Here’s something you don’t hear very often – council tenants will soon be notified of a decrease in their council rent!
According to the recent Wolverhampton Homes ‘tenants update’ newsletter, the UK government announced in March this year that the national average guideline for rent increases for 2009/10 would be halved from 6.25% to 3.18%.
This reduction affects everyone who was a council tenant on or after 6th April 2009, and Wolverhampton Homes tenants will receive letters informing them of their new rent in the next few weeks.
3 replies on “Rent decrease for Wolverhampton Homes tenants”
So the rent is still going to go up, but just not by as much?
"the UK government announced in March this year that the national average guideline for rent increases for 2009/10 would be halved from 6.25% to 3.18%."
Or have i got this wrong?
Yes, rent is still going up (as it does every year) – but the amount by which it's going up by has been reduced (halved in fact), so in the end tenants will be paying less than they would have been.
Basically the rent reduction is giving all tenants a refund. But there is a screw in the works….. In july Wton Homes announced that residents will pay there rent 1 week in advanced instead of 1 week in arrears as it was previously. Thus meaning the rent decrease refund for 09/10 will actually still be in the councils pocket because of the 1 week everyone is in arrears for due to the change.
All of this is from the Wolverhampton Homes Tenants Update Newsletter that come to all residents last week.