- How is my shared ownership rent change calculated?
The rent is the amount you pay on the share of your home that remains in the association's ownership.
For example, if you have bought a 60% share, you would pay rent on the remaining 40%.
The amount you pay will increase each year.
If your lease started before 2010:
Depending on the terms of your lease, most shared ownership rents increase by either the previous year’s September or November Retail Price Index (RPI) which was 1.1% and 0.9% respectively in 2020.
If your lease started after 2010:
Your rent increase will be subject to the February RPI rate, published in 2021, plus 0.5%.
You can find out more about the RPI on the Office for Nationals Statistics website.
- When will the new charges start?
- Rent and service charge change letters for leases which started before 2010: will be posted mid-February 2021.
- Rent and service charge change letters for leases which started after 2010: will be posted late-March 2021.
- For monthly rent and service charge, changes will apply from 1 April 2021
- I pay by direct debit - do I need to do anything?
NO. If you pay by direct debit we'll alter this for you and you'll receive notification directly from Allpay. Please check the details contained in this letter are correct.
- I pay by standing order - do I need to do anything?
YES. You'll need to contact your bank immediately to vary your payments.
- How do I view my rent account?
You can view your rent account online and update your personal information 24 hours a day, 7 days a week on our customer portal, MyHomeOnline.
If you haven't already, you can register on MyHomeOnline now.
Once your details have been verified, we'll email you your registration code so you can login and view your account.
- When should I pay my rent?
Your rent and service charge (if applicable) should be paid by the 1st of each month in advance. If you don't do this, your account will be in debt and you will receive arrears letters requesting payment in advance.
- What is a service charge?
A service charge is an amount payable in addition to the rent. This is to cover the costs of services and repairs in shared (communal) areas.
The exact services you pay for will be set out in your lease, but might include:
- Gardening and grounds maintenance of communal areas.
- Provision charges, such as repairs to communal car parking areas, private roads and pathways. This would also include items outside of an annual gardening contract such as major tree works.
- Repairs to communal facilities such as door entry systems.
- Lighting in communal areas.
- Sewage pump stations for waste water.
- Administration charges, such as to pay for the administration and management of our service contracts, paying contractors and other bills, and calculating and administering the charges.
- How is the service charge calculated?
The charge is calculated using the previous year’s actual costs, any known or estimated changes in costs for the current year, plus an adjustment for inflation.
This gives us an overall cost for the scheme, which is divided equally between the customers who receive the services. So, you will only pay for your share of the services you receive.
You'll receive details of your annual service breakdown with your annual rent letter.
- What are ‘Service charges – summary of rights and obligations'?
When we send you a request for service charge payment or your charge has been varied, we have to enclose a summary that sets out your rights and obligations. You can read the ‘Service charges – summary of rights and obligations' online
- What if I don’t agree with the service charge?
If you don’t agree with the service charge, please talk to us first and we’ll try to find a way forward.
If we are unable to reach an agreement, we would recommend you seek independent advice such as Citizens Advice.
If you think you're being charged unfairly, you may be able to apply to the First-Tier Tribunal to determine whether you are liable to pay service charges. Take a look at the ‘Service charges - summary of rights and obligation’ document for further information.
- Consulting you on major work - Section 20
There may be occasions when we need to carry out major works on apartment blocks or on communal areas on an estate, which leaseholders (including shared owners) may be required to pay towards.
Section 20 consultation
Under Section 20 of the Landlord & Tenant Act 1985, we're required to consult with leaseholders if the works will cost any one leaseholder more than £250, or for any new service (for example ground maintenance) that lasts longer than 12 months and will cost any one leaseholder over £100.
Find out more about the Section 20 consultation process.
- How do I pay my rent?
We offer several ways to pay your rent.
Take a look at our how to pay your rent page.
- Housing Benefit and Universal Credit
Do you receive Housing Benefit?
If you receive Housing Benefit you can have it paid direct to us.
If you do not receive the full amount to cover all your rent, then you'll need to make up the difference by an alternative payment method.
You must notify the Housing Benefit department of your local council about your rent increase immediately.
Do you receive Universal Credit?
If you’re claiming Universal Credit you must let the Department for Work and Pensions know about this change in rent – to ensure you receive all the benefits you’re entitled to.
To do this, update your online journal. You may also receive a ‘To do’ notification in your journal to remind you.
If your Housing Benefit or Universal Credit stops for any reason and you begin to fall into arrears we will begin our arrears recovery procedure.
Not claiming Universal Credit or Housing Benefits?
You may be entitled to Housing Benefit or Universal Credit to help pay your rent if you're on a low income or claiming welfare benefits. The amount you receive will depend on your income, savings and family circumstances.
We can offer assistance to complete forms and refer you to the relevant agencies and/or advice centres.
However, the responsibility to apply for Housing Benefit or Universal Credit, and to make sure it's being paid is yours, even when benefit is being paid direct to us.
Find out more about these benefits on our support pages.
Further information about benefits and welfare reforms
Take a look at out financial support webpages for further information and advice on Universal Credit and other benefit changes.
- What if I'm struggling to pay my rent and service charge?
We're here to help
Whether you’re in employment or in receipt of benefit payments, money issues can affect anyone and if you're having difficulties paying your rent, we’re here to help.
We understand it's a stressful situation, and the longer you leave it the worse the situation will get. We can help you with benefits and discuss how to manage your payments. We can also tell you about agencies who offer free and independent money advice to help you manage your debt.
What happens if I fall behind on my rent payments?
We'll do all we can to help and support you manage your rent payments. Find out more about what happens if you think you will fall behind.
Where else can I find help?
There are also lots of free services available online and in your community. You’ll find lots of links on our support pages to a range of support agencies, tools and information to help you manage your money and make sure you’re receiving all the benefits you’re entitled to.
- Do you need more information?