We set our rents following strict guidelines set by the government and the Regulator for Social Housing. Each housing association’s Board makes its own decision about what rent they charge, following the guidelines, and the amount must cover our costs for providing services to customers and investing in homes.
Housing associations are allowed to increase their rents by up to CPI (Consumer Price Index) inflation plus 1% each year. Housing associations cannot raise their rents more than that by law, and this includes Magna.
