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20:18 on Monday
30 December 2002

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Minster among leaders for low rents


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 regionally.

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 central region.

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 respectively.

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.”

April 2002

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Contact:
Tim Hawkes
Minster General Housing Association 
Tel: 01733 349800

Minster General Housing Associations

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