Category: News

Posted on

Bank of England interest rate rise Autumn 2026 – Should you buy or sell a property?

The Bank of England has increased interest rates by 0.25%, taking the base rate from 3.75% to 4%.

It’s understandable that this might cause some concern if you’re thinking about buying or selling a property. Higher interest rates can affect mortgage repayments and how much buyers can afford to borrow.

But does it mean you should put your moving plans on hold? Not necessarily.

While the latest announcement is something buyers and sellers will need to consider, it doesn’t mean the property market will grind to a halt. There are still opportunities for people looking to move, and in some cases, the changing market could actually work in their favour.

Let’s take a look at what the latest interest rate rise means for the property market and whether now is still a good time to buy or sell.

Why Have Interest Rates Increased in Autumn 2026?

The Bank of England has increased interest rates in response to concerns about inflation, with rising global energy prices contributing to higher costs across the economy.

UK inflation reached 3.5% in September, with the Bank expecting it could rise further before gradually easing.

By increasing interest rates, the Bank hopes to bring inflation under control and prevent rising costs from feeding through into other goods and services.

However, future interest rate decisions aren’t set in stone. The Bank of England will continue to monitor inflation, economic growth, employment and global events before deciding whether further changes are needed.

This means interest rates could rise again, remain unchanged or eventually fall, depending on how the economic situation develops.

What Does the Interest Rate Rise Mean for Mortgage Borrowers?

One of the biggest concerns following an interest rate increase is how it will affect mortgage repayments.

The impact will depend on the type of mortgage you currently have.

Fixed-rate mortgages

If you’re currently on a fixed-rate mortgage, the latest announcement won’t change your monthly repayments during your existing deal.

However, if your fixed rate is coming to an end, it’s worth reviewing your options and speaking to a mortgage adviser about the deals available.

Tracker mortgages

Tracker mortgages are usually linked to the Bank of England base rate. If you’re on a tracker mortgage, your monthly repayments are likely to increase following this announcement.

Standard variable rate mortgages

If you’re on your lender’s standard variable rate, your repayments could also increase, although lenders aren’t obliged to change their rates by the same amount as the Bank of England.

If you’re concerned about your mortgage payments, reviewing your options sooner rather than later can help you understand what’s available.

You can get mortgage advice here.

Should You Still Buy a Property in Autumn 2026?

Absolutely. An increase in interest rates doesn’t automatically make buying a property a bad decision.

While mortgage costs are an important consideration, they’re only one part of the bigger picture.

There are still competitive mortgage deals available, and mortgage rates don’t always move in line with the Bank of England base rate. Lenders also consider factors such as funding costs, swap rates and competition when setting their mortgage products.

It’s also worth remembering that buying a property is usually a longer-term decision. If you’ve found somewhere you want to live and the mortgage repayments are affordable, waiting for interest rates to fall could mean missing out on a property that suits your needs.

There’s also another potential advantage for buyers when interest rates increase.

Could Rising Interest Rates Create Opportunities for Buyers?

When interest rates rise, some prospective buyers decide to put their plans on hold until the economic outlook becomes clearer.

This could mean fewer buyers competing for properties, giving those who are ready to move more choice and potentially a better opportunity to negotiate.

Sellers who are serious about moving may also be more open to reasonable offers, particularly if their property has been on the market for a while.

Of course, this will depend on the property, location and level of demand. But it does mean that rising interest rates aren’t necessarily bad news for everyone.

If you have your finances in place and can comfortably afford the repayments, there could be opportunities worth exploring rather than waiting for the market to become busier again.

Is It Still a Good Time to Sell a House?

Yes. People will always need to move, regardless of what is happening with interest rates.

Whether it’s a growing family needing more space, someone relocating for work, homeowners looking to downsize or first-time buyers looking to get onto the property ladder, there are plenty of reasons why people continue to buy and sell houses.

In fact, if some homeowners decide to delay selling because of uncertainty around interest rates, this could mean fewer properties coming onto the market.

For sellers, less competition from other properties could be an advantage, particularly if your home is well presented and priced correctly.

The key is understanding what buyers are looking for and making sure your property is marketed effectively.

If you’re thinking about selling, getting an up-to-date valuation is a good starting point. This will give you a better understanding of what your property could achieve in the current market.

Book a valuation.

