The government sets overall rent bands using something called 'rent restructuring'. This means that homes of a similar age, value and type, and in the same area will have similar rent.
We then decide the rent each year for our properties, and send you a statement showing the amount you need to pay.
How much you pay is based on:
- the number of bedrooms in your home
- the average wage in the area compared to the UK as a whole
- how much your home was worth in January 1999
- the national average rent
- the national average property value
Rent is payable in advance so not all credit will lead to a refund.