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CHANGES MADE TO RIGHT-TO-BUY RULES

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Changes lowering the discount on right-to-buy deals have been laid before Parliament. ...
Changes lowering the discount on right-to-buy deals have been laid before Parliament.

The current discount of up to£50,000 will be replaced on 11 February next year by nine regional limits ranging from£38,000 in London and the south-east to£22,000 in the north-east.

Tenants will continue to be able to claim up to 60% discount on a house and 70% on a flat.

Housing minister Hilary Armstrong said: 'We announced the plans in July to reduce the limit to a fairer level which reflected more closely the actual cost of buying a local authority home in each of the nine English regions. The great majority of these welcomed the proposal.'

Council housing chiefs said the changes would have little effect on the numbers of those buying council homes.

Tony Peak, head of housing at Sutton LBC, said: 'The number of people exercising their right to buy is nowhere near the level it previously was.'

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