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What is affordable renting
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I see this posted a lot on housing associations adverts so wanted to chuck this bit in there. Tunbridge Wells is currently having a lot of new flats/ houses built. A friend has a 1 bed flat in one of these roads, he pays £80 per week, yet the same road a new flat there is charging £140 per week affordable rent. They are both owned by the same housing association so how can they justify the huge difference? |
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By (user no longer on site)
over a year ago
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"I see this posted a lot on housing associations adverts so wanted to chuck this bit in there. Tunbridge Wells is currently having a lot of new flats/ houses built. A friend has a 1 bed flat in one of these roads, he pays £80 per week, yet the same road a new flat there is charging £140 per week affordable rent. They are both owned by the same housing association so how can they justify the huge difference? "
.
Market price?
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The £80 a week sounds incredibly cheap maybe the new one is inline with average prices, I was shocked to find out how little some do pay rent or maybe shocked that I didn't realise how expensive it is here.
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"I see this posted a lot on housing associations adverts so wanted to chuck this bit in there. Tunbridge Wells is currently having a lot of new flats/ houses built. A friend has a 1 bed flat in one of these roads, he pays £80 per week, yet the same road a new flat there is charging £140 per week affordable rent. They are both owned by the same housing association so how can they justify the huge difference? "
You should ask the housing association there, they will have a proper schedule of why the differing costs.
Will help ease your gripe about it with the proper answer rather than us here guessing mate. |
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By (user no longer on site)
over a year ago
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Private renting prices in my area are sky high and because i don't have kids i can't get a place on the council. So my only option is to live with family. |
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By (user no longer on site)
over a year ago
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Private landlords charge almost double than the housing association my daughter rents from. Her place is brand new and part of a scheme by the Government for builders to buy land for development and offer some of the properties as affordable housing. They are more costly than council properties though. |
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By (user no longer on site)
over a year ago
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"Private renting prices in my area are sky high and because i don't have kids i can't get a place on the council. So my only option is to live with family."
Even one rooms in shared houses are above a lot of young people's affordability. |
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By (user no longer on site)
over a year ago
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From what I remember affordable rents are the governments way of bringing rented properties to the same rents. Housing association and council rents have always been cheaper than private rents. If you check you'll find that affordable rent prices will be similar to private rents so you are no better off renting social properties |
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By (user no longer on site)
over a year ago
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"From what I remember affordable rents are the governments way of bringing rented properties to the same rents. Housing association and council rents have always been cheaper than private rents. If you check you'll find that affordable rent prices will be similar to private rents so you are no better off renting social properties "
Ours aren't,it's why they are called affordable,even though some people still need to claim housing benefit to live there. It's cheaper for the Government to pay housing benefit on flats that are almost half the cost of private landlords. |
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By (user no longer on site)
over a year ago
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Pretty much anywhere that has close commuter links to London will have a higher rent.
The north south divide is just silly. I rent a 2 bed apartment here in Hove and my landlord has it on the market for £250k. I have family up north and a massive 3 bed semi with garden there is £119k
Not so long ago I was renting a 1 bed flat with a little garden for £725. A 5 minute drive north of the Downs and I could have had an entire cottage in its own grounds for that price!
Just ridiculous.
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Affordable rents is a new scheme designed to raise money for building additional social housing. The rents are higher, but all the extra has to go towards building new properties. It is applicable to new social housing, but not existing stock.(hence the difference)
(£80pw for Kent does sound incredibly cheap tho')
If I remember rightly it is also linked to LHA. |
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By (user no longer on site)
over a year ago
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"I paid £1500 for a 1 bed flat in east London. My colleagues pay up to £2500 for west/south London.
£80 a week seems ridiculously cheap for anywhere. "
£1500 a month, not a week. I'm not minted. |
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It is def £80 a week, there are 3 bed houses here for £138 per week, I will stress these are council properties so not everyone can get on the list. They do try to send people down the private renting route purely because the wait for a council property is so long |
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"I paid £1500 for a 1 bed flat in east London. My colleagues pay up to £2500 for west/south London.
£80 a week seems ridiculously cheap for anywhere. "
Interesting perspective? Why people clammer to England's capital to be fucked over financially is beyond my lil blond brain , I think it's greed
Many towns have living under 300 a month and if people inhabitanted these areas there would then be more demand for local services and more jobs
400 a month is plenty accross real England for an individual to get a single bed apart of ok quality in our area dire is 200 a month 3 bed houses are 650
So no 80 is not cheap it is London and South east hot spots which are expensive , and in my opinion rather than bitch people should move and give other parts of the uk a chance ofprosperity xxx |
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By (user no longer on site)
over a year ago
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House prices have been pushed up by demand. Soon there will be no more land to build in and around London. It's not greed that makes people come here to live,it's work. |
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"House prices have been pushed up by demand. Soon there will be no more land to build in and around London. It's not greed that makes people come here to live,it's work. "
It's not work there is plenty around the country and if people did not clammer to London there would be more |
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By (user no longer on site)
over a year ago
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"I paid £1500 for a 1 bed flat in east London. My colleagues pay up to £2500 for west/south London.
