You get an extra discount for each year you qualify.
The maximum right to buy discount in Ealing is £16,000.
If you applied to buy your home before 21 November 2024, the maximum discount is £136,400.
If you are thinking of applying for the right to buy, we recommend that complete the application form, sign it, scan it, and email it to homeownership@ealing.gov.uk. Alternatively, you can apply using My Account or send your application by recorded delivery.
Discount rates and cap
- The discount rates will remain unchanged and are for:
- houses: 35% of the property’s value, plus 1% for each year beyond the qualifying period, up to a maximum of 70%
- flats: 50% plus 2% for each year beyond the qualifying period, up to a maximum of 70%
- however, the maximum cash value will reduced from £136,400 to £16,000 on 21 November 2024
- The cost floor is the sum of all money spent by the council on a given property within the last 15 years
- The period of time the cost floor covers will also change and will be increased from 15 years to 30 years for homes subject to right to buy, to protect investment in the housing
- A property sold under the right to buy cannot be sold less than the cost floor. For example, if over a 30 year period, the council spent £300,000 building a property, £10,000 on a new kitchen and bathroom and £5,000 on new windows, the cost floor would be £315,000. If a right to buy application is received and the valuer‘s value the property at £320,000, the tenant would normally receive £16,000 discount; with the discount applied the purchase price would be £304,000. However, because this is below the cost floor, the cost rule would apply. Therefore, the property would be sold for £315,000