FAQs
- All social rents increase by the same percentage each year, set by Government (currently CPI + 1%).
- The amount you pay depends on when your tenancy started. Starting rents are set using the Government’s national rent formula and the rules in place at that time.
- Rules have changed over the years. For example, between 2016 and 2020 rents were reduced by 1% each year. This means homes let at different times may have different starting points.
- Property differences matter. The size of your home and historic calculations also affect the starting rent.
- When a home is re-let, the rent may be adjusted, sometimes bringing it closer to the national formula level.
Why is my neighbours rent different to mine?
Rent Increases, Why some residents pay different amounts
We know it can feel confusing when neighbours pay slightly different rents. Here’s a simple explanation of why this can happen:
Because yearly rent increases are percentage-based, the increase is added to each person’s original starting rent. This means the weekly amount may differ, even if the percentage increase is the same for everyone.