Annual Rent Increase ConsultationEach year Registered Social Landlords are required to consult with their tenants on any proposed rent increase. The rent increase for 2019/20 is due to take effect from the 1 April 2019.
In July 2018 ANCHO’s tenants voted overwhelmingly in favour of a new partnership with Cairn Housing Association. ANCHO’s shareholding members then voted unanimously in favour of the required rule changes at a Special General Meeting. Final consent for the partnership was received from the Scottish Housing Regulator and the Financial Conduct Authority and ANCHO became part of the Cairn Group in November 2018. The partnership between ANCHO and Cairn offered an affordable rent guarantee for five years, with lower rent increases than proposed by a stand-alone ANCHO. The Rent Guarantee promised:
CPI at September 2018 was 2.4% and in line with the Rent Guarantee the Management Board have decided to consult tenants on a 2.4% rent increase from 1 April 2019. |
What does increasing rents by CPI only (2.4%) look like?Average rents would go up by £1.95 per week for flats/houses and 16p per week for garages
We appreciate that no increase is ever welcome, but increasing rents by 2.4% allows us to keep our promise made in the Rent Guarantee to increase rents by CPI only, deliver the good service you enjoy today and deliver the accelerated investment commitments made in our partnership promises. We welcome your thoughts on the proposed increase. Your views will be reported back to the Management Board before they make the final decision on the rent increase that will be applied.
Please tell us what you think using the feedback form on this page or by completing and returning the feedback form (issued with the consultation letter) in the pre-paid envelope that was also enclosed. Responses should be made by Friday, 11 January 2019. |
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Contact UsANCHO Ltd
Sovereign House, Academy Road, Irvine, Ayrshire, KA12 8RL
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Opening hoursMon: 9.00am - 5.00pm
Tue: 9.00am - 5.00pm Wed: 9.00am - 5.00pm Thu: 9.00am - 5.00pm Fri: 9.00am - 5.00pm |
Company InformationRegistered Society under the Co-operative and Community Benefit Societies Act 2014
No 2559R(S) Scottish Housing Regulator No 306 Recognised as a Scottish Charity No SC036082 Registered property factor PF000346 |
Our mission is to create neighbourhoods where people want to liveANCHO is part of Cairn Housing Group
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