Your rent

From April 7, the average rent increase for 2008 will rise by £3.10 to £66.99 a week. As promised in the offer document before the housing transfer Cross Keys Homes' rents will increase in line with a Government formula.
This formula uses the September 2007 rate of inflation of 3.9% plus adjustments for the number of bedrooms, the property value and average local incomes, to arrive at a 'target' rent for each property. Most of our rents are currently below target and we have to ensure that rents increase at a steady rate to hit target by 2012.

Below is a table which shows the average rent across Peterborough by the number of bedrooms and the percentage average increase.

Bedrooms	Rent	Increase
bedsit	£51.62	4.98%
1	£58.88	5.32%
2	£69.34	4.70%
3	£73.25	4.62%
4	£76.53	4.55%
5	£76.92	3.99%
6	£88.29	3.94%

The above table does not include increases to any extra charges you may pay such as Lifeline or for a caretaker service. All tenants should have received a personal rent increase statement in March.