Ricky Benwell has worked in the Nottingham property sector for over 20 years. His knowledge on property and lettings, in particular, is unrivalled in Ruddington and across the county.
Many people across the UK are asking when will mortgage rates will drop?
For those who already own a property, the prospect of remortgaging may seem daunting since rates increased in 2023.
Those looking to move to a new property may also be waiting for mortgage rates to drop to make their next purchase just that bit more affordable.
When will mortgage rates drop?
The good news is that they are starting to drop already.
It was reported this week that rates dropped below 4% at Nationwide, the UK’s largest building society. The rate is 3.84% at the time of writing.
This is the cheapest deal provided by the company for 8 months and is also significantly under the Bank of England’s base interest rate.
This is only available currently to those who are remortgaging although it’s still not bad news for first time buyers; the rate offered to those looking to take a first step onto the property ladder is only 0.01% higher at 3.85%.
Both these products are 5 year fixed rate deals and are significantly lower than the average offered by other lenders which stood at 5.2% this week.
Will other mortgage lenders follow suit?
Although some lenders are following the trend of sub 4% products, some are actually increasing.
Santander recently increased their rates on some mortgage products by 0.2% for remortgages.
This though is still well below the average last summer when rates stood at around 6%.
Should you wait for rates to drop further?
Unfortunately, we don’t have a crystal ball which will tell us the future relating to mortgage rates.
As we’ve seen this week, rates can go up and down and fluctuate daily.
For now, we feel that rates are likely to stick at around this mark for the next few months.
The best advice we can give at Benwell Daykin is always talk to our qualified mortgage broker who will be able to advise you in more detail.
Products can vary depending on your own circumstances too, so it’s always a good idea to compare the whole of the market with a broker and find out which products match your criteria.
For some, this will now be the best time to buy a new property as rates are now becoming more affordable.
2023 saw a huge hike in mortgage rates, largely due to the Bank of England increasing the base interest rate to 5.25%.
According to Zoopla, fixed mortgage rates peaked at 6.44% which was a stark contrast to the historic lows.
But will mortgage rates continue to rise in 2024 or will they begin to drop?
The good news is that mortgage rates are already starting to come down. News reports in early January 2024 suggest that mortgage lenders are already cutting rates.
One of the biggest UK lenders, Halifax, has cut their mortgage interest rates by close to one percentage point and mortgage brokers are expecting other lenders to now follow suit.
It is important to note however that not all mortgage products will be reduced, so it’s wise to speak to a mortgage broker to understand which ones have now become more affordable for you.
How mortgage rates are dropping at the start of 2024
Towards the end of 2023, you’d be lucky to get a mortgage rate below 5%. Since January 2024, 5 year fixed rate deals are now being offered at below 4%. However, this rate is only available currently for a remortgage with a 60% loan-to-value.
Media outlets are reporting that a 2 year fixed deal should soon fall below 4.5%.
As we continue to move through the year, Benwell Daykin expect these below 5% rates will move to other mortgage products too, as well as other lenders.
When rates decrease, buyers tend to have better affordability. This means they can look to make offers on properties which they previously may not have been able to afford.
As such, we expect house prices to remain at their current levels, if not increase slightly.
Houses should begin to sell faster too, as increased affordability means more people will be looking to purchase property.
Key things to remember as mortgage rates drop
Remember to always speak to a mortgage broker before making a decision on which mortgage product to go for. Benwell Daykin offers free initial mortgage advice which can help you to decide which product is best for you based on your own circumstances.
Fixed rates are a great way to lock in lower interest rates but be aware these rates could go down further. If you lock in for a long period of time then you will be missing out on these further drops. Of course, rates could rise too which would obviously act in your favour!
Remember also to look out for fees. Some lenders offer lower rates but include a fee when signing up for the mortgage.
Today Nationwide have stated that property prices are on the rise once again.
Prices had dipped marginally in most areas of the country and many experts predicted there would be a further decline throughout the remainder of the year. Thankfully, this now appears not to be the case.
What about Nottingham property?
Nottingham has always remained one of the strongest area for housing price growth across the country. This year is no exception.
Despite decreases in almost every area of the UK, Nottingham hasn’t really been hit. Prices remain strong and growth has actually continued!
If we look at Hometrack’s data, Nottingham sits top of every major UK city for growth in the last 12 months. This stands currently at +2.9%. Sitting at second place is Birmingham at +2.7% and Sheffield with +2.3%. If we compare this to London, they saw a decline in the last year with -0.5%.
