What your rent pays for

One of the most asked questions we receive is “What does our rent pay for?” Well, now you can find out.

Your rent helps to pay for many of the services you receive from us.
Using figures from the last financial year (April 2017- March 2018), we've put together the colourful chart below to show how each pound we receive is spent on providing services.

How we spend the money we receive

For each pound spent, 27p goes towards repairing and maintaining our customers’ homes.
Last year we spent 32p of every pound helping to build new homes; helping new and existing customers find the ideal home for their families.
10p goes towards our interest bill and repayment of the loans used to pay to build your home.