"An affordable home is for people who cannot afford to buy a home on the open market. It is provided at a discount to the market price, and you must live in it. If you sell it within 20 years, you will have to pay back a percentage of the sale price to the local authority. This is known as a 'Clawback'."
If you sell within the first 10 years, you must pay back the full percentage
from the sale that you got as a discount when you bought your home.
After 10 years, the percentage you must pay back reduces by one-tenth for each full year you live in your home.
If you sell your home after 20 years, you do not have to pay any ‘clawback’
to the local authority.
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