Looking short term, Nottingham prices increase in the last 3 months by 0.3%.
Why did property prices decrease in other areas?
Property prices have decreased slightly in 2023 mainly due to the rise in interest rates. This meant that more people were cautious when it came to applying for mortgages. As a result, less people were then looking for houses which brought prices down.
It is important to note however that it is only a small decline. Prices dropped across the board by just -1.1% in 2023. (Hometrack)
What is the average property price now?
The average home increased in price from £257,808 in September to £259,423 in October, according to Nationwide‘s latest house price index. This index is based on their own mortgage data but is very accurate as they are one of the largest UK lenders.
In Nottingham, the average property price is now £202,400.
Why have house prices generally increased?
Data suggests that many buyers have been holding off buying due to the rise in mortgage interest rates. Now it appears that they cannot wait any longer and have decided to purchase, regardless.
Other contributing factors include strong employment and a short supply of available properties.
What does this mean for home owners?
For those waiting to sell, you’d be forgiven if you were putting this off after listening to the national news.
Whilst we would advise anyone to remain cautious with the constant changing interest rates, now is definitely not a bad time to place your property on the market.
With the increase in buyer confidence now across the board we should see more people looking at every property and battling to make the highest offer.
How much is my property worth?
We can offer you a free, no obligation property valuation. Simply call us on 0115 990 2007 or use the form below.
You may have heard recently that there’s been another change to gas boiler policies in the UK.
Until recently, the UK was to phase out gas boilers in new build homes by 2025 and ban them completely from new homes by 2033.
This, however, has now been extended to 2035.
What was the original gas boiler ban plan?
The UK government has been asking homeowners to switch their traditional gas boilers to heat pumps as a more environmentally friendly option. Originally they were offering a grant of £5,000 although this has now been increased to £6,500.
The uptake for this has apparently been fairly slow which could be a reason for the change in deadline.
What is a heat pump?
In the shortest possible terms, a heat pump transfers captured heat from the air outside to the inside of a property. This is then used to fuel the property’s central or underfloor heating and in some cases also provide hot running water.
How does a heat pump benefit home owners?
Heat pumps are renowned for their energy efficiency, resulting in significant savings on heating costs compared to traditional gas boiler systems. They achieve high energy efficiency ratios, leading to lower utility bills and reduced carbon emissions. Essentially, although heat pumps can have a large initial outlay, there are savings to be had.
Landlords could also benefit from heat pumps as another way to entice tenants to rent their homes. During the current cost of living crisis, any reduction in household bills for tenants can be seen as a positive thing.
If you’re considering applying for a grant, you can do so on the government website.
What will these new announcements mean for home owners?
Firstly, if you were considering making your home more energy efficient then you now save even more money with a larger grant. You can apply for this via the government website.
Secondly, if your boiler needs to be replaced imminently then you should still have the choice as to go for a lower cost traditional system or a more expensive eat pump. This could be a big plus if you’re feeling the pinch with rising mortgage costs.
Thirdly, if you’re looking to sell your home in the near future, this could be an attractive selling point. We would advise though to do your calculations to ensure the profits made on selling your home outweigh the cost of a heat pump. Benwell Daykin can help with advising you how much your property is worth. Just call 0115 990 2007 to get a free property valuation.
If you’re wondering what option to choose, contact Benwell Daykin in Ruddington who will be able to offer some advice based on your situation.
On Thursday 3rd August 2023, the Bank of England raised interest rates by another quarter of a percent. This has now taken the base rate to 5.25 per cent and is the 14th consecutive hike. This is also the highest interest rate since March 2008, the year of the financial crisis.
So what does this mean for you?
Why are interest rate rises happening?
By rising interest rates, the Bank of England is hoping to bring down inflation. Inflation is very high right now which is contributing to our cost of living crisis. By increasing interest rates, the BoE are hoping that many will stop spending and save money instead. This, in turn, should hopefully lower the price of goods.
What will happen to mortgage payments?
The interest rate increase can be a troubling time for some. For instance, there are over 1.4 million people in the UK who are on a variable rate residential mortgage. This means that their payments fluctuate along with interest rates.
Some home owners could now see hundreds of pounds added to their monthly payments which, during a cost of living crisis, is definitely not ideal.
What can you do to ease any pressure?
