Posted 08.02.2021

Our Rents & Service Charge

The Welsh Government said we must set rents and service charges that ensures our homes remain affordable and deliver value for money.

You told us that our flats should be cheaper than our houses, and older properties should cost less than new properties. You thought we need to take household income as well as property size into account when setting rents. You also told us that the quality of services was more important than the cost. When asked, 90% of tenants are satisfied that rents are value for money and 78% that service charges are value for money.

Your Views

  • We survey 500 tenants by telephone each year to get feedback
  • We hold tenant events on affordability every year, last November we held a weeklong virtual tenant conference which included a day dedicated to rents and service charges. We consult with tenants on service changes      
Affordability

  • We compare our rent affordability to households on low income
  • We review whether the amount of rent increase is reasonable

Fairness           

  • Our older properties are cheaper than newer more energy efficient homes
  • Rents on flats are less than rents on houses
  • Rents reflect typical household incomes for property size
  • We make sure our rents are reasonable and in line with other social landlords and the private sector

Value               

  • We assess our performance against indicators set by tenants  and we publish this in our statutory accounts and on our website  which you can view here.
  • We assess our corporate performance against established social housing indicators and publish this on our website here
  • We compare our performance to other associations in Wales here
  • We are actively working to reduce or eliminate service charges and ensure value for money

Rent Uplift from 1st April 2021

This year our overall rent uplift is 1.46%.  The rent uplift varies depending on the property type and local authority area as our rents take account of local earning and the impact of service charges.

Cardiff and Powys - flats uplift is 0.4% and all other homes uplift is 0.65%.

Vale of Glamorgan and Rhondda Cynon Taff - flats uplift is 1.4% all other homes uplift is 1.65%.

Service Charges

We operate a fixed service charge system.  The way we ensure you are being charged fairly is to base the charge on actual contracts or if we must estimate it is based on previous year.   Any changes to the amount we pay for these services during the year is adjusted in your next years’ service charge.

For the second year running service charges have come down or stayed the same for more than 50% of our tenants. 

For more information or if you would like to discuss this with us, please contact us on enquiries@newydd.co.uk or 0303 040 1998

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