North Hertfordshire Homes announces rent rise
14:07 02 March 2012
THE largest social landlord in North Hertfordshire has announced an increase in rent and service charges.
Tenants of North Hertfordshire Homes face a 6.1 per cent rise in rent each week, with an average three bedroom house increasing from £98 to £106 per week.
There will also be a hike in charges for services such as lift repairs and ground maintenance.
Both costs are subject to a government regulated formula, as well as a small adjustment towards the target rent set for every social home.
Nathan Mallows, director of finance at North Hertfordshire Homes, said: “Announcing increases is always a difficult communication, but I want to reassure tenants that our average rents will still be much lower compared with average rents across the district. For example, a three bedroom house averages at £205 per week.
“We appreciate that the increases are challenging especially at this time, and we hope that low rents, high tenant satisfaction ratings and assured tenancies demonstrate good value for money, and offer some peace of mind.”
Any tenants who are having difficulty paying their rent should contact their landlord. Organisations such as the Black Squirrel Credit Union and the Citizens Advice Bureau are also available for independent advice.
Linda Albert, deputy manager at North Herts Citizens Advice Bureau, said: “We recognise that the increase in rent will put further pressure on low income households that are already struggling to make ends meet. North Herts Citizen’s Advice Bureau will continue to work closely with North Hertfordshire Homes’ tenants to give support to those who are in financial difficulty and are struggling to pay their rent.”