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Rent Increase
Poppy15
Posts: 20 Forumite
I live in a shared ownership property where I pay rent on 75% of the property. The housing association have today advised that the rent will be increased but they will not confirm by how much. Does anyone know the maximum they are allowed to increase this by? I live alone and work full time but am worried about how much the potential increase could be.
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I live in a shared ownership property where I pay rent on 75% of the property. The housing association have today advised that the rent will be increased but they will not confirm by how much. Does anyone know the maximum they are allowed to increase this by? I live alone and work full time but am worried about how much the potential increase could be.
It'll usually be in line with inflation plus no more than a couple of percent, if that. Shouldn't be anything to worry about.
The housing association annual rent increases are usually quite reasonable when compared with private landlords who set the rent based on supply and demand.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Thank you for your help, that is reassuring to know.0
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Have you read your contract with them? It should tell you.0
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