Housing Market After Mini-Budget

Last week, The Guardian newspaper reported that UK house price growth flatlined in September with a stronger slowdown expected in the coming months as a combination of soaring inflation and mortgage rates makes moving unaffordable for many writes Nick Aston of Ruddington’s Benwell Daykin Estate & Letting Agents. The latest snapshot from the building society Nationwide comes at the end of a torrid week for the housing industry as lenders pulled 40% of available mortgages from the market after Kwasi Kwarteng’s mini-budget (Friday 23rd September 2022). Lenders began suspending products after the Chancellor’s sweeping tax-cutting…

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Jo Roome Now Has a Room!

A Ruddington based accountancy business which is going from strength to strength has now moved to village centre premises. After a period operating from home, Jo Roome has her own new office in ‘The Ruddington Business Rooms’ at the corner of High Street and Kirk Lane. “I got the keys on the 25th of August and you can now find me at Room 1, 27A High Street, above JP Lettings” says Jo. “Working from home is great but there are so many distractions and people around. I knew pretty early on…

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New Specialist Physiotherapists Join Ruddington Clinic

Rushcliffe Physiotherapy and Sports Injury Clinic is pleased to announce that its team is growing once again with the addition of a new Pelvic Health Physiotherapist and a Paediatric Physiotherapist. Beginning in October, Carrie Martin {pictured top left} is joining the Ruddington based clinic to provide specialist Pelvic Health Physiotherapy services. She qualified as a Physiotherapist from The University of Nottingham in 2012. She also has a degree in sport and exercise science. Since qualifying Carrie has worked within the NHS treating a variety of musculoskeletal conditions, including sports injuries, trauma…

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Evaluating Your Mortgage Options

At Benwell Daykin, we try to make our monthly posts to you as knowledgeable as possible, and try to keep them positive, so we apologise for this post about mortgage rates in advance writes Ricky Benwell. August has seen the Bank of England interest rate increase to 1.75 percent. This is the sixth this calendar year and is another attempt by the Bank of England to tackle inflation, with figures expected to potentially reach double digits by the end of the year! As of June 2022, the rate of inflation rose…

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Dutton’s Hill Closed Again

Unfortunately there are several sets of highway works liable to cause inconvenience and delays for Ruddington motorists during July. These include the total closure of Dutton’s Hill again over the next two Sundays for more gas work. Although these ‘Prohibition of Driving’ notices on that section of Wilford Road should not impinge on weekday traffic this time, drivers cutting through the estate to avoid a longer diversionary route are liable to result in further frustration for home owners along St John’s Road and St Mary’s Crescent in particular. Water connection…

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Housing Slowdown Signs After Record June High

The average UK house price hit a new record high in June but there are “tentative signs of a slowdown”, according to an index writes Nick Aston of Ruddington’s Benwell Daykin Estate & Letting Agents. The Guardian newspaper has reported that the growth of UK house prices slowed this month, an index shows, as the weakening economy, cost of living squeeze, and rising interest rates cooled the market Prices were up by 10.7% in June, slowing from 11.2% in May, Nationwide Building Society said. Prices rose by 0.3% in June, a notable slowdown on…

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Ruddington’s Summer Roadworks

Despite the continuing construction of four major new housing developments in Ruddington, no very disruptive roadworks are planned around our village during the summer of 2022 so far. Nevertheless, there are several sets of highway works liable to cause some inconvenience and delays for village motorists over the coming weeks. These include two total closures of Dutton’s Hill this July for more gas work. Although both of these ‘Prohibition of Driving’ notices are scheduled only for Sundays, traffic cutting through the estate to avoid a longer diversionary route is liable to…

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Water Leak Disrupts High Street

Ruddington drivers, traders and shoppers are being warned they may face unexpected disruption in our village centre – following a burst water main today. ‘No Parking’ restrictions and four-way temporary traffic signals have been put in place at the junction of Church Street and Easthorpe Street whilst Severn Trent Water identifies and repairs the leak. It’s being anticipated the problem could take until this Wednesday 18th May*, to fix – although Severn Trent is hoping to complete its work sooner. Meantime, residents and visitors can expect the disruption to continue…

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Beware Ruddington Road Restrictions

A weekend of parking prohibition along Mere Way, a morning of temporary traffic lights on High Street and a further complete closure of Dutton’s Hill are among the scheduled works liable to cause disruption over the coming days and weeks in and around Ruddington. Firstly, during all of the weekend Saturday and Sunday 14th and 15th May, and again on Saturday 21st May, many motorists who use Mere Way to park up whilst visiting Rushcliffe Country Park or Nottingham Transport Heritage Centre will not be able to do so. Most of the parking will…

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Benwell Daykin’s Housing Market Update

The BBC recently reported that the average UK house price hit a fresh record in April but that growth is set to slow this year as inflation and interest rates rise, writes Nick Aston of Ruddington’s Benwell Daykin Estate & Letting Agents. The Halifax said house prices rose 1.1% in April compared with March. While it said prices had grown for 10 months in a row – the longest run since 2016 – it said “the headwinds facing the wider economy cannot be ignored.” Hikes in the cost of living and higher interest rates will squeeze…

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