Below market rent
‘Below Market Rent’ covers ‘intermediate rent’, ‘rent to homebuy’, ‘near market rent’ and ‘mortgage rescue rented’.
How is below market rent calculated?
Your tenancy allows us to charge rent at a maximum of 80% of the full market rent in your area.
We use an independent valuer to carry out a review of the market rental values each year. We have capped your rent increase at up to 5%. If your rent is either at or near the market rental value, we will not charge you more than this. This means you may not see a full 5% increase.
Your rent total includes any services that you receive.
Ways to pay
There are lots of ways to pay your rent and service charge, so that making any payment to bpha can be as convenient and flexible for you as possible.
A frequently asked question to our Customer Communications Centre is what the options are to pay rent or service charges, click the button below for a quick guide.
Can I get help with my housing costs?
If you are on a low income, you could be entitled to Housing Benefit or Universal Credit to help pay your rent.
If you are of pensionable age or living in supported housing, then you could qualify for assistance from your local authority with some Housing Benefit.
If you are of working age you may be entitled to claim some Universal Credit to assist with your rent.
How much you receive will depend on your circumstances and current income.
You can apply for Housing Benefit/Universal Credit whether you are working or unemployed.
If your benefits are paid directly to you, you are responsible for paying your rent to us.
If your Housing Benefit or Universal Credit is cut, it is your responsibility to cover any shortfall. Please be aware that you are in danger of losing your home if your account is in arrears.
If you need any information about benefits, or help applying, please contact our Money Advice Team who will be able to help.
Are you worried about paying?
Do you have more questions?
Find more frequently asked questions by clicking the button below.
