Name: The discount rules
Description: The discount rules

The discount rules

The Right to Buy scheme gives tenants a discount on the market value of their home. The longer you have been a tenant, the more discount you get. The maximum discount currently available for Dartford Borough Council tenants is £84,200.

If you qualify for the Right to Buy, the discounts are shown below, using a property worth £200,000 as an example. But, whatever percentage you are eligible for, your discount cannot be greater than £84,200.

Qualifying period (years) Discount for houses/bungalows Discount for flats/maisonettes
percentPoundspercentPounds
3 35% £70,000 50% £84,200
4 36% £72,000 52% £84,200
5 37% £74,000 54% £84,200
6 38% £76,000 56% £84,200
7 39% £78,000 58% £84,200
8 40% £80,000 60% £84,200
9 41% £84,200 62% £84,200
10 42% £84,200 64% £84,800
15 47% £84,200 70% £84,200
20 52% £84,200 70% £84,200
25 57% £84,200 70% £84,200
30 62% £84,200 70% £84,200
35 67% £84,200 70% £84,200
40 70% £84,200 70% £84,200

Repayment of Discount

If you have bought your home under the Right to Buy, you can sell it whenever you like. But if you sell within the 'discount repayment' period, you will have to repay some or all of the discount.

If you want to sell within 5 years of buying your home, the amount to be repaid will be a percentage of the resale value of the property, disregarding the value of any improvements.

If you sell within the first year of purchase, the whole discount will have to be repaid; four fifths must be repaid if you sell in the second year; three fifths in the third year; two fifths in the fourth year; and one fifth in the fifth year.

Certain sales are exempt from the requirement to repay discount, eg: transfers between certain family members.

Last Updated: 24th September 2020