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Changes to your rent from April 2022

We are currently working on the annual rent increase which will start from 4 April 2022.

When reviewing your annual rent, we are guided by the Government who determine the rules around rent setting each year. Government policy states that we may increase your current net rent for 2022 – 2023. Outlined below are details which will affect how much rent you pay depending on the type of property you live in.

  • If you live in a General Needs, Independent Living or Shared Ownership (pre-stock transfer in December 2007) property, you will see a rent increase of September 2021 CPI (Consumer Price Index) + 1% (a total of 4.1%).
  • If you live in a Market Rent property you will see an increase of September 2021 RPI (Retail Price Index) + 1% (a total of 5.9%).
  • If you live in a RentPlus or Rent to Buy property you will see an increase of September 2021 CPI (Consumer Price Index) + 1% (a total of 4.1%).
  • Depending on when you became a shared ownership customer after the stock transfer in December 2007, you will either have a September 2021 RPI (Retail Price Index) + 0.5% (a total of 5.36%) or a January RPI + 0.5% (this total figure will be announced in February).
  • If you rent a garage from us, we’re currently reviewing the rent and you will be notified figures in February.

All rent increases, except RentPlus, will take place from 4 April 2022.

You’ll be receiving a letter at the end of February 2022 with more information and specific figures depending on your tenure. The letter will also include some Frequently Asked Questions (FAQs) which should help explain in more detail the proposed changes and what this means for you.

Any questions or need help?  

We’re here to help if you need support with paying your rent or are experiencing financial difficulties. Please get in touch.

We can offer advice on maximising your income, practical support, and signpost to other organisations who can help. 

If you have any queries about this change, or have any problems paying your rent, please contact customer.services@greatwellhomes.org.uk or 01933 234450.  

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