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House prices continue to grow

The average UK asking price of a home has reached a record £323,530. Prices roses by 1.1 per cent in September 2020 which now means prices are 5.5 per cent higher, or £16,818, than the same time last year. Experts are suggesting that growth will continue up until the new year where it could peak […]

House prices surge 7.3% in just one year

According to Halifax, the average UK house price now stands at £249,000; nearly a quarter of a million pounds. Rising activity in the housing market, post COVID-19 lockdown, has pushed prices up by 7.3% in the last 12 months. Halifax is the country’s biggest mortgage lender and recently they have seen record numbers of mortgage […]

Using a Letting Agent vs. Self Managing

Should you use a letting agent when managing a buy to let? When managing a property and renting to tenants, your main aim is to make as much money as possible. This is why you are likely to ask the question if it is worth using a letting agent to manage the property on your […]

Why your property should be priced right first time

According to a recent report by This Is Money, putting your property up for sale for the right price first time doubles your chances of selling. Research by Rightmove suggests that only one third of properties sold during May and September 2020 if the Vendor had to reduce the asking price. This is in contrast […]

Demand for property in the UK is rocketing

Rightmove data shows that demand for property is up 61 per cent compared to the same period last year. The property portal states that buyer demand is outstripping supply and they feel that the main reason for this is the reduction in stamp duty. Righmove’s expert Miles Shipside says “We always knew that the stamp […]

Denying DSS Rentals Ruled Unlawful

A judge has ruled that it is unlawful and discriminatory if agents ban people from renting property who are on housing benefit. The a court ruling found a single mother had experienced indirect discrimination when a letting agent in York refused to rent to her. She ended up homeless for a short while with her […]

Stamp Duty Holiday Confirmed

Chancellor Rishi Sunak has confirmed that there will be a stamp duty holiday following the Coronavirus lockdown. The threshold will now be raised from £125,000 to £500,000 and will last until March 2021. The average stamp duty bill will now be cut by around £4,500. This also means that 9 out of 10 house buyers […]

June 2020 Property Market Update

Due to COVID-19, the property market was put on hold from March to May. The government did not permit any person to move house unless it was completely essential. This meant that all transactions were put on hold and all viewings were cancelled. Since the middle of May we have reopened. There were talks of […]

Easter Colouring Competition Winners

Thank you to all who entered our Easter colouring competition! Every single entry was excellent and it was very difficult to pick winners. Have a look at the winning entries below. The team at Benwell Daykin hope you had a great Easter. Please stay safe everyone.

Coronavirus Update for Benwell Daykin

Following new government guidance, our office will be reopening on Monday 18th May 2020. We will be operating reduced trading times whilst we adjust to the changes outlined by the UK government, in the interest of health and safety. We are also still conducting valuations over video call. Please do not hesitate to get in […]