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Rent setting for 2022/23

By Shona Mitchell, SFHA Policy Lead.

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Members are nearing the end of their rent setting consultations for the forthcoming financial year, following months of discussions and calculations.

With concerns around the cost of living, the ongoing impact of the pandemic and high rates of inflation – the process has been as challenging as ever.

SFHA continues to regularly engage with government and the regulator on issue of rents and affordability as well as cost challenges facing the sector. In order to best inform this work, we are, once again, surveying members on their rent considerations for the year ahead. For those who have not sent details of proposed increases, you can do so here. The survey takes less than two minutes to complete, and the information is valuable in our discussions with stakeholders. Individual landlord information is not provided to government or SHR.

The SFHA and Housemark rent setting and affordability tool has again been well used in the sector this year. Recent changes made to the tool include rent data for the current year by both provider and by LA – thereby giving a much more accurate rent figure that accounts for differences in geography – as well as updates to include the new ASHE, updates to the minimum income standard, average Universal Credit claims and also the new national and Living Wage rates which will apply from April 2022.

If you’d like to discuss rents and affordability with SFHA, you can contact me via smitchell@sfha.co.uk

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