Update to Stamp Duty Thresholds

Reduced ‘stamp duty’ rates on residential properties from the 1st July will be an added bonus to so many prospective home buyers says Benwell Daykin. It means that if you buy a residential property between July 1st 2021 and September 30th 2021, you start to pay Stamp Duty Land Tax on the amount you pay above the threshold of £250,000. From October 1st 2021 the zero rate band will return to the standard amount of £125,000. The rates from the October 1st 2021 are: Up to £125,000 – Nil The next…

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Would You Like to Sell Your Own House?

Well now you CAN – in partnership with Ruddington’s own Benwell Daykin Estate Agents. The vast majority of home buyers these days place their enquiries via one of the major property portals such as Rightmove, Zoopla and On the Market. As a private individual you are unable to list your property for sale directly with one of the property portals and, as such, until now you’ve had to appoint an estate agent to do so. But no longer! Senior valuer, Nick Aston explains: “With our new property marketing service, we will…

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Big Boom in Bungalows

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?

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

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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‘Handmade in Rudd’

That’s the name of a new Facebook Group specifically for makers and buyers of local, handmade items in our village. It’s been set up both for the benefit of those who live in Ruddington, and produce homemade items themselves, and for residents who like to buy handmade products whilst shopping locally at the same time. The group’s creator, Liz Corder, says: “I was thinking about how it’s nice to shop local and that there must be a lot of creative people in Ruddington. I put a post on Ruddington Mums –…

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Stamp Duty Holiday Extended & Guaranteed Mortgage Scheme

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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January Record for Benwell Daykin

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

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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Remote Meditation in Ruddington

Ruddington resident Jakki Pritchard is already well known in our village for her regular Mindfulness courses in the Old Chapel of the Framework Knitters’ Museum. Sadly the outbreak of COVID-19 Coronavirus reaching our shores, and the resulting lockdown across the UK to try to prevent its spread, means it’s very uncertain when such group activities might be able to resume. However, Jakki’s main concern right now is for people’s state of mind whilst confined to their homes – especially if living alone. She’s particularly worried for the elderly and vulnerable…

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