If you sell your home within five years of purchasing it through the Right to Buy scheme, you will need to repay some or all of the discount you received. The repayment reduces over time as follows:

• Within Year 1: 100% of the discount must be repaid
• Within Year 2: 80% of the discount must be repaid
• Within Year 3: 60% of the discount must be repaid
• Within Year 4: 40% of the discount must be repaid

• Within Year 5: 20% of the discount must be repaid

Repayment is based on the current market value of the home at the time of sale, not the original purchase price.

Example:

You purchased your home for £150,000 with a £30,000 discount. Three years later, the home is worth £200,000. If you sell in Year 3, you must repay 60% of the discount:

• £30,000 × 60% = £18,000

• Adjusted for market value: £18,000 ÷ £150,000 × £200,000 = £24,000

How to Apply for Right to Buy

1. Download the RTB1 Application Form from GOV.UK.
2. Complete the form with details about your tenancy and property.
3. Submit it to your landlord, who must respond within a set timeframe.
4. Seek independent mortgage advice, financial planning, and legal guidance before proceeding.

Other Key Considerations

• Resale Restrictions: If selling within 10 years, you must first offer the property to your previous landlord or another social landlord at market value.
• Homeowner Responsibilities: You will be responsible for maintenance, repairs, insurance, and any applicable service charges.

• Mortgage Planning: Ensure your mortgage is suitable for your circumstances and that you understand repayment obligations.

For full guidance, visit the GOV.UK Right to Buy page.
Property Clinic Solutions can help you navigate Right to Buy, from eligibility checks to securing the right mortgage and completing the purchase efficiently.