So, Mabon, we have an agreement already with our social sector, as I'm sure you know, that we have no eviction into homelessness, and that's been a feature of Welsh housing policy for quite considerable time now.
I was very interested by the announcement in Scotland, which we were a little bit baffled by, because social house rents are set on an annual basis. So, I could tell you that social rents were frozen in Wales to next March because obviously they're just set until next March. I can also tell you that I consider, usually around the Christmas period, what we will do with social rents for the ensuing period. I don't know if you remember last year, but we had a sudden spike in the retail and consumer price indices, which are what are used to baseline social rent, and so we capped them last year at 3 per cent, because it had gone up over that for the first time.
I will be very seriously considering what we do for the next financial year here in Wales. I'm expecting advice from my officials about the various impacts. So, just to be clear, obviously we're very concerned about the effect of rent increases on tenants, but we have to also bear in mind that the rent is what pays for the social house building programme for registered social landlords and councils. So, it's a careful balance, isn't it, between making sure that people can afford it, that the people in social housing who are entitled to benefit of course get their rent paid, but large numbers of people in social rented housing are not on universal credit or don't get the full payment. So, it's about balancing all of that out. So, I'll be looking very carefully at what we want to do with that. But, the rents are frozen, if you want to use that language—they're set, I would use the language of—until March next year. So, there will be no rent increases over the winter for social rented properties.
I've already just discussed our attitude to capping rents in the private rented sector, and it's something that we are talking to the National Residential Landlord Association about and we're already looking at increasing the leasing scheme, as I said, and at two things on mortgage rescue. So, we're expecting that the house bubble will burst over this winter. We've already got indications that house prices are flattening or starting to decline. Unfortunately, I'm old enough to remember the last time this happened, with people in negative equity and all kinds of distressing circumstances. So, we're gearing ourselves up to be able to do mortgage rescue packages and to help people stay in their own homes by converting their mortgages into tenancies and helping the local authorities or registered social landlords to buy out properties that are in that position.
We're also looking to see if we can have a mortgage scheme that allows people who've been renting and have good rent records to be able to access mortgages so that they can start a journey on to shared equity properties, for example, or other accesses to the market. We'll be looking again at our Help to Buy and so on.
And then, in terms of evictions in the private rented sector, I've asked officials to provide me with some advice about that, because although, again, it's a superficially interesting intervention, we know, from what we did in the pandemic, that when that came to an end, we had a tsunami of evictions. So, what I don't want to do is just push it down the line. What we don't want is to have people, who can't be evicted over the winter and can't pay their rent, finding that, in March, they are mandatorily evicted because they're in eight weeks or more rent arrears, because that's a mandatory eviction then. So, we need to be very careful that any intervention that we take doesn't make things worse for people down the line. I'd much rather get them to access help to make their rent affordable than to have people stop paying their rent and then pretty much face an inevitable eviction at the other end of the winter. So, we just want to calibrate it.
So, I'm in exactly the same place as you, Mabon—I want people to be able to stay in their homes; I just want to make sure that we do that in the most measured way possible and without any unintended consequences. So, we're working really hard with our tenants' organisations. I just met with Siarter Cartrefi on Monday morning to discuss a number of interventions, for example, and we'll be looking very carefully at that to make sure that we have all of the right calibrated interventions in the market to make sure that we keep as many people as possible in their homes, including talking to the residential landlords and making sure that we've got all the right interventions in place.
And then the last thing I want to say is that we've enabled RSLs and councils to buy tenanted properties. So, even when they don't come up to their development quality requirements—their standards for social rented homes—we're enabling our social landlords, councils and RSLs to buy tenanted properties that come on the market so that we can keep people in their homes in that way as well. So, I just wanted to put that last intervention on the table.