We’re considering extending rent flexibility to all our socially rented properties and we’d like you to have your say.
Currently, around 80% of our socially rented properties are subject to rent flexibility, meaning we can set rents at up to 5% above the national formula. We’re consulting with you to extend this to all our socially rented properties, so that there is parity for all of our customers, regardless of where they live.
As a not-for-profit company and registered charity, we will continue to use our rent income to develop and deliver excellent services for our customers, maintain and improve our homes to a high standard, and contribute towards building much needed new homes.
Our proposals are all in line with the government’s Rent Standard and Rent Policy Statements, which give social housing providers some discretion over the rent they set for individual properties, taking in to account local factors.
You can read more about the consultation and what it would mean for you in our full briefing document - Tenant Rent Consultation.pdf [pdf] 378KB
The consultation period runs from Monday 14 September to Friday 13 November, with responses being used to inform recommendations to our Board on 30 November.