About your rent

We have a large number of shared ownership and Homebuy schemes. The way that your rent is assessed depends on the particular type of shared ownership scheme and lease used at the time your property was completed.

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Your lease may state that your rent is fixed by the Rent Officer. The Rent Officer is independent from Stonewater.. Leases originally granted before 1988 would require the rent to be registered every two years in this way.

Leases originally granted after 1988 can be set by Stonewater without registration, however the terms and mechanism of the increase will be specified in the lease. This method of rent increase is calculated annually in line with inflation.

How to pay your rent

Your rent is due on the first day of the month and is paid in advance. The rent is payable by Direct Debit from your Bank or Building Society Account. Banks and Building Societies do not charge for this service if your account is kept in credit.

The way that your rent is assessed depends on the particular type of shared ownership scheme and lease used at the time your property was completed.

Your lease may say that your rent is fixed by the Rent Officer who is independent from Stonewater. Leases originally granted before 1988 would require the rent to be registered every two years.

Leases can be set by Stonewater without registration, however the terms and mechanism of any increase will be specified in the lease. Any rent increase is calculated annually in line with inflation.

Rent Arrears

If you cannot pay your rent you must contact Stonewater immediately and make arrangements to clear your debt. You should also let your lender know. We will consult your lender if you are in arrears with your rent.

You can always obtain confidential help from Stonewater or from your local Citizens Advice Bureau. A debt advice leaflet is available on request from Stonewater.

It is essential that you pay your rent. Non-payment could eventually lead to losing your home.