How Your Rent is Calculated

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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

 

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Over the last few months we’ve been busy trying to make it even easier for you to get in touch with us.

GDPR - How this affects you

Information about you and your tenancy is recorded on our internal system. Only STAR Housing staff can access this and will only access information about you and your tenancy for relevant purposes.

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Events

Next Board meeting Tuesday 3rd July 2018

The next meeting of the STAR Housing Board is on Tuesday 3rd July

Next Board Finance, Audit & Risk Subcommittee Meeting Monday 25th June

The next meeting of the Finance, Audit & Risk Subcommittee meeting is on Monday 25th June

Next Board Development Subcommittee Meeting Tuesday 17th July

The next meeting of the Development Subcommittee meeting is on Tuesday 17th July

Sheltered scheme drop in, Greenfields Court in Bridgnorth

From 19.06.2018 to 19.06.2018

We’ll be visiting Greenfields Court sheltered housing scheme in Bridgnorth on Tuesday 19th June 2018 as part of our series of summer events.

Clean up session with a skip, Wrekin Road in Bridgnorth

From 19.06.2018 to 19.06.2018

We’ll be on the green on Wrekin Road in Bridgnorth on Tuesday 19th June 2018 from 2pm until 4pm as part of a series of summer events.