However, the price paid for your home will reflect a discount on the market value. The discount reflects how long you have held a public sector tenancy but is subject to a maximum discount in the East Midlands of £24,000.

Subject to the maximum discount of £24,000, the discount will reflect the following;

For tenancies in existence before 18 th January 2005 the discount would be:

House - After the minimum qualifying period of 2 years you would be entitled to a 32% discount. You are eligible for 1% more discount for each additional year you have been a tenant, up to a maximum of 60%

Flat or maisonette - After the minimum qualifying period you would be entitled to a 44% discount. You are eligible for 2% more discount for each additional year you have been a tenant, up to a maximum of 70%

For tenancies which commenced on or after 18 th January 2005 the discount would be:

House - After the minimum qualifying period of 5 years you would be entitled to a 35% discount. You are eligible for 1% more discount for each additional year you have been a tenant, up to a maximum of 60%

Flat or maisonette - After the minimum qualifying period you would be entitled to a 50% discount. You are eligible for 2% more discount for each additional year you have been a tenant, up to a maximum of 70%

If you have previously bought a property under the Right to Buy, this will affect the amount of discount you will receive if you apply again on another property.