In theory, Social Rent is the dream. It’s calculated as about 50-60% of the market rent in your area, sometimes even less for older tenancies. Think of it as the rent your gran paid in 1985, but with slightly better plumbing. The catch? New social homes are as rare as a quiet tube carriage during rush hour.
Local councils and housing associations used to build loads of these. Now, thanks to funding cuts and a property market gone bonkers, new Social Rent builds have slowed to a crawl. If you score one, you’ve basically won the housing lottery—congratulations, you’re now richer than a banker (in spirit, at least).
