On 18 January 2005, a number of changes to the Right to Buy were introduced under the Housing Act 2004. The government said in its press release about the Act, that the changes “will clamp down on companies and individuals exploiting the rules and profiting at the expense of those in need of affordable housing by extending the qualification period for purchase from two to five years and ensure councils have first offer from any future resulting sale.”
You can read about the changes by clicking on the link to the Explanatory Notes to the Housing Act 2004. The Right to Buy changes are in Part 6 of the Act.
http://www.legislation.hmso.gov.uk/acts/en2004/2004en34.htm
You can read the full text of the Housing Act on the HMSO website at:
http://www.legislation.hmso.gov.uk/acts/acts2004/20040034.htm
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