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Every year your rent change is calculated based on Government guidelines and these vary for each type of rental product.
This year the Government has set these as follows:
Social Rent = the current rent minus 1%
Affordable Rent = the current rent minus 1%
Supported Rent (including sheltered) = the current rent plus 0.90% (based on September 2015 Consumer Price Index (CPI) +1%)
Shared Ownership = in line with the lease plus 1.30% (based on September 2015 Retail Prices Index (RPI) + 0.5%)
There is more information about paying your rent, the rent free weeks and how to win £1000 here.
Our rents are still lower than the private sector and lower than most other housing association rents in this area. Here is a breakdown of rent comparisons for the year 2014/15 which is the latest results collected.
If you are on Housing benefit, you will also receive a letter from your local authority stating how much housing benefit you will receive from April 2016. This letter may arrive after the letter from Aragon.
Once you have received both letters you will be able to work out if there is a difference in your rent and housing benefit. If there is a difference this will be your rent to to be paid from 1st April 2016.
If you do not amend your payment this could mean you are over paying your rent, or going into arrears if your rent has gone up.
Please contact our Customers Services Team who may be able to offer some help or advice and refer you to our free money advice service.
Find out more about My Place Portal.
Find out more about other ways to pay your rent.