If you buy a house, you usually buy the freehold. This means you will be the outright owner.
Compare the costs of owning or renting a home (Own Your Home).
If you buy a flat or maisonette, you become a leaseholder. This means that you and your successors can live there for a fixed time, usually 125 years.
Find out your Right to Buy discount
Your discount is based on the number of years you've been a public sector tenant.
The maximum discount amount in the Royal Borough of Greenwich is £16,000. This increases every April in line with the Consumer Price Index (CPI).
This discount will apply to applications made on or after 6 April 2024. The discount does not apply retrospectively to applications made before 6 April 2024.
If you live in a house, your discount will be between 35% and 70%, up to the maximum discount amount.
If you live in a flat, your discount will be between 50% and 70%, up to the maximum discount amount.