We review rents annually for residents living in our permanent rented housing or care and support homes. Learn more about what this means for you below.
From April 2020, most social housing rents have increased by CPI+1% of the existing rent each year. The increase applies to the rent element of your total rent charge and not the service charge or personal charges.
The Consumer Price Index (CPI) is a figure used to measure inflation. The previous September’s CPI is used to calculate rent increases. In September 2022, CPI was 10.1%. Therefore your rent this year will increase by up to 11.1% (10.1% + 1%).
For 2023/24, rent increases for social housing tenants in our general needs homes will be limited to 7% in line with the cap set nationally. We are also capping rent increases for shared owners at 7%.
The 7% cap means that rent increases for most of our residents are significantly lower than they would have been had they been based on inflation rates in September 2022 as is normal.
Rents for residents in care and support services are not covered by the cap and will increase in line with the usual formula set by our regulator of consumer price index (CPI) + 1%.
Although the levels of increase vary, we appreciate that any rise is unwelcome, especially given ongoing cost-of-living pressures. Unfortunately, high inflation has also driven up our costs, which means we need to increase rents to ensure we can continue to make improvements to homes and services and manage our properties well.
What this means for you
Depending on which type of rent you pay, the rent review will affect you differently. Please select the sort of rent you pay below.
Your questions answered
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