How is my rent calculated?
The amount of rent you pay is based on the size and location of your home. It also depends on how the purchase of the property was funded. The level of rent is based on guidelines laid down by the government.
Your rent includes:
- A charge to cover the cost of repairing, maintaining and managing your home.
- Buildings insurance to cover the structure, fixtures and fittings of the property.
- Where applicable, a service charges for any communal facilities or services, such as grass-cutting and grounds maintenance.
Your rent does not include:
- Insurance for the contents of your home and your personal belongings.
- Utilities such as water, gas and electricity.
- Council Tax – which is payable separately to your local authority.
Changes in your rent
Your rent will change every year, usually in April, in line with government guidelines for housing associations. We will notify you of this in advance and it is your responsibility to inform:
- Your bank, if you pay your rent via standing order.
- The Department for Work and Pensions, if you claim Universal Credit.
- Your local authority, if you claim Housing Benefit.
For the Year 2020-21 our rents increased based on the Consumer Prices Index (CPI) plus 1%.
We also make changes to any service charges which may apply at the same time that your rent changes, although we are always trying to improve the way we manage the services we provide, so these charges can sometimes go down.
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