Ministers have confirmed sweeping reforms to Right to Buy, tightening eligibility rules and reducing discounts in a bid to protect England's depleted social housing stock.
The minimum eligibility period will increase from three to 10 years before council tenants can apply to purchase their home. Discounts will start at just 5% of the property value, rising by 1% annually up to a maximum of 15%.
An exemption period will also prevent newly built social homes from being sold under the scheme for 35 years after construction.
The Chartered Institute of Housing welcomed the reforms though the changes will only be brought forward when Parliamentary time allows.
