Rent changes coming in 2020
Over the last four years bpha has reduced social housing rent by 1% each year. This followed a 2015 government policy where all social housing providers were required to cut their rents over the four year period.
From 1 April 2020, the government’s Regulator for Social Housing is letting housing associations increase rents in line with its 2020 rent standard. This standard allows for a Consumer Price Index (cost of living) increase which is currently 1.7% plus an additional 1%.
This means that bpha will be increasing rents by 2.7% in April 2020.
We will write to you in February 2020 to tell you exactly what your rent will be in April 2020, along with any increase to your Service Charge if you pay it.
Rent increases will happen right across the social housing sector as landlords raise rents in line with the government standard. At bpha, we’re committed to providing high-quality homes that are affordable and meet the needs of the people who live in them. For every £1 of rent we receive, we invest £1.90 into services such as repairs, improvements to homes and neighbourhoods and the development of more homes for local people.
If you’re concerned about the rent increase and would like some advice on claiming benefits or managing your money, call us on 0330 100 0272. You’ll also find some useful tips and advice on our website by going to: www.bpha.org.uk/support/money-benefits-advice
To find out more about the government’s rent standard, go to: www.gov.uk/government/publications/direction-on-the-rent-standard-from-1-april-2020.