If you've been renting your council or housing association home for at least three years, you may be able to buy your property at a discounted price under the government's Right to Buy scheme.
Find out your Right to Buy discount
Your discount is based on the number of years you have spent as a public sector tenant.
If you live in a house, your discount will be between 35 percent and 70 percent (up to the maximum discount allowed in the Royal Borough of Greenwich which is £116,200).
If you live in a flat, your discount will be between 50 percent and 70 percent (up to the maximum discount allowed in the Royal Borough of Greenwich which is £116,200).
You can use the GOV.UK discount calculator to get an indication of what your discount will be.
The annual increase to the maximum right to buy discount, in line with the Consumer Price Index (CPI), is £127,940.
This discount will apply to applications that are served on the landlord by the tenant on or after 6 April 2023. The discount does not apply retrospectively to applications made before 6 April 2023.
Check you can afford to buy
Buying your own home is a big step and by doing so you will be taking on a big commitment, especially if you're buying a leasehold property.
If you buy a house, you usually buy the freehold. This means you will be the outright owner.
If you buy a flat or maisonette, you become a leaseholder. This means that you and your successors can live in the flat for a fixed time, usually 125 years.
You may also find the GOV.UK home ownership and tenant cost comparison useful.
Apply for Right to Buy
For more guidance on the application process, read our step-by-step guide to the Right to Buy process.