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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Happy New Year from Team Benwell Daykin

The last twelve months have seen unprecedented times for many of us – and estate agents are no different says Benwell Daykin. This year has seen the property market flourish like never before. A continued increase in house prices and demand far outstripping that of supply are considered to be the main reasons for the continued robust price growth. Average UK house prices defied expectations and continued to climb over the last few months despite the phasing out of the government’s stamp duty holiday at the end of September. Nationwide,…

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Breakers’ Boss Bows Out

One of the best known characters in Ruddington’s retail community has left his post – after more than seven years as Operations Manager for a Nottinghamshire brewer. Nottingham Brewery has confirmed the departure of Andy Heath due to the imminent sale of The Frame Breakers pub on High Street – which the company has owned and run for the past six years. Andy joined the brewery in September 2014 – after 16 years working for J D Weatherspoon – and is credited with turning around the fortunes of the Ruddington pub, following…

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House Prices Increase by the Most Since 2007

Mortgage lender Halifax has reported this week that house prices in the UK rose by the most in almost 15 years during September. This came as the stamp-duty holiday came to an end – and the Halifax predicts that prices will continue to climb to new record high levels. Prices rose by 1.7% from August, the biggest monthly increase since February 2007. In annual terms, house price growth also accelerated to 7.4% from 7.2% in August having slowed in each of the previous three months. The housing market in the…

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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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Thefts From Cars and Burglaries Increase Village Crime Rate

After a post-lockdown ‘spike’ in April, then a ‘quieter’ month in May, June again saw an increase in Ruddington crimes reported to Rushcliffe Police. Statistics just released show there were fifteen incidents logged by officers for our village during last month – which is 50% more than in the month before. As detailed below – in the latest figures supplied to us by our PCSO, Sherrylee Sampson – four of these offences were thefts from motor vehicles whilst three were burglaries – types of incident which had not been reported during May.…

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May The Force Be With You

Following an initial rise in reported crime in Ruddington when the strictest ‘lockdown’ measures were eased on April 12th, the month of May saw a welcome drop again, according to Rushcliffe Police. Statistics just released show there were only ten incidents recorded by officers for Ruddington during the whole of last month – none of which was serious. This is despite a spate of thefts of Ford Transits using a skeleton key in other parts of the force’s area – prompting a warning to owners to consider buying additional security to…

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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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Go Wild in June!

Now that ‘flaming June’ is here, can you do one wild thing a day throughout the whole of the month? Nottinghamshire Wildlife Trust believes you can! Whilst its monthly ‘Rushcliffe Country Park Wildlife Watch Group’ was put on hold last year, due to COVID-19 concerns, it is planning an autumn programme at Rushcliffe Country Park this year – which is set to commence from the second Saturday in September. Meantime, the already reduced level of Coronavirus restrictions means it’s again possible to run this June challenge safely whilst still observing ‘social distancing’ rules, etc. ’30 Days…

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