley of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:

  • Could the postponement of a council's right to buy (RTB) charge (which secures the RTB discount) be dealt with by letter/certificate confirming that the council agrees to postpone their charge? Would it have to take the form of a deed?

The right to buy (RTB) scheme enables eligible council and housing association tenants to buy their home at a discount. The maximum amount of discount is reviewed annually, and currently, the maximum discount stands at £84,200 (or £112,300 if the property is in London). The discount given will depend on how long the buyer has been a tenant with the public sector landlord (for ease of reference, ‘the council’), the type of property, and the value of the property.

If the buyer goes on to sell the RTB property within five years of buying it, then a percentage of the discount will have to be repaid. The percentage decreases with each passing year of the purchase.

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