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Hi,

 

please can someone explain in greater detail the maximum discount for the Right to Buy scheme.

 

I have read all the relevant literature

 

Am I right in thinking that the maximum discount is 70% of the valuation of the property however this would be capped at £100,000 (London borough cap)

 

So a property that is worth 350k in London is not going to be sold to the tenant for less than 250k. Assuming that the maximum discount applies.

 

Much appreciated

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