£80 a week seems ridiculously cheap for anywhere.
Interesting perspective? Why people clammer to England's capital to be fucked over financially is beyond my lil blond brain , I think it's greed
Many towns have living under 300 a month and if people inhabitanted these areas there would then be more demand for local services and more jobs
400 a month is plenty accross real England for an individual to get a single bed apart of ok quality in our area dire is 200 a month 3 bed houses are 650
So no 80 is not cheap it is London and South east hot spots which are expensive , and in my opinion rather than bitch people should move and give other parts of the uk a chance ofprosperity xxx"
Are you calling me greedy?
I want a commute less than 30 minutes so I can do things with my life other than work. Perhaps living nowhere near London you have no idea what renting is like.
£80 is cheap. I wasn't bitching, I think someone who complains at ~£100 a week rent is entitled. |
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Depends how long he has been living there and how old his tenancy is, it will be cheaper soon as LA and HA's have to reduce their rent soon. I know people who live in LA houses that only pay £98 a week for a 3 bed house. |
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"I paid £1500 for a 1 bed flat in east London. My colleagues pay up to £2500 for west/south London.
£80 a week seems ridiculously cheap for anywhere.
Interesting perspective? Why people clammer to England's capital to be fucked over financially is beyond my lil blond brain , I think it's greed
Many towns have living under 300 a month and if people inhabitanted these areas there would then be more demand for local services and more jobs
400 a month is plenty accross real England for an individual to get a single bed apart of ok quality in our area dire is 200 a month 3 bed houses are 650
So no 80 is not cheap it is London and South east hot spots which are expensive , and in my opinion rather than bitch people should move and give other parts of the uk a chance ofprosperity xxx
Are you calling me greedy?
I want a commute less than 30 minutes so I can do things with my life other than work. Perhaps living nowhere near London you have no idea what renting is like.
£80 is cheap. I wasn't bitching, I think someone who complains at ~£100 a week rent is entitled. "
I was not bitching I was purely asking a question, sorry |
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By (user no longer on site)
over a year ago
|
"I paid £1500 for a 1 bed flat in east London. My colleagues pay up to £2500 for west/south London.
£80 a week seems ridiculously cheap for anywhere.
Interesting perspective? Why people clammer to England's capital to be fucked over financially is beyond my lil blond brain , I think it's greed
Many towns have living under 300 a month and if people inhabitanted these areas there would then be more demand for local services and more jobs
400 a month is plenty accross real England for an individual to get a single bed apart of ok quality in our area dire is 200 a month 3 bed houses are 650
So no 80 is not cheap it is London and South east hot spots which are expensive , and in my opinion rather than bitch people should move and give other parts of the uk a chance ofprosperity xxx
Are you calling me greedy?
I want a commute less than 30 minutes so I can do things with my life other than work. Perhaps living nowhere near London you have no idea what renting is like.
£80 is cheap. I wasn't bitching, I think someone who complains at ~£100 a week rent is entitled.
I was not bitching I was purely asking a question, sorry"
I was replying to someone else, I wasn't accusing you of bitching. |
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"I paid £1500 for a 1 bed flat in east London. My colleagues pay up to £2500 for west/south London.
£80 a week seems ridiculously cheap for anywhere.
Interesting perspective? Why people clammer to England's capital to be fucked over financially is beyond my lil blond brain , I think it's greed
Many towns have living under 300 a month and if people inhabitanted these areas there would then be more demand for local services and more jobs
400 a month is plenty accross real England for an individual to get a single bed apart of ok quality in our area dire is 200 a month 3 bed houses are 650
So no 80 is not cheap it is London and South east hot spots which are expensive , and in my opinion rather than bitch people should move and give other parts of the uk a chance ofprosperity xxx
Are you calling me greedy?
I want a commute less than 30 minutes so I can do things with my life other than work. Perhaps living nowhere near London you have no idea what renting is like.
£80 is cheap. I wasn't bitching, I think someone who complains at ~£100 a week rent is entitled.
I was not bitching I was purely asking a question, sorry
I was replying to someone else, I wasn't accusing you of bitching."
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"I paid £1500 for a 1 bed flat in east London. My colleagues pay up to £2500 for west/south London.
