Tag: estate agent

Big Boom in Bungalows

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It seems the demand for bungalows in and around the Ruddington area continues to surge, and, despite a number of new homes’ sites, very few of them accommodate for this. According to the latest figures released by retirement housebuilder, McCarthy Stone, 70% of over 65s would consider moving into a bungalow. However, the build rate of this house type is actually plummeting! It’s thought the increase in demand could be due to a number of factors, but the COVID-19 Pandemic certainly has played its part. As we spent more and…

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Should You Sell Your Home Before Looking for Another?

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A number of Benwell Daykin clients have expressed their exasperation at being ‘gazumped’, or seeing offers rejected on their dream home, due to not being in a position to proceed. As such this has raised the question: “Should I sell my home before I start looking for another?” Mora Sheard, from the Ruddington-based estate agency, advises that deciding whether to sell your home – or whether to buy a new home first – should be based on your finances, the market availability for properties that interest you, the house that…

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Guaranteed Mortgage Scheme Begins

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Following Benwell Daykin’s previous RUDDINGTON.info article in March, detailing the extension to the Stamp Duty Holiday and Guaranteed Mortgage scheme, they are now pleased to expand on this. From the start of this month, the government has provided guarantees to UK lenders who offer mortgages to buyers, to secure a loan with a 5% deposit on a property of up to £600,000 before the 31st December 2022. The UK’s top five banks have announced their support of the initiative and many will roll out their offers and initiatives from the 19th…

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Stamp Duty Holiday Extended & Guaranteed Mortgage Scheme

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Following the budget announcement on March 3rd, that the Chancellor extended the Stamp Duty Holiday, what does this mean for Ruddington residents? Well, the property purchase tax has been suspended on the first £500,000 on any property purchase, meaning you have the opportunity to save thousands of pounds if you complete your purchase before June 30th 2021. Nick Aston, senior valuer at Benwell Daykin Estate Agents on High Street, welcomes the extension: “This is great news for home buyers in the Ruddington area” he says. “With their savings on stamp duty,…

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New Retailers on Ruddington’s Post-COVID Roadmap

Graham Wright

Prime Minister Boris Johnson has spelt out today how the rollout of Coronavirus vaccines means we can finally start to plan our way of out of the latest ‘lockdown’. With COVID-19 restrictions being eased gradually over the coming months, our schools can reopen on March 8th; the stay-at-home message will be removed from March 29th; then gyms, libraries, some hospitality and other non-essential retailers should be able to resume trading from April 12th, assuming all’s still going to plan. More details of the Government’s ‘roadmap out of lockdown’ can be…

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January Record for Benwell Daykin

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The UK property market enjoyed a mini boom in the second half of 2020. The question on everybody’s lips is: “Why is this, and will it continue in 2021?” The property market in England is fully open in its entirety, meaning that Benwell Daykin is allowed to conduct in-person valuations and house viewings, meaning buyers are able to move home despite the ‘lockdown’ measures currently in place. Since the middle of 2020, the UK property market has been on the rise which has seen transaction numbers rise significantly. Provisional data…

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Benwell Daykin 1st Birthday Offers

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It has been quite a year for Benwell Daykin! Following our successful launch in January 2020, we found ourselves somewhat tested, time and time again. Firstly, by a huge leak in our office wall, followed by the first national lockdown and finally by the Ruddington High Street flooding. But, through it all, we continue to trade and have been encouraged by how warmly we have been received by the Ruddington community. As we unfortunately enter another national ‘lockdown’, I’m delighted to say that the property industry remains open under the following…

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Time for a New Home in 2021?

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Are you thinking of moving in the new year? You are not alone! Ruddington has seen a significant increase in demand to live in the area, despite the complications the pandemic has brought. Over the last twelve months, properties in Ruddington have increased in value by around 9.76%.*  Factor in the stamp duty holiday and there are a lot of positives out there for home movers currently. December in the property industry is historically a quiet month, with most people busy preparing for Christmas, whilst everything else gets put on hold,…

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You Can Still Buy or Sell a Property During ‘Lockdown’

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There is obviously a lot of concern surrounding the growing threat of Coronavirus in Nottinghamshire. Although Ruddington and the surrounding areas have now entered into the governments’ Tier 3 restrictions – with another national ‘lockdown’ from November 5th – you are still able to buy or sell a home when taking the right safety precautions. It is worth noting that anyone who does want to make the most of the stamp duty cuts will have to have an offer accepted on a property before the end of November at the…

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Why is Ruddington so Popular for Home Buyers Right Now?

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Benwell Daykin reported last month that the property market is currently going through somewhat of a boom. Since then, many national news outlets have also reported some of the biggest property price growth seen in over five years. At our estate agency, demand for Ruddington property has always been high. However, we are seeing a huge increase in enquiries for property in the village and the surrounding areas. But why is this? The freeze on stamp duty is certainly playing its part, with more and more families taking the opportunity…

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