Rateable value or meter?
in Water bills
5 replies 1.5K views
in Water bills
I am moving house in few weeks and the house I am buying is a 5 bed house and has no water meter. The rateable value for water in that house is over £1200 per year (Severn trent water). We are two adults and 3 children and in our current 4 bed house we have a water meter and the bill comes to around £30 per month roughly. Do you think it is a good idea to ask for a meter in the new house? I feel that even if we double our water use, still it will cost less than £1200 if we get a meter
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The average consumption for 5 persons in UK is approx. 250 cubic metres PA.(many say they use far less). On that consumption with ST you would pay £630 pa. You could also have to pay up to an additional £80 pa for Surface Water Drainage if liable.
No contest if your RV based charges would be £1,200pa.
Until you come to sell and the next occupant gets shafted with a meter.
Debt Cleared since 01/12/15: £6,000 / £7,500
In the case described above it wouldn't matter. The house would need 10 occupants using 50 cubic metres each before RV becomes cheaper than a meter. Generally the more occupants a property has the less water is used per person so even with 10 occupants it's likely the bill would be exactly the same.
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money.
It's your choice - I'd be paying well over £500 on RV, only £300 with a meter so there's no contest as far as I'm concerned