£80 a week seems ridiculously cheap for anywhere.
Interesting perspective? Why people clammer to England's capital to be fucked over financially is beyond my lil blond brain , I think it's greed
Many towns have living under 300 a month and if people inhabitanted these areas there would then be more demand for local services and more jobs
400 a month is plenty accross real England for an individual to get a single bed apart of ok quality in our area dire is 200 a month 3 bed houses are 650
So no 80 is not cheap it is London and South east hot spots which are expensive , and in my opinion rather than bitch people should move and give other parts of the uk a chance ofprosperity xxx
Are you calling me greedy?
I want a commute less than 30 minutes so I can do things with my life other than work. Perhaps living nowhere near London you have no idea what renting is like.
£80 is cheap. I wasn't bitching, I think someone who complains at ~£100 a week rent is entitled. "
Yes but why do you want to work in the hell hole which is London when you have to earn over 20000 after tax just to pay for the accommodation.? The lure of making nett more money than you could anywhere else in the country must play a part , the reality is most people earn nett less than if they located to a cheaper and more friendly place to live
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By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
There are different types of rent in the social rented sector.
The general rule of thumb is that it will be 80% of the local market value (rather than 100%) but there are lots of factors that may mean it is a lot lower than that. This includes the rents being set when the market rate was lower.
There are intermediate rents are assured shorthold tenancies that are available on refurbished or re-lets and will be 80% of market rate for that period.
The Chancellor has said that housing associations rents now have a 1% cut. This doesn't affect the private rented sector is designed to reduce the housing benefit bill without affecting private landlords ability to make a profit (that's my cynical interpretation).
London needs rent capping.
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By *icketysplitsWoman
over a year ago
Way over Yonder, that's where I'm bound |
"I paid £1500 for a 1 bed flat in east London. My colleagues pay up to £2500 for west/south London.
£80 a week seems ridiculously cheap for anywhere.
Interesting perspective? Why people clammer to England's capital to be fucked over financially is beyond my lil blond brain , I think it's greed
Many towns have living under 300 a month and if people inhabitanted these areas there would then be more demand for local services and more jobs
400 a month is plenty accross real England for an individual to get a single bed apart of ok quality in our area dire is 200 a month 3 bed houses are 650
So no 80 is not cheap it is London and South east hot spots which are expensive , and in my opinion rather than bitch people should move and give other parts of the uk a chance ofprosperity xxx
Are you calling me greedy?
I want a commute less than 30 minutes so I can do things with my life other than work. Perhaps living nowhere near London you have no idea what renting is like.
£80 is cheap. I wasn't bitching, I think someone who complains at ~£100 a week rent is entitled.
Yes but why do you want to work in the hell hole which is London when you have to earn over 20000 after tax just to pay for the accommodation.? The lure of making nett more money than you could anywhere else in the country must play a part , the reality is most people earn nett less than if they located to a cheaper and more friendly place to live
"
London is and has been my home for over 45 years. My family and life are here. That's the case for millions of people.
London is a lure for people as it's a fantastic city. Just because you don't think so doesn't alter the fact that it is a city the world wants to see and experience.
Socially cleansing London and leaving it to the rich and off-plan foreign buyers is only countered by us continuing to live here and fighting for London to remain a real place for real people. |
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By (user no longer on site)
over a year ago
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If people started relocating in there thousands the jobs have to be there. If the government did invest in other areas to create jobs it wouldn't be long before house prices and rents went up,pricing people out and pushing them to claim housing benefit. |
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By (user no longer on site)
over a year ago
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"I paid £1500 for a 1 bed flat in east London. My colleagues pay up to £2500 for west/south London.
£80 a week seems ridiculously cheap for anywhere.
Interesting perspective? Why people clammer to England's capital to be fucked over financially is beyond my lil blond brain , I think it's greed
Many towns have living under 300 a month and if people inhabitanted these areas there would then be more demand for local services and more jobs
400 a month is plenty accross real England for an individual to get a single bed apart of ok quality in our area dire is 200 a month 3 bed houses are 650
So no 80 is not cheap it is London and South east hot spots which are expensive , and in my opinion rather than bitch people should move and give other parts of the uk a chance ofprosperity xxx
Are you calling me greedy?
I want a commute less than 30 minutes so I can do things with my life other than work. Perhaps living nowhere near London you have no idea what renting is like.
£80 is cheap. I wasn't bitching, I think someone who complains at ~£100 a week rent is entitled.
