You must pay your rent. If you do not then you may lose your home. If you are having difficulty paying your rent please let us know. The sooner you talk to us, the easier it will be for us to help you. We have specialist advisors who can help you make the most of your money and any benefit entitlements.
When to pay your rent
You have to pay your rent regularly in advance of when it is due. At the beginning of your tenancy we will ask you to pay your rent in advance. Please check your tenancy agreement or ask us for more details.
- we review your rent once a year
- we will give you advance notice of any changes.
Rent charges 2016-2017
You will have received a letter in February confirming what your rent will be from April 2016.
The government set out their budget on 8 July 2015 and as part of this it was announced that all rents paid in the social housing sector will be reduced by 1% a year for the next four years. The good news for residents, therefore, is that most rents will come down by 1% in April.
Your rent will be calculated based on your tenancy type as outlined below, but your letter will provide further details. There is also more information in the FAQ section.
General needs: -1.00%
Tenancies where a social housing rent is charged on either an assured or assured shorthold tenancy (summer 2015 Budget announcements)
Affordable Rent (ART): -1.00%
Tenancies created following the Welfare Reform Act 2012 where rents are set at up to 80% of the market value (summer 2015 Budget announcements)
Secure Tenancies: -1.00%
Tenancies that started before 1989 (summer 2015 Budget announcements – part of a separate process)
Mortgage Rescue: -1.00%
Tenancies where Hyde has purchased the properties and let them back to the original owner at an intermediate market rent (summer 2015 Budget announcements – part of a separate process)
Supported Housing Tenancies: 0.90%
Rented accommodation where there is an additional support need - for example, access to a warden or support worker. (Government announcement in January 2016 to exempt this tenure from the -1% Rent Reduction. To be increased by CPI plus 1%.)
Shared ownership: 1.3%
Tenancies where the customer owns a % of the property and pays rent on the remainder owned by Hyde (September 2015 RPI plus 0.5% measure from ONS)
Intermediate rent: Based on market review
Tenancies where rent is charged at 80% of market value (80% of market rent – calculated by Hyde New Homes – with increase capped to 20%)
Market rent: Based on market review
Tenancies where rent is charged at market value. (100% of market rent – calculated by Hyde New Homes with increase capped to 20%)
Garages, Parking Spaces, Licences, Allotments: 1.30%
September 2015 RPI plus 0.5% measure from ONS
This year 2016/17 we have also separated rent and service charges. If you do receive any services, you will be told about any changes to your service charges in a separate letter. You can find more information on service charges here.
If you have any questions once you receive your notification, please first read through the FAQs. If you still have a query, please contact us by emailing HydeRentLetters@hyde-housing.co.uk and we will reply within 48 working hours.