Latest figures compiled by the Housing
Corporation confirm Peterborough-based Minster General Housing
Association’s position as one of the best performers in the rented
housing sector. Minster owns and manages 1,700 properties in an area
that includes Northampton, Stamford, Oakham, Lincoln, King’s Lynn
and Huntingdon as well as Peterborough.
A comparison of average performance
figures across a wide range of criteria - from rent levels to re-let
times - puts Minster among the leaders both regionally and nationally
for low rents and high standards of service for its tenants.
Minster’s average rents across all
properties are among the lowest at £49.72 per week compared with
£51.17 charged by the top 25 per cent of housing associations
nationally and £54.80 for the 89 associations in the central region.
For a typical two-bedroom property Minster’s rents are again lower
than average at £51.05 compared with £52.04 nationally and £54.06
Minster’s most recent rent increase
was among the lowest at an average of 1.4 per cent compared with 1.5
per cent among the top 25 per cent nationally and 2.5 per cent in the
Minster kept average re-let times down
to just 1.9 weeks compared with 2.3 weeks among the top associations
nationally and 4.5 weeks across the central region. As a result
Minster also had lower levels of lost rent due to vacancies at 0.74
per cent of all rents, compared with 0.9 per cent and 1.81 per cent
Minster’s repair costs per dwelling
per week were also lower at £5.95 compared with £7.52 among top
performers nationally and £12.70 in the central region.
Minster chief executive Tim Hawkes
said: “These excellent results reflect the exceptional levels of
commitment and dedication by every member of Minster’s staff. As a
relatively small organisation we have to be very cost-effective in
managing the rent income we receive.
“While it is very gratifying to have
our hard work recognised in these Housing Corporation league tables,
we realise that we must constantly seek further improvements in
performance and efficiency for the benefit of our customers.
“In future rent levels will be
determined by government guidelines that will impose standardisation
across similar local authority and housing association properties in
each area. However, we are committed to maintaining and, where
possible, improving standards of service for all Minster tenants.”