Yes but why do you want to work in the hell hole which is London when you have to earn over 20000 after tax just to pay for the accommodation.? The lure of making nett more money than you could anywhere else in the country must play a part , the reality is most people earn nett less than if they located to a cheaper and more friendly place to live
"
Because I want to be successful and not just exist. I don't want to do the bare minimum I have to do to get by. I'd rather live comfortably and do a job I love.
Plus I love London. Perhaps you finding it unfriendly is due to you and how you're perceived. |
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By *D40Couple
over a year ago
Wolverhampton |
"From what I remember affordable rents are the governments way of bringing rented properties to the same rents. Housing association and council rents have always been cheaper than private rents. If you check you'll find that affordable rent prices will be similar to private rents so you are no better off renting social properties "
I have to say maybe the difference between the affordable and private landlords is security?
Private landlords give you a 6/12 month tenancy agreement and if they want the property back you set to looking for a new home again. Housing association gives mo security...
That is my experience
Mrs _d40 |
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By (user no longer on site)
over a year ago
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"I see this posted a lot on housing associations adverts so wanted to chuck this bit in there. Tunbridge Wells is currently having a lot of new flats/ houses built. A friend has a 1 bed flat in one of these roads, he pays £80 per week, yet the same road a new flat there is charging £140 per week affordable rent. They are both owned by the same housing association so how can they justify the huge difference? "
The difficult word here is "justify."
No one acting as a landlord owes you a favour, even if the landlord is a housing association.
If they did not make a profit of some sort, they would be bankrupt and unable to operate.
Without wanting to sound more like a capitalist dog of running imperialism, it costs a lot to buy a property in most places and a return on investment is necessary.
The rents that you are suggesting may or may not be expensive for your area. You would be lucky to get half a garage here for that.
If you find something cheaper that you can tolerate living in, then go for it. It is a market economy. Housing Associations are great assets but they too need to survive. |
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"I see this posted a lot on housing associations adverts so wanted to chuck this bit in there. Tunbridge Wells is currently having a lot of new flats/ houses built. A friend has a 1 bed flat in one of these roads, he pays £80 per week, yet the same road a new flat there is charging £140 per week affordable rent. They are both owned by the same housing association so how can they justify the huge difference? .
Market price?
"
Greed? |
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By (user no longer on site)
over a year ago
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"Err, I live in Newcastle and both £80 and £140 sound pretty cheap for rental to me too. "
I agree, that sounds pretty cheap! I live in Bristol and pay out of my arse for a 1 bed place to myself. (Almost £200 per week, without bills) |
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By (user no longer on site)
over a year ago
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We rented briefly...£450 per month in what I'll say was a bit of a shithole.
Moved back in with parents to save up to get a deposit down on a house, £245 per month, in a ridiculously nice spot...much happier here  |
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By (user no longer on site)
over a year ago
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"I see this posted a lot on housing associations adverts so wanted to chuck this bit in there. Tunbridge Wells is currently having a lot of new flats/ houses built. A friend has a 1 bed flat in one of these roads, he pays £80 per week, yet the same road a new flat there is charging £140 per week affordable rent. They are both owned by the same housing association so how can they justify the huge difference? "
If anything the new house should be cheaper because that will have a cheaper market value. My 3 bed is worth £40,000 if i want to buy it. It's made out of cardboard and MDF and i wouldn't purchase this piece of shit tbh.
The older houses will be cheaper because the rent only goes up each year by what is allowed and considered a fair rise. The new house they're just charging more coz they can and want to make more money. |
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By (user no longer on site)
over a year ago
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If they're both owned by the same housing association the difference in price might reflect services included or size. Probably not a decision led by the housing market.
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By (user no longer on site)
over a year ago
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"It is def £80 a week, there are 3 bed houses here for £138 per week, I will stress these are council properties so not everyone can get on the list. They do try to send people down the private renting route purely because the wait for a council property is so long"
That rent sounds about right as the housing association I left with redundancy took on some affordable rent flats and houses and the rental was similar as I questioned how they could be affordable when clearly they didn't match normal social rents |
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By (user no longer on site)
over a year ago
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Affordable rented housing is owned and let by housing associations and homes are managed and maintained in the same way as social rented homes, but higher rents can be charged (up to 80% of open market rent). Because more rent is charged, the housing providers can generate income to help build more homes. (which is what someone has said)
For market rents, Wikipedia says 'Fair Market Rent is a term in real estate that indicates the amount of money that a given property would command, if it were open for leasing at the moment. The term is primarily used in the United State'. I also found this from the Business Dictionary that says 'Amount of money a property would rent or lease for if it was available at this time. The fair market rent is used by the Housing and Urban Development to determine how much rent should be covered through Section 8 for individuals with low income, and is sometimes used by tax appraisers to determine tax rates.' |
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