There are several things you can do to ease pressure if your mortgage bills are rising. The first is talk to a qualified mortgage broker. Whilst this blog can offer guidance, every financial situation is different. You can talk to a qualified broker for free by calling our offices on 0115 990 2007.
You can also talk to your lender. Some are now offering a switch to interest-only products. This means you only pay the interest on your mortgage every month, rather than the full payment. Whilst this does lower your monthly costs, be aware that you won’t be making payments towards your home, only to the lender’s fees. This will likely extend the term of your mortgage.
Moving to a fixed-rate mortgage could also help. If you are on a variable rate where your payments fluctuate, you may be financially better off by fixing in the rate for 2, 5 or 10 years. Again, talk to a qualified mortgage broker to see which option is best for you.
The good news
It’s not all doom and gloom, however. Santander, for example, actually cut their mortgage rates ahead of the base rate rise. So there are deals still to be had if you talk to a qualified mortgage broker.
It may also be easier for you to purchase a property right now. House prices have dipped slightly which means you may be able to afford that property of your dreams.
As an estate agent living and working in the charming village of Ruddington, I am fortunate to witness firsthand the allure and desirability of this Nottinghamshire gem. Nestled amidst rolling countryside and steeped in history, Ruddington offers a tranquil and idyllic lifestyle that captures the hearts of both residents and prospective homebuyers.
As I walk through the picturesque village streets, I am reminded of the village’s rich history that dates back to medieval times. The architectural tapestry of Ruddington showcases a blend of traditional and contemporary designs, ensuring there is a property to suit every taste and preference. From quaint cottages with thatched roofs and charming character features to modern family homes with spacious layouts, Ruddington’s housing stock caters to a diverse range of lifestyles.
Property prices
Property prices in Ruddington reflect the village’s desirability and the quality of life it offers. The average property prices range from £200,000 to £500,000, depending on factors such as size, style, and location. The market caters to first-time buyers, growing families, and those seeking a peaceful retreat in a picturesque setting. With a variety of property types available, including period homes, terraced houses, and modern developments, Ruddington presents a broad spectrum of opportunities for homebuyers.
Community
One of the standout features of Ruddington is its strong sense of community. As an estate agent living in the area, I have witnessed the warmth and friendliness that permeates the village. Neighbours greet each other with a smile, and there is a genuine sense of connection and belonging. The village’s close-knit community spirit is fostered through various events and activities, including summer fetes, art exhibitions, and farmers’ markets.
Beyond its community spirit, the village boasts an abundance of natural beauty. Surrounded by picturesque countryside, the village provides ample opportunities for residents to connect with nature. Rushcliffe Country Park, located nearby, offers expansive green spaces, walking trails, and serene lakes. It’s a haven for outdoor enthusiasts, providing a peaceful retreat for leisurely strolls, family picnics, and moments of tranquility.
One notable village location which cannot be overlooked is Sellors’ Playing Field. This expansive green space serves as a hub for recreational activities and community gatherings. It offers a wide range of amenities, including a well-maintained football pitch, a children’s playground, and open spaces for picnics and leisurely walks.
One of the most highly anticipated events in Ruddington is the annual Wakes funfair, held right at Sellors’ Playing Field. This cherished tradition brings an extra dose of excitement and merriment to the village, transforming the green expanse into a bustling carnival atmosphere. The Wakes funfair, held during the summer months, is a time when the entire community comes together to enjoy rides, food and simply have fun.
Convenience and accessibility
As an estate agent, I can’t overlook the convenience and accessibility that Ruddington offers. Despite its rural charm, the village is well-connected to nearby towns and cities. Nottingham city centre is just a short distance away, providing an array of amenities, entertainment options, and employment opportunities. Commuters will appreciate the excellent transport links, including regular bus services and easy access to major road networks.
For history enthusiasts and railway aficionados, Ruddington is home to the renowned Great Central Railway. This heritage railway takes passengers on a nostalgic journey through time, allowing them to experience the magic of steam and diesel locomotives. The picturesque railway line winds its way through the beautiful Nottinghamshire countryside, offering a unique and memorable experience for all ages.
Schools
When it comes to education, Ruddington boasts excellent schooling options, making it an appealing choice for families. The village is home to a range of primary schools known for their high standards of education and nurturing environments. Parents can feel confident knowing their children have access to quality education within the village itself.
Why choose Ruddington?
