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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 […]

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 […]

Coronavirus and UK Property Prices

After the UK general election in December 2019 the property market picked up. More properties came to market and property prices began to climb at the fastest rate in two years. The average UK property price rose to £312,625 in February 2020, according to Rightmove. Property market uncertainty Now the market faces some uncertainty with […]

Bank of England Interest Rate Cut

The Bank of England has today announced that interest rates will be cut from 0.75 per cent to 0.25 per cent. This has been introduced as an emergency measure to keep the economy moving, following the outbreak of coronavirus. This news means that borrowing costs are down to the lowest level in history. History of […]

Easter Colouring Competition

Easter Colouring Competition! Benwell Daykin are holding an Easter competition for children up to 11 years old. To enter, all you have to do is download the image, get your best crayons or felt tip pens and let your creative imagination run wild! Prizes will be awarded for favourite designs in three categories; Under 5s, […]