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Wednesday, February 12, 2025

Lincoln: Council-owned social housing rents could increase from April

There are around 7300 social-rent properties in the city, and another 440 on affordable rent.

Rent for council-owned social housing in Lincoln is likely to rise by at least £79 from April.

The City of Lincoln Council is proposing a 2.7 per cent increase, which would be implemented at the start of the next financial year.

This year’s proposed increase would be the lowest in four years thanks to a fall in inflation.

From April, the cost of a one-bed property (the most common type) would increase by £79 for the year.

A two-bed property would go up by £88.34; a three-bed property by £97.53 and a four-bed by £103.85.

These are all equivalent to an increase of between £2 and £3 per week.

Affordable rent properties – which are typically set at 80 per cent of the market rate – are also set to rise by between £128 for a one-bed property to £234 for a five-bed.

There are around 7300 social-rent properties in the city, and another 440 on affordable rent.

The cost of a garage would increase by three per cent to £9.27 per week.

A proposed increase will be discussed at the council’s Executive meeting next week (January 20), before it is approved by full council.

The limit on social housing rents increases are tied to the level of inflation, and is set at 2.7 per cent for this year.

For the last two financial years, the city council increased it by 6.5 per cent (2023/24) and 7.7 per cent (2024/25).

•  Lincoln: Rough sleepers rising on city streets amid ‘housing crisis’

 

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