New Financial Adviser at Benwell Daykin

Here at Benwell Daykin Estate Agents, we are able to offer a one-stop shop for all your selling, buying, lettings and conveyancing needs. NOW we have the added bonus of a locally based Independent Financial Adviser – right here inside our High Street office! We would like to welcome Stuart Reynolds of Equity and General. Stuart is your one-stop ‘whole of market’ solution for Mortgages, Protection and Financial Advice. He is able provide a service by phone, in person or online enabling you to get hold of someone when you…

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Private Renters – ‘Have Your Say’ on Damp and Mould

Ruddington residents in privately rented accommodation are being encouraged to complete a short, anonymous online survey on their living conditions and alert our local authority if living in a property with significant damp or mould problems. The survey is being carried out by Rushcliffe Borough Council (RBC) to find out how prevalent the issues are in privately rented houses within our village and across the wider area. It says the results could help shape the way it works with landlords and tenants to manage the risks they can cause. The…

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Hope for the Housing Market as 2022 Draws to a Close

With the recent uncertainty in the housing market, it can be hard to know when the best time is to sell your property writes Ricky Benwell. Whether you’re thinking of buying your first home, upsizing or downsizing from your current property, keeping a close eye on the local market and house prices is always a good place to start. After a slow start to October, we have seen a recovery in both properties coming to the market and sales going through to completion. Following a rise in mortgage rates, there…

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Local Housing Market Remains Busy

According to national statistics, the average price for a property in the region is close to £47,500 more expensive than in the summer of 2020, after COVID-19 market lockdown, writes Benwell Daykin.  During the same period, the threshold for a prime market property in the region has risen by £60,000. Except for the Stamp Duty holiday fuelled markets in 2021, the first half of 2022 proved the busiest since 2016, with over 100,000 homes changing hands each month.  This activity pushed revenue from property taxation over the period to more than…

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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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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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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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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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Buy To Let Investments

The Times newspaper had an article recently asking the question:  “Should I Invest in a Buy To Let Property in 2022?” They confidently replied with a resounding YES! …says Benwell Daykin. Two Nottingham postcodes occupied spaces one and two on their highest average yield locations in England, with NG7 giving 11.3% and NG1 giving 11.1% on average. Meanwhile, the same newspaper reports that banks are doing all they can to attract landlords in 2022 by offering low interest rates on buy-to-let mortgages (Mortgage Works, Nationwide’s buy-to-let arm, has a two-year…

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‘Ruddy Kind Acts’ Initiative Launches

For the past few Christmases, residents of Ruddington have benefitted from ‘Random Acts of Kindness’ – where a mystery benefactor and his helpers have posted hundreds of envelopes marked ‘R.A.K’, each containing £100 in cash to lucky local recipients in our village, Clifton and Silverdale. Some villagers even had a wad of money thrust at them whilst walking down the street! After the identity of the generous individual behind it was finally revealed in December 2021, it inspired creatives from the ‘Handmade in Rudd’ group to launch their own community initiative – dubbed ‘Ruddy Kind…

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