Article 2 Maximum discounts

This article applies in relation to a claim to exercise the right to buy where a notice under section 122(1) was served on or after the commencement date.

Subject to paragraphs (3) and (4), in relation to a dwelling-house in a region specified in column 1 of the table in Part 1 of Schedule 1, the prescribed sum is the sum specified in the corresponding entry in column 2 of that table.

In relation to a dwelling-house in an area specified in Schedule 2, the prescribed sum is £16,000.

In relation to a dwelling-house in the London boroughs of Barking and Dagenham and Havering, the prescribed sum is £38,000.

In this article, a “prescribed sum” is prescribed for the purposes of section 131(2).