Paragraph 7 Notes

In general, if you are a tenant of a flat and you have the 2 year period needed to qualify to buy, you will be entitled to a discount of 29%. You may also be entitled to an extra 2% discount for each complete year over the 2 years. So if, for instance, you have been a public sector tenant for 5 years, your discount could be 35%. The maximum discount for flats is 55% after 15 years tenancy.