Could Interest Rates Fall Again?

It’s certainly possible, although nobody can say for certain when this might happen.

The Bank of England will continue to monitor inflation and the wider economy before making further decisions.

Global events can have a significant influence on energy prices, inflation and borrowing costs. If these pressures ease, there could be more scope for interest rates to come down again.

Equally, further increases haven’t been ruled out.

The important thing is not to base your moving plans entirely on predictions about what interest rates might do next. Trying to time the market perfectly is difficult, and there will always be economic factors that influence property prices, mortgage rates and buyer confidence.

Instead, focus on your own circumstances and whether moving makes financial sense for you.

Should You Put Your Moving Plans on Hold?

Interest rates are an important consideration, but they shouldn’t automatically determine whether you buy or sell a property.

The property market continues to move through different economic conditions, and there will always be people looking to buy, sell and move on to the next chapter of their lives.

For buyers, there could be opportunities to negotiate and face less competition. For sellers, getting the asking price right and choosing the right estate agent remain just as important as ever.

If you’re thinking about moving in Nottingham or the surrounding areas, the team at Benwell Daykin estate agents can help.

Whether you’re looking for your next home or considering putting your property on the market, we’d be happy to discuss your plans and help you understand your options.

Thinking of buying or selling a property? Get in touch with Benwell Daykin today to arrange a valuation or discuss your next move.

Posted on

Is Buy-to-Let Still Worth It After the Autumn Budget 2026?

The Autumn Budget 2026 has introduced further tax changes for landlords, but does that mean buy-to-let is no longer a worthwhile investment? For anyone considering buying a rental property in Nottingham, or looking to expand an existing portfolio, there are several factors worth considering before making a decision.

While the latest changes mean landlords need to pay closer attention to their finances, buy-to-let can still offer opportunities for those who choose their properties carefully and take a long-term view. The key is understanding the costs, researching rental demand and finding a property that has the potential to deliver a suitable return.

Here’s what Nottingham landlords and prospective property investors need to know following the Budget.

What did the Autumn Budget 2026 change for landlords?

One of the main announcements affecting landlords was a further two-percentage-point increase in income tax rates on property income from April 2027. This follows a two-percentage-point increase announced in the previous Budget.

From 6 April 2027, the property income tax rates for landlords in England will be:

  • Basic rate: 24%
  • Higher rate: 44%
  • Additional rate: 49%

These rates apply to taxable property income, rather than the total rent received. The actual amount of tax payable depends on a landlord’s individual circumstances and the relevant tax rules.

For example, a landlord with £10,000 of taxable property income would pay £400 more tax under a 24% rate than under a 20% rate, assuming all other factors remain unchanged.

The impact will vary between landlords. Those who own property personally may be affected differently from landlords who hold their investments through a limited company. Company ownership has its own tax implications, particularly when profits are withdrawn, so it is worth seeking professional tax advice before changing how a property is held.

Although the changes need to be factored into investment calculations, they do not automatically make buy-to-let unprofitable. A property with suitable rental income, manageable costs and strong tenant demand may still offer an attractive long-term opportunity.

Is Nottingham still a good place to invest in buy-to-let?

Nottingham offers a range of opportunities for property investors, with two major universities, established employment centres, transport connections and a varied housing market. These factors help create demand for rental accommodation from different types of tenants.

Smaller properties in convenient locations may appeal to working professionals, while areas around the universities can attract student tenants. Family homes in established residential neighbourhoods offer another option for landlords looking for longer-term tenancies.

The best investment will depend on your budget, objectives and the type of tenant you want to attract. Some landlords prioritise rental income, while others are also interested in the potential for long-term capital growth.

As with any property investment, location and purchase price are important. Researching local rental prices, comparing similar properties and understanding the demand in a particular area can help you identify opportunities with the potential to deliver a suitable return.

Our guide to buy-to-let property in Nottingham provides further information for anyone considering investing in the local rental market.

How to work out whether a buy-to-let property is profitable

Before purchasing a rental property, it is important to understand how much income it could generate and what it will cost to own and manage. Gross rental yield is a useful starting point, although it does not tell you how much money you will keep after expenses and tax.

Gross rental yield is calculated by dividing the annual rental income by the purchase price and multiplying the result by 100.

For example, imagine buying a property for £150,000 and renting it out for £950 per month.

  • Purchase price: £150,000
  • Monthly rent: £950
  • Annual rental income: £11,400
  • Gross rental yield: 7.6%

This provides a useful starting point when comparing potential investments. However, the £11,400 is income before expenses, tax and mortgage costs.

To understand the potential return, you should account for costs such as:

  • Mortgage interest and borrowing fees
  • Letting agent and property management fees
  • Landlord insurance
  • Repairs and routine maintenance
  • Safety checks and licensing costs where applicable
  • Periods without tenants
  • Tax on taxable rental income

You should also consider the initial costs of buying the property, including stamp duty land tax where applicable, legal fees, surveys and any refurbishment required before it can be let.

Once these costs are included, you can make a more informed assessment of the likely return. A property with a slightly lower gross yield may still be a better investment if it needs less work, attracts reliable tenant demand and has lower ongoing costs.

It is also sensible to allow for unexpected expenses and changes in mortgage rates where relevant. Building some flexibility into your calculations can help you assess whether the investment remains viable if costs increase or the property is temporarily empty.

How to choose the right buy-to-let property

Finding the right property is one of the most important parts of making a buy-to-let investment work. Rather than focusing solely on the cheapest purchase price or the highest advertised yield, consider how well the property matches local tenant demand.

Start by researching the types of properties people are looking to rent in your preferred area. Compare achievable rents, look at how similar properties are presented and consider the features that matter to your intended tenants, such as transport links, parking, local amenities and access to employment.

The condition of the property is equally important. A property that requires significant renovation may offer an opportunity to add value, but you need to understand the full cost of the work and whether the resulting rental income justifies the investment.

Think about your long-term plans, too. If you want to build a portfolio, you may prioritise properties that can generate consistent income and be managed efficiently. If you are buying a single investment, you may have different priorities depending on your available capital and financial objectives.

Taking the time to research the market before committing to a purchase can help you avoid costly mistakes and focus on properties that fit your investment strategy.

Should landlords increase their rents after the Budget?

Some landlords may need to review their rents in light of rising costs and the upcoming tax changes. However, any increase should be based on the local rental market, the property’s condition and the rules governing the tenancy.

Charging more does not automatically mean a property will generate a better return. If a proposed rent is significantly above comparable properties, it could make the property harder to let or retain tenants.

Landlords should research similar properties in the same area and consider what tenants are realistically willing to pay. A local letting agent can provide useful insight into current demand, comparable rents and the likely appeal of a property.

Regular reviews can help landlords understand whether their rental income remains competitive. Any rent changes should be handled in accordance with the applicable legal requirements.

Should you keep your existing buy-to-let property or invest in another?

The Budget may prompt some landlords to review their existing portfolios, but the latest tax changes do not necessarily mean that selling is the best option. For many investors, it makes more sense to assess the performance of each property and consider its future potential.

If a property generates a suitable return, attracts reliable tenants and has manageable running costs, keeping it may continue to make financial sense. Landlords who are considering expanding their portfolios should apply the same careful approach when assessing additional purchases.

Reviewing rental income, maintenance expenses and management arrangements can help identify opportunities to improve the performance of an existing investment. In some cases, better management or a more realistic approach to budgeting may make a meaningful difference.

If a property is no longer meeting your objectives, selling may be worth considering. However, this decision should take account of selling costs, any potential capital gains tax and the alternative uses for the money.

Every investment is different, so it is worth reviewing the figures rather than making a decision based solely on the Budget headlines.

Could buying through a limited company make buy-to-let more attractive?

Some landlords choose to purchase property through a limited company rather than owning it personally. The tax treatment differs, and company ownership may be worth investigating depending on your circumstances, plans for future investment and how you intend to use the profits.

However, operating through a company is not automatically more tax-efficient for everyone. Corporation tax, the cost of withdrawing profits, mortgage availability, lending terms and administrative expenses all need to be considered.

Moving an existing property into a company can also have significant tax and transaction costs, potentially including capital gains tax and stamp duty land tax. It should not be treated as a straightforward way to avoid the latest changes.

If you are considering buying through a limited company, or changing the ownership structure of an existing property, seek advice from an accountant or tax specialist who understands property investment before taking action.

How professional property management can help landlords

Managing a rental property effectively is an important part of protecting your investment. Avoidable periods without tenants, delayed maintenance, poor tenant selection and missed compliance requirements can all affect the return a property generates.

A letting agent can help with marketing a property, finding and referencing tenants, arranging inspections, collecting rent and coordinating maintenance, depending on the service selected.

For landlords who prefer not to manage these responsibilities themselves, a fully managed service can reduce the time involved in running a rental property. The cost should be included in your calculations, but professional management may be worthwhile if it helps you manage the property efficiently and provide a good experience for tenants.

Benwell Daykin provides letting and property management services across Nottinghamshire, supporting landlords with both tenant-find and fully managed options.

Find out more about our letting agents in Nottingham and the services available to landlords.

Is buy-to-let still worth it in 2026?

Despite the latest Budget changes, buy-to-let can still offer an attractive opportunity for landlords who choose their properties carefully and take a long-term view. The key is to understand the costs, research local rental demand and invest in a property that has the potential to deliver a suitable return.

Nottingham offers a range of opportunities for property investors, from properties suited to working professionals and students to family homes in established residential areas. The right choice will depend on your budget, investment objectives and the type of tenant you want to attract.

For those considering their first buy-to-let property, the Budget is a reason to plan carefully rather than automatically rule out investing. Understanding the likely rental income, ongoing expenses and tax implications before buying can help you make a more informed decision.

Existing landlords may also find opportunities to improve the performance of their portfolios by reviewing rents, managing costs and ensuring their properties remain attractive to tenants.

There is no single answer that applies to every landlord. However, with careful research, realistic financial planning and the right property, buy-to-let may still form a worthwhile part of a long-term investment strategy.

Talk to Benwell Daykin about your Nottingham buy-to-let

Whether you are considering your first investment or looking to expand your portfolio, Benwell Daykin can help you understand the Nottingham rental market and explore the letting and property management services available across Nottinghamshire.

If you would like to discuss your investment plans, rental potential or property management options, contact Benwell Daykin estate agents to speak to the team.

Posted on

UK Property Market Continues to Show Strong Levels of Activity

The UK property market continues to demonstrate encouraging levels of activity, with the latest figures showing that the number of homes being sold remains comfortably above pre-Covid levels.

According to the latest market data for the week ending 30 August 2026, 832,000 homes have gone under offer or been sold subject to contract so far this year.

That is 5.7% higher than the average for the same period between 2017 and 2019, when 789,000 properties had reached the same stage of the sales process.

For anyone considering moving home, the figures provide a positive indication that the property market continues to operate at a healthy level, with buyers and sellers actively making decisions and transactions continuing to take place.

Nearly 100,000 Sales Agreed in August

August also saw a significant number of properties agree sales.

There were 97,900 sales agreed during the month, considerably higher than the 87,600 recorded in August 2023.

This provides further evidence of an active market, with thousands of homeowners successfully finding buyers and thousands of purchasers moving forward with their plans.

The figures also demonstrate that there continues to be a good flow of property through the market as we move towards the autumn months.

Plenty of Property Coming to Market

There is also a healthy supply of homes available to buyers.

A total of 1.231 million new property listings had come onto the market by week 34 of the year. This is broadly in line with the same point in 2025 and is around 10% higher than the average for the equivalent period between 2017 and 2019.

There were approximately 767,000 properties available for sale on 1 August 2026, almost identical to the 763,000 available a year earlier.

For buyers, this provides plenty of choice across the market, while sellers continue to have the opportunity to put their property in front of a substantial pool of potential purchasers.

Most Sellers Are Achieving Their Asking Price

One particularly encouraging statistic is the proportion of sellers completing their sale without having to reduce their initial asking price.

Around 80% of sellers who completed a sale in 2026 did so without reducing their original asking price.

This highlights the importance of establishing an appropriate asking price from the outset and presenting a property effectively to the market.

For homeowners thinking about selling, an accurate valuation based on current market evidence can provide a strong starting point for a successful sale.

Property Values Continue to Rise

There is also positive news in the latest data on agreed sale prices.

The average price per square foot for properties where a sale was agreed reached £345.41 in July 2026. This represents a 1.2% increase compared with £341.43 a year earlier, and an 11.9% increase compared with five years ago.

While individual property values will naturally vary depending on location, size and condition, the longer-term figures demonstrate continued growth in the value of UK residential property.

A Positive Market for Buyers and Sellers

Taken as a whole, the latest figures provide plenty of reasons for confidence in the UK housing market.

Sales activity remains above the levels seen before the pandemic, almost 100,000 sales were agreed during August, more than a million properties have come onto the market during the year and average agreed prices per square foot remain above their level a year ago.

Every property market is different, and local conditions can vary considerably. However, the national figures provide a useful backdrop for anyone considering their next move.

At Benwell Daykin Estate Agents, we understand that buying or selling a property is about much more than national statistics. Local knowledge, an accurate valuation and effective marketing all play an important role in achieving the best possible outcome.

If you’re thinking about moving home, contact Benwell Daykin Estate Agents for an up-to-date valuation and advice on the current market.

Posted on

2026 Home Buying Reforms: What Do They Mean for Buyers and Sellers?

The government has announced a significant package of reforms designed to overhaul the home buying and selling process in England. For anyone currently on the market — or thinking about making a move — it’s worth understanding what’s changing and why it matters.

What’s being proposed?

The Ministry of Housing, Communities and Local Government (MHCLG) unveiled the reforms on 19 June 2026, describing them as the biggest shake-up of the homebuying process in a generation. Here are the key changes:

  • Upfront sales packs — Sellers and estate agents will be required to provide a sales pack at the point of listing. This will include the property’s condition, leasehold costs, and chain status, so buyers have the information they need before making an offer.
  • Earlier binding agreements — Transactions will become legally binding much sooner — from the point an offer is accepted. If either party pulls out without valid reason, they face a financial penalty. This is designed to reduce the risk of late-stage fall-throughs and gazumping.
  • Digital identity checks — Buyers and sellers will no longer need to repeatedly prove their identity to multiple professionals. A single trusted digital verification will be accepted across the process, cutting duplication and delays.
  • AI-assisted conveyancing — The government is backing the use of AI tools to help conveyancers work more efficiently, reduce paperwork, and speed up transactions.
  • Digital property logbooks — Property information will be stored and shared digitally in real time between buyers, sellers, and professionals, replacing slow and unreliable paper-based systems.
  • New code of practice for estate agents — Minimum standards will be introduced later in 2026, followed by a consultation on estate agent qualifications in 2027.
  • Electronic signatures — Documents can be signed digitally throughout the process, removing another common source of delay.

The government estimates these changes could cut around four weeks from the average transaction time and save first-time buyers an average of £650.

Why does this matter?

Anyone who has been through a property transaction will know how stressful the current process can be. Weeks — sometimes months — can pass between an offer being accepted and exchange of contracts, with little certainty on either side. Fall-throughs are common, costly, and often avoidable.

Industry figures broadly welcomed the announcement. Nationwide’s Group Director of Mortgages described the proposals as a major milestone in the efforts to simplify and streamline the homebuying process, noting that giving buyers key information upfront at the point a property is listed has the potential to transform the process.

What does it mean for sellers?

One of the more significant shifts is the expectation that sellers will need to prepare more information before going to market — likely including a digital property pack and, in some cases, a survey. This is a departure from the current norm where much of this information is gathered reactively once a buyer is found.

The upside is that transactions should move faster once a sale is agreed, and there’s less risk of a deal falling apart due to issues that could have been identified earlier. The downside, as some in the industry have noted, is that sellers will need to invest more time and potentially money before listing.

Thinking of moving?

If you’re considering putting your property on the market — or starting your search for a new home — it’s a good time to speak to an experienced agent who can guide you through the current process while keeping an eye on what’s coming. At Benwell Daykin estate agents, we’re here to help at every stage. Get in touch with our team to find out more.

Posted on

Nottingham Rental Prices 2026 – Here’s What The Market Data Shows

The latest Zoopla Rental Market Report is out, and if you own a rental property — or you’ve been thinking about letting one — it makes for good reading.

Steady rent growth, nothing dramatic

Rents on new lets have risen 1.9% over the past year, and Zoopla is forecasting continued growth of around 2–3% through 2026. That’s not headline-grabbing, but it’s consistent and predictable — exactly what a buy-to-let investment should deliver. Rents are going up, and that’s expected to continue.

Rental supply remains 23% below pre-pandemic levels. Demand for good rental homes hasn’t gone away. The numbers reflect that.

Tenants are in better financial shape

Earnings have been rising faster than rents for the past 18 months. That means your tenants are under less financial pressure than they were in 2023. Tenants who can comfortably afford their rent stay longer, pay on time, and look after a property. That’s better for everyone.

More time to find the right tenant

The average time to let a property is now 20 days. You’re not going to be left waiting — but you do have the breathing room to find a good tenant rather than taking the first application through the door. That matters more than most landlords realise.

Thinking of letting a property?

The number of homes available to rent has grown 11% year-on-year, partly driven by homeowners choosing to let rather than sell in the current market. If that sounds like your situation, the timing is good.

Our take

The rental market in Nottingham remains strong. Rents are rising, demand is solid, and quality landlords with well-presented properties are still letting quickly and achieving good yields. If you’d like a rental valuation or want to talk through your options, get in touch with the team at Benwell Daykin estate agents on 0115 990 2007.

Posted on

UK House Prices Summer 2026 – Full Report

The Spring 2026 Rightmove House Price Index makes for interesting reading — particularly for buyers and sellers in the East Midlands, where the picture looks considerably more positive than the national headlines suggest.

The National Picture

Average asking prices across the UK rose 1.2% in May to £378,304 — slightly ahead of the typical May increase of 1% seen over the last decade. While prices are marginally down on May 2025, the overall market is showing more resilience than many expected given ongoing cost-of-living pressures and wider economic uncertainty.

Buyer choice is at its highest level since 2015, with a third of properties on the market having seen a price reduction. Rightmove is clear that correct pricing remains essential — sellers who price realistically are continuing to agree sales, while those who overprice face extended marketing periods.

Sales agreed nationally are 4% below last year, though it is worth noting that mortgage rates were significantly lower at the same point in 2025. Compared to 2024, sales agreed are actually up 2% — a more encouraging comparison.

Mortgage Rates Are Improving

One of the most notable details in this month’s data is the continued fall in average two-year fixed mortgage rates, down from 5.42% last month to 5.18% this month. While rates remain higher than the historic lows of a few years ago, the direction of travel is positive and is helping to improve buyer affordability and confidence. For anyone who has been sitting on the fence waiting for rates to come down, the trend is moving in the right direction.

The North-South Divide — and Why It Matters for Nottingham

The most significant story in this month’s data is the widening gap between the north and south of England. Price growth is strongest in the more affordable regions — the north-east is up 2.7% year-on-year and the north-west is up 2.6% — while London is down 2.4% and the south-east is down 1.6%.

The East Midlands sits firmly in the more affordable, more active part of the market. Nottingham and the surrounding area continues to attract buyers who are looking for more space, better value and strong transport links — precisely the buyer profile that has been driving demand across our patch throughout 2026. For sellers in Nottingham and Nottinghamshire, the national data supports what we are seeing locally — correctly priced homes are selling, buyer demand is holding up, and the market is functioning well.

The affordability trend can also be seen further north, with areas such as Chesterfield and Sheffield continuing to offer relatively accessible property prices compared with many parts of the country. This wider regional affordability is helping to support activity across the northern and East Midlands markets, while Nottingham continues to benefit from its own strong combination of affordability, employment opportunities and excellent transport links.

First-Time Buyers Are Holding Their Ground

First-time buyer activity nationally is only 1% below 2024 levels — performing better than the wider market. Rightmove attributes this partly to lenders offering higher loan-to-value products, making it easier for buyers with smaller deposits to proceed. Prices in the typical first-time buyer sector are also slightly lower than a year ago, which is supporting affordability without requiring buyers to overstretch.

For first-time buyers in Nottingham this is an encouraging picture. The combination of improving mortgage rates, realistic pricing from sellers and continued lender appetite at higher loan-to-value ratios means the conditions for getting on the ladder are more favourable than they have been for some time.

What This Means If You Are Thinking of Buying or Selling

If you are considering selling with our estate agents in Nottingham, the data supports acting now rather than waiting. Buyer choice is high, which means correctly priced homes sell while overpriced homes sit. Getting your pricing right from day one is essential — and that starts with an accurate, up-to-date valuation from an agent who knows your local market.

If you are buying, falling mortgage rates and a well-supplied market mean you have both choice and improving affordability on your side. Taking professional advice on the right mortgage product for your circumstances — particularly given the rate movements in recent months — is worth doing before you commit to a purchase.

At Benwell Daykin, we have been selling and letting property across Nottinghamshire for many years. If you would like a free, no-obligation valuation or want to discuss the current market in your specific area, call us or visit our office — we are always happy to help.

`

Posted on

UK Housing Market Predictions 2026

2026 UK House Price Outlook

The UK housing market is set for a stable, steady year in 2026, with national house prices expected to rise by around 2%. While this is modest growth, it marks a welcome return to balance after several years of uncertainty. Buyers have more choice, sellers are becoming more realistic with pricing, and agents are perfectly positioned to guide the market with expertise.

A calmer, more stable market

After a period of volatility, 2026 is offering both buyers and sellers a calmer environment. Increased stock levels mean those looking to move have better choice and less pressure, while sellers who price sensibly are continuing to achieve strong interest. With clearer conditions and fewer bidding wars, the market is becoming more predictable — ideal for confident, well-supported moves.

Budget clarity could boost activity

The upcoming Budget remains a key talking point. Any adjustments to property taxes could encourage hesitant buyers to re-enter the market, potentially increasing activity in the months following the announcement. Many prospective movers are currently in a holding pattern, meaning the release of this “pent-up demand” could bring renewed energy to 2026.

Strong fundamentals for long-term growth

Forecasters expect the wider economic picture to steadily brighten after 2026, with inflation easing, GDP improving and interest rates set to gradually reduce. These trends are expected to support stronger price growth from 2027 onwards. Buyers purchasing in 2026 may therefore benefit from improved affordability ahead and meaningful capital growth over the medium term.

Regions with the strongest potential

More affordable regions are predicted to outperform the national average over the coming years. The North East, Yorkshire & The Humber, Scotland, Wales and the North West all show strong value and growth potential, making them especially appealing for both homebuyers and investors. The Midlands are also expected to perform above average. London, while slower in near-term growth, continues to offer long-term stability and lifestyle appeal.

What this means for buyers and sellers

Buyers in 2026 will benefit from greater choice, more negotiating power and fairer pricing across much of the country. It’s a year where careful, strategic purchasing can pay off. For sellers, accurate pricing and strong presentation are more important than ever — well-marketed, sensibly priced homes are still selling quickly. Estate agents who offer expert guidance, clear valuations and strong digital marketing are well positioned to thrive in this balanced market.

Looking ahead

While 2026 may not bring dramatic price rises, it offers something arguably more valuable: stability. This steady foundation creates the ideal conditions for long-term planning, smart investment and confident moving. With medium-term forecasts pointing to stronger growth through to 2030, buyers and sellers who act in 2026 are well placed to benefit from improving conditions ahead.

Looking to move home in 2026?

Benwell Daykin provides free property valuations. Contact us today.

Posted on

Bank of England Cuts Interest Rates Again

The Bank of England has lowered its base interest rate to 4.25%, a slight drop from the previous 4.5%. This is the fourth cut within the past year as policymakers continue to steer the economy through uncertain conditions. The decision reflects ongoing concerns about inflation and global trade tensions.

Why Has The Bank of England Made This Decision?

The central bank is facing a delicate balancing act. While inflation remains slightly above target, there’s growing pressure from slowing economic activity and trade disruptions. Rate cuts are intended to make borrowing cheaper, stimulate investment, and support consumer spending — especially in the face of international headwinds.

Bank of England Governor, Andrew Bailey, emphasised that future rate changes will likely be slow and cautious. While he avoided giving firm predictions, his comments suggest that additional cuts are possible if economic conditions remain fragile. His tone was steady, pointing toward a carefully managed decline in rates over time.

But not all members of the Bank’s Monetary Policy Committee were aligned. While a majority supported the 0.25 percentage point cut, some favoured an even deeper reduction, and others argued for no change at all. This division highlights the complexity of the economic situation and differing views on how best to respond.

What This Means for Mortgage Rates

For borrowers, especially those on variable-rate loans or tracker mortgages, the cut could lead to slightly lower monthly payments. However, with most homeowners locked into fixed deals, the immediate impact may be limited. Mortgage rate drops don’t happen immediately, but if you are coming to the end of your fixed period, remember to speak to a qualified mortgