Right of First Refusal

Discount repayment

If you're the owner of a leasehold or freehold property originally purchased from Southwark Council under the Right to Buy or Social Homebuy Scheme, you must repay a portion of the discount you received if you dispose of the property within the first 5 years of your lease/freehold transfer agreement. This requirement is in addition to the Right of First Refusal process.

The repayable discount is based on the:

percentage of discount you originally received
original valuation
number of years you've owned the property
agreed sale price

The exact discount repayable is calculated once the council is informed of the agreed sale price. For an estimate, tell us the property's current valuation and we'll provide an estimated discount repayment figure.

To apply for the Right of First Refusal and Discount Repayment, contact us for an application pack.

Fees

£138 administration fee to process the application (2024/25)
Legal fees of £174.98 + VAT and disbursements (2024/25)

Part 1Right of First Refusal Part 3Exempt Disposal

Page last updated: 29 May 2024

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Right of First Refusal

Discount repayment

Fees

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