The rent you pay will depend on:
By 2012, the actual amount you pay should be the same as the target rent for your home. Until we reach your target rent, the biggest amount we can put up your weekly rent by each year is last September’s rate of inflation (which was 5%), plus 0.5%, plus up to £2.00. Once your target rent is reached, your weekly rent may go up no more than inflation, plus 0.5%.
Inflation happens when the cost of goods goes up. Every month the Government checks the prices of everyday things, like food, petrol or gas. If the cost of the goods is higher than the month before, inflation’s happening. In September inflation was at 5% and that’s the figure the Government has agreed we should use, plus 0.5%, plus up to £2.00.
The most you’ll have to pay on top of what you pay now is an extra 5.5% plus up to £2.00. When we’ve worked out the rent for your home for the year, we charge you over 50 weeks instead of 52 weeks. You’ll still pay the same rent in a year, but you’ll make 50 payments instead of 52. If you want to know what the target rent is for your home call your support services team.
If rents stayed where they are, we'd struggle to provide good services, take care of your home and build new homes. We don’t make a profit - the money we get from rent and service charges help to pay for homes and services.
Back to top
