Thousands of Lambeth Living residents will be getting a rent reduction from November
The reduction will be backdated to April of this year and follows a lobbying campaign by the council to have a Government funded rent cut implemented. This year’s rent increases in the borough had been amongst the highest in the country at around 17 percent, but the reduction will bring it down to around 14 percent.
Because of historically low rents tenants are now paying roughly average rents compared to other inner city London boroughs. Councillor Lib Peck, the borough’s cabinet member for housing and regeneration, said: “We are continuing to work hard to improve our housing service and we are pleased that we have been able to achieve this rent reduction. We know there is still a lot more to do, but we are committed to delivering better housing in Lambeth.”