How Your Rent is Calculated

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  • 01691 677230 - Oswestry
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When you pay your rent it contributes to the continuously improving service that Shropshire Towns and Rural Housing provides for you and your neighbours. This is calculated according to a national rent formula set by Central Government:

How is my rent set?

Social Rent

In 2002 rents were calculated using a formula set by the Government based on a number factors including the number of bedrooms in the home, average local earnings and the value of the property in 1999. Since this time rents were increased each April in accordance with the Government’s recommended approach which was greatly influenced by the national inflation figure in the preceding September. Whilst there have been a number of minor amendments to the formula over the years, this approach was followed up to April 2015. Following legislation arising from the Welfare Reform and Work Act 2016, the Government abandoned this policy and instead imposed a requirement for rents to be cut by 1% each April for 4 years starting in April 2016.

In some circumstances you may be charged an additional amount for services you receive in connection with your tenancy with us that are not included in the rent. These Service Charges include things such as cleaning costs for communal areas in flats or grounds maintenance costs for communal areas on estates. Service Charges are based on the actual cost to provide these activities and may be subject to an increase each year.

Affordable Rent

In certain circumstances, such as new build homes and some higher value houses, the rent is not based on the Social Rent but is instead termed Affordable Rent. Affordable Rent is set at the start of a new tenancy based on 80% of the full market rent for a similar property in the area. As with Social Rent, the rent has traditionally been subject to an inflationary increase each April, but since 2016 are now subject to a 1% reduction as required by legislation in the Welfare Reform and Work Act 2016.

For further information about your rent, please contact your local rent team

 

Best garden winner announced

Mrs Mary Smith from Pinefields in Much Wenlock has been crowned the winner of this year’s Garden Competition.

Oswestry residents group celebrates one year of partnership and teamwork

Twelve months ago a group of Oswestry residents came together to form the Trees Estate Residents Group.

Error with allpay direct debit payments

allpay have updated us to say that they have now resolved the problem with taking duplicate payments and that all customers will receive a refund of the duplicated payment by Tuesday 12th September.

Community comes together for Fairfield's Fete in Gobowen

Residents of Fairfield Close in Gobowen have raised a whopping £308 at their recent Fairfield's Fete – they plan to use it to pay for activities for the tenants of the Close.

Events

Our Annual General Meeting 2017

This year’s Annual General Meeting will be held on Tuesday 17th October in Shrewsbury from 12 until 2pm. The meeting will provide you with the chance to hear what has been achieved this year, meet our Board Members and our Senior Management Team.

New Rents Calendar

Download and print our new rents calendar, helping you to keep on top of your payments

Gas Safety Week 2017

From 18.09.2017 to 24.09.2017

This week (18th until 24th September 2017) is Gas Safety Week.