# The Housing (Right to Buy) (Limits on Discount) (England) Order 2024, Note: Explanatory note


(This note is not part of the Order)
This Order relates to a person’s right to buy a dwelling-house in England under Part 5 of the Housing Act 1985 (“the Act”) and the discount off the purchase price to which they may be entitled.
Article 2 prescribes maximum discounts. The maximum discounts applicable by region are, generally, those set out in Part 1 of Schedule 1. However, where the dwelling-house is in an area listed in Schedule 2, the maximum discount is £16,000; and where the dwelling-house is in the London Boroughs of Barking and Dagenham and Havering, the maximum discount is £38,000.
Article 3 specifies the period of time used in the calculation of costs incurred for the purpose of calculating the cost floor as 30 years. The costs floor is an amount that represents the costs incurred by the landlord in respect of the dwelling-house over that period below which the purchase price may not be reduced.
Articles 2 and 3 apply only in respect of right to buy applications made on or after the date on which this Order comes into force.
Article 4 revokes various Orders which are superseded by this instrument. Article 5 makes a saving provision in respect of right to buy applications made before the date on which this Order comes into force.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2024/1073/note (the official version)
Page: https://openlegislation.uk/housing-right-to-buy-limits-on-discount-england-order-2024/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.