Ruddington is a hidden gem that captivates residents and prospective homebuyers alike. Its enchanting blend of history, natural beauty, strong community spirit, and diverse property opportunities make it an exceptional place to call home. Whether you’re seeking a cottage steeped in charm or a modern family home, Ruddington has something to offer for everyone. As an estate agent living in this remarkable village, I am proud to showcase the unique features and property opportunities that make Ruddington an irresistible destination for those seeking a peaceful and fulfilling lifestyle.
Nottingham, located in the heart of England, has emerged as a vibrant and thriving city with a diverse housing market. In this article, we will explore Nottingham’s property prices, analysing the current trends, key factors influencing the market, and the city’s investment potential. Whether you are a potential buyer, seller, or investor, understanding Nottingham’s property market is essential for making informed decisions. Benwell Daykin Estate Agents provides some thoughts.
Historical Nottingham property trends
Over the past decade, Nottingham’s property market has witnessed steady growth and resilience. From 2010 to 2020, the average property prices in Nottingham rose by approximately 43 per cent, reflecting the city’s increasing popularity and desirability. Despite fluctuations, Nottingham has consistently performed well compared to the national average, thanks to factors like its thriving economy, excellent transport links, and renowned educational institutions.
The current property market (2023)
As of the latest data, the property market in Nottingham continues to show positive signs. While the COVID-19 pandemic had a temporary impact, the market has rebounded strongly. According to recent reports, Nottingham’s property prices have experienced an upward trajectory, driven by high demand, limited supply, and attractive rental yields.
Several factors contribute to the strong property prices in Nottingham. First and foremost, the city’s economic growth plays a significant role. Nottingham benefits from a diverse and expanding economy, with a strong presence in sectors such as life sciences, digital industries, and finance. This robust economic base attracts businesses and professionals, fuelling demand for quality housing.
Another factor is the city’s renowned universities, including the University of Nottingham and Nottingham Trent University. These institutions attract a significant number of students, creating a thriving rental market. The demand from students and young professionals has led to an increase in purpose-built student accommodations and a subsequent rise in property prices in popular student areas.
Additionally, Nottingham’s excellent transport links contribute to its appeal. The city boasts efficient road and rail networks, providing easy access to major cities like London and Birmingham. The upcoming HS2 high-speed rail project further enhances Nottingham’s connectivity and attractiveness as a commuter destination.
Investing in Nottingham property
Nottingham offers promising investment opportunities for property buyers. Its strong rental market, driven by a large student population and young professionals, ensures a consistent demand for rental properties. Rental yields in Nottingham are attractive, particularly in popular areas such as the city centre, West Bridgford, and Beeston.
Furthermore, the city’s ongoing regeneration projects enhance its investment potential. Areas like the Creative Quarter, Waterside Regeneration Zone, and the Southside area are witnessing significant redevelopment, attracting investors seeking capital growth and long-term returns.
Nottingham’s property market also benefits from its affordability compared to other major cities in the UK. The relatively lower property prices make it an attractive option for first-time buyers and investors looking to enter the market or expand their portfolio.
To conclude
Nottingham’s property market demonstrates resilience, growth, and investment potential. With a diverse and expanding economy, renowned universities, excellent transport links, and ongoing regeneration projects, the city offers a compelling proposition for property buyers and investors. While property prices have experienced steady growth, Nottingham’s affordability compared to other major UK cities makes it an attractive option. Whether you are considering purchasing a home or seeking to invest in rental properties, staying informed about Nottingham’s property market trends and factors is crucial for making sound decisions in this dynamic and promising city.
May 2023 marked a significant turning point for the United Kingdom’s financial landscape, as the Bank of England implemented an interest rate rise for the first time in several years. This move reflects the evolving economic conditions and aims to balance the needs of consumers, businesses, and the overall stability of the economy. In this blog post, we will explore the implications of interest rate rises in the UK in May 2023 and discuss how individuals and businesses can navigate these changes.
The rationale behind the interest rate rise:
The Bank of England’s decision to raise interest rates in May 2023 was driven by several factors. One of the primary reasons was the need to curb inflationary pressures, which had been gradually building up due to increased consumer spending, rising energy costs, and supply chain disruptions. By raising interest rates, the central bank aimed to reduce the pace of spending, cooling down the economy and reining in inflation.
Impact on consumers:
For consumers, the interest rate rise means an increase in borrowing costs. Mortgages, personal loans, and credit card debts are directly influenced by interest rates. As rates rise, monthly payments on variable rate mortgages are likely to increase, potentially impacting household budgets. Individuals should review their finances, consider fixed-rate mortgage options, and explore opportunities for debt consolidation or refinancing to mitigate the impact of rising interest rates.
Impact on businesses:
Businesses will also feel the effects of interest rate rises. The cost of borrowing will increase, which may deter investment and expansion plans. Higher interest rates can also affect consumer spending habits, potentially impacting the sales and profitability of businesses, particularly those in sectors sensitive to interest rate changes. Companies should assess their cash flow, review their financing strategies, and explore alternative sources of funding to adapt to the new interest rate environment.
Investing wisely:
As interest rates rise, savers may benefit from higher returns on their deposits. Traditional savings accounts and fixed-term deposits may become more attractive as they offer better interest rates. However, investors should also diversify their portfolios and consider other investment options, such as stocks, bonds, or real estate, which can provide opportunities for growth and offset the impact of rising interest rates.
Overall economic outlook:
While interest rate rises can cause short-term adjustments and challenges, they are often seen as a positive sign for the economy. Higher interest rates can help maintain price stability, encourage savings, and prevent the buildup of excessive debt. However, it is important to strike a delicate balance to avoid stifling economic growth. The Bank of England will closely monitor economic indicators to assess the impact of interest rate rises and adjust policies accordingly.
The interest rate rise implemented by the Bank of England in May 2023 signifies a shift in the UK’s economic landscape. Consumers, businesses, and investors need to adapt to this changing environment by carefully reviewing their financial strategies, considering alternative financing options, and exploring diversified investment portfolios. While initial adjustments may be challenging, the long-term benefits of a stable and balanced economy can outweigh the short-term impacts. By staying informed and proactive, individuals and businesses can navigate these interest rate rises and position themselves for financial success in the evolving economic climate.
How Interest Rates Impact Mortgages
In addition to the broader implications of interest rate rises in May 2023, it is essential to understand how these changes will specifically impact mortgage rates in the UK. Mortgage rates are directly influenced by the Bank of England‘s base rate, which serves as a benchmark for lending institutions. As Estate Agents in Nottingham, Benwell Daykin breaks this information down.
Variable rate mortgages:
For homeowners with variable rate mortgages, the interest rate rise will lead to an increase in their monthly mortgage payments. Variable rate mortgages are typically linked to the base rate, meaning that any increase in the base rate will result in higher mortgage rates. Borrowers should be prepared for potential adjustments in their budget and consider the impact on their monthly mortgage affordability.
Fixed rate mortgages:
Homeowners with fixed rate mortgages will generally not be immediately affected by the interest rate rise. Fixed rate mortgages offer a predetermined interest rate for a specific period, usually two to five years. However, as fixed-rate mortgage deals expire, borrowers will need to renew their mortgage or switch to a new lender. When doing so, they will likely face higher interest rates than those available during previous years. It is important for homeowners to review their options and assess whether it is advantageous to lock in a new fixed-rate deal or explore other mortgage products.
Remortgaging and new home buyers:
The interest rate rise may lead to increased remortgaging activity as homeowners seek to secure lower rates or more favourable terms before rates rise further. This surge in demand for remortgaging could potentially lead to increased competition among lenders, offering borrowers a range of mortgage deals to choose from. However, borrowers should carefully consider the associated costs, such as arrangement fees and early repayment charges, to determine if remortgaging is financially beneficial.
When buying property, new home buyers entering the market after May 2023 may encounter higher mortgage rates compared to previous years. It is crucial for prospective buyers to factor in these increased rates when calculating their affordability and budgeting for homeownership.
Expert advice and planning:
Given the complexities and potential financial impact of interest rate rises on mortgage rates, seeking expert advice is strongly recommended. Mortgage brokers or financial advisors can provide guidance on navigating the changing landscape, exploring different mortgage options, and identifying the most suitable approach based on individual circumstances.
You can talk to our recommended mortgage broker for free by calling us on 0115 990 2007.
Various factors can influence how quickly your house sells, including supply and demand, interest rates, employment levels, and government policies. While the UK property market has historically been strong, it is not immune to fluctuations, and it is possible that house prices in certain regions or property types may drop in response to changing market conditions or economic factors. 2023 has seen a slow on property price growth but houses are still selling well.
Selling your house quickly
Selling your property? If you want to ensure your house sells as quickly as possible, here are some tips on how to sell a house fast:
Price it right: The price is a crucial factor when selling a house. Pricing it too high can discourage potential buyers, while pricing it too low can result in a loss. To determine the right price, do research on the local market and consult with a reliable real estate agent.
Make necessary repairs and improvements: Before listing your house, make sure to address any necessary repairs and improvements. A well-maintained and attractive house is more likely to sell quickly.
Declutter and depersonalise: Remove any personal items and clutter from your house. A clean and uncluttered space can help potential buyers visualise themselves in the house.
Stage the house: Staging your house can make it more appealing to potential buyers. This involves arranging furniture and decor to highlight the best features of your house and create a welcoming environment.
Use high-quality photos and videos: High-quality photos and videos can showcase your house in the best light and attract more potential buyers.
Advertise effectively: Use a variety of advertising methods to reach as many potential buyers as possible. This can include online listings, social media, and signage.
Be flexible: Be flexible with showing times and make your house as accessible as possible to potential buyers.
Keep in mind that selling a house fast requires a combination of the right pricing, preparation, and advertising. By following these tips and consulting with a reliable real estate agent, you can increase your chances of selling your house quickly.
The best places to invest in property in Nottingham
Are you looking to invest in property in Nottingham? As letting agents, Benwell Daykin can help you find the perfect place to buy to let.
Why choose Nottingham?
So you’re likely to have already done your research. Whether you’re local to the city or if you’ve just been looking for high investment yields, you’ll know that Nottingham has what you’re looking for. Property prices in Nottingham have been consistently rising for a long time and the city often has some of the highest growth across the country, month on month.
So why is this? Well, Nottingham is thriving. It’s an epicentre for business and innovation – We have some huge businesses here such as Boots, Experian and Eon which have created many many jobs. Nottingham has the largest teaching hospital in the UK as well, the Queen’s Medical Centre.
We also have a huge student population – an estimated 65,000 students across two universities (Source: Nottinghamshire Live) – Nottingham Trent University and the University of Nottingham.
This just means that people are flocking to the city all the time, and of course they need somewhere to live.
What else does Nottingham have to offer?
Let’s look at why else people would choose to live in Nottingham.
If you’re looking for night life then Nottingham is not to be missed. The variety of bars and restaurants is huge, but that’s not all.
Nottingham is home to some huge sporting outfits, including Nottingham Forest, Notts County, Trent Bridge Cricket Ground, The Nottingham Panthers Ice Hockey and Holme Pierrepont for water sports.
Transportation is also fantastic. We have the NET tram network which goes to many of the suburbs, as well as a quality bus network. We also have the main Nottingham rail station and will soon have an HS2 station in nearby Toton.
Nottingham property prices
Sales Prices
At the time of writing in 2023, Nottingham has seen the highest house price growth across the country in the last 12 months. (Source: Hometrack). This growth currently sits at +10.9 per cent, followed by Manchester at 9.3 per cent and Birmingham at 9.2 per cent.
The average property price now sits at £198,000.
Rental Prices
Average rental prices in Nottingham now stand at £1,319 per month (Source: Home.co.uk). This is across all lettings properties in the city.
If we break this down, the average 2 bed rental price is currently £1,068 and the average 3 bed is £1,298. The average 1 bedroom is currently renting for £823 per calendar month.
Obviously these prices depend on location – You are likely to get higher rents for a 1 bedroom flat, furbished to a high standard, in a popular city centre location.
Which areas in Nottingham should you choose?
Nottingham has many suburbs surrounding the city, all with rental property in high demand.
Nottinghamshire is split into four main boroughs, run by different councils. These are City of Nottingham, Rushcliffe, Gedling, Broxtowe and Erewash.
Bear in mind that almost every property in the City Council region now has a Selective Licensing scheme in place. This means you have to pay a fee every 5 years and meet certain conditions, both with your property and as a landlord. You can find out more about Selective Licensing here.
If you’re looking to rent to students then you generally need to be looking at buying a property either within the city centre, or near to the Nottingham University campus in Beeston.
If families are your preferred tenants then aim for any of the suburbs such as Arnold, Mapperley, Hucknall, Stapleford, Long Eaton and many more.
Looking for more high-end rental properties? The more affluent areas are often said to be places such as West Bridgford, Wollaton, Mapperley Park and The Park.
Of course, there’s also many great villages such as Ruddington where we are based.
Need more rental property advice?
Talk to our friendly lettings team today on 0115 990 2007 or use the contact form below.
We’d be happy to help you find your rental property or a suitable tenant across Nottinghamshire.
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