Keeping Rents Affordable – Keeping Tenants Happy

ANCHO’s rents are still one of the lowest housing association rents in Ayrshire, despite an increase of 2.8% being applied to our base rent for the coming year.  

Rent is our only source of income, apart from some grants for wider action activities and to install medical adaptations.  Rents pay for the services and improvements provided to our tenants.

We try to keep our rents as low as possible, but costs go up every year and we have to make sure we have enough money to continue to provide an excellent service to our tenants.  For 2015/16 our Management Board agreed to increase our rents by 2.8%.  This will increase our income by £73,000 over the year - enough to keep pace with costs and do all of the improvements needed.  This equates to an additional £7.58 per month per tenant, on average.  And the good news is that 83% of our tenants still think our rent is good value for money.  This compares well with the Scottish average for 2013/14 of only 76%.