Rent Review 2025/26

Posted on 5th Dec 2024

Our aim has always been to keep rents as low as possible whilst ensuring the Association remains financially viable. We are keen to hear your views on our spending plans and on our proposed rent increase. Please read this article carefully and provide your views by 27 January 2025. The Management Committee will take account of your comments before agreeing its budget and rent increase at its meeting on 27 January 2025.

What is the proposed increase?

This year, we are proposing a rent increase of 4.3%.

For every 1% increase in rents Tollcross Housing Association collects around an additional £100,000. This income is used to pay:

the increasing costs of repairs & investment works.
borrowings from the banks that have been used to build new homes.
overheads needed to run the Association (e.g. staff salaries).

The cost of living crisis has had an impact on the Association's finances and rising costs have had a signficant imact on our 30-year projections.

Read more about our running costs and proposed budget figures here.

What does 4.3% increase mean for you?

Apartment size	Current average weekly rent	Proposed average weekly rent
2apt	£73.52	£76.68
3apt	£82.60	£86.15
4apt	£99.95	£104.25
5apt +	£111.70	£116.50

Whilst our rent increase may appear high to some of our tenants it is important to highlight that the Association still has some of the cheapest weekly rents available.

Every household is different and we recognise that a rent increase at this time will be difficult for many of our tenants. Therefore, we will ensure that:

We will seek to absorb at least some of the cost of inflation to protect the people we support.
Wherever possible, we will look to activate additional, specific support for those who need it most.

If you are a secure tenant the proposed rent increase will only be implemented when your rent increase on your 3 year cycle.

Average weekly rent (3apt property)

New Gorbals £102.18

West of Scotland £103.01

Shettleston £95.99

Tollcross £82.60

Molendinar £85.43

Milnbank £81.70

Have your say, complete the feedback form below by 20 January 2025.