A social landlord with more than 2,500 homes across Dumfries and Galloway is set to increase rents by up to seven per cent.The move would see the weekly rent for a four-bedroom house with Loreburn Housing Association rising by £8.16 to £124.75 – when the cost-of-living crisis is already biting hard.It is also warning of “a bleak prospect of underfunding in homes” and deferring investment plans as a long-term result of a rent increase of below the current 10.7 per cent level of inflation.In a letter to residents, Loreburn Management Committee convener Russell Brown said: “Though this is unwelcome news to everyone, we feel it only right that we are realistic and transparent about the future.”Loreburn has invited every tenant to take part in a rent consultation with two proposals on the table – an increase of either 6.5 per cent or seven per cent for the financial year 2023/24.They were asked to return the paper survey or complete it online, or email or phone by yesterday.Loreburn has stated that its management committee will consider the feedback before making a final decision.Emergency legislation by the Scottish Government in November has restricted rent increases across Scotland until this coming April so it has only now been able to consult with tenants.Loreburn put up rents by two per cent for 2022/23 after price freezes in 2017/18 and 2018/19.Mr Brown said that increasing rents by 6.5 per cent or seven per cent would be “the minimum level” at which they could still operate and continue with “at least some (though not all) of plans for investment works”.He described the proposed rent-setting hike as “one of the most difficult we have faced when we consider the impact of rising costs and inflation and the financial
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.