G15 Statement on Rent Convergence in the Autumn Budget

 

Ian McDermott, Peabody CEO and G15 Chair said: 

"We welcome the government’s restated commitment to social rent convergence in the Budget. Target social rents offer a substantial discount to market rents and significant savings for the taxpayer. In London last year, the monthly target social rent for a three-bedroom home was just under £760 a month, but fewer than 10% of London’s social homes collect rent at target level. This shortfall is unsustainable and will continue to constrain investment in existing homes and new supply. We therefore look forward to receiving clarity and certainty on future rental income early in the new year.  A modest increase of £3 a week from April 2026 would keep rents extremely affordable whilst creating the foundation to accelerate housebuilding in the capital."

G15 Statement on Social Rent Convergence in the Autumn Budget

Ian McDermott, Peabody CEO and G15 Chair has issued a statement on social rent convergence following the government's announcement today. View all

The G15 Residents Group responds to the London Assembly's Call for Evidence on Social Housing Allocations

3 November 2025

The G15RG has shared its views on Social Housing Allocations with the London Assembly, calling for a fairer, more transparent, London-wide approach to social housing allocations and stronger collaboration to make better use of homes.

Their full response is available to read here.

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G15 responds to the London Assembly’s Call for Evidence on Allocations in Social Housing

1 November 2025

The G15 has submitted evidence to the London Assembly’s Call for Evidence on Allocations in Social Housing, welcoming the review of how homes are allocated across the capital. 

Our response is available to read here.

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The G15 Residents Group submits its recommendations ahead of the Autumn Budget

27 October 2025

The G15 Residents Group (G15RG), the voice of residents living in homes provided by London’s largest housing associations, has emphasised to government that the Autumn Budget 'must save our Social Housing system - not just manage its decline'. 

Drawing on lived experience, the G15RG has highlighted three urgent priorities for action - read their full submission here. 

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