Where your rent goes
The rent you pay to us is used to primarily maintain your home. In 2007, 44% of your rent was used on general repairs and maintenance. In addition, it goes towards manage your housing service (15%) and the services we provide to you (11%). In 2007, 24% of your rent was used on interest to repay the money borrowed to build or modernise your home.
Below is a breakdown of where each £ of your rent went last year.
|
2007 |
2006 |
2005 |
Maintenance |
44p |
41p |
45p |
Interest |
24p |
27p |
23p |
Management |
15p |
14p |
14p |
Services |
11p |
11p |
11p |
Cash for reinvestment |
1p |
3p |
2p |
Depreciation |
3p |
3p |
3p |
Bad debts |
1p |
1p |
1p |
Other |
1p |
0p |
1p |
Total |
£1 |
£1 |
£1 |
Some residents and leaseholders have to pay service charges as part of their rent. Service charges help towards paying for the management of services such as caretakers, estate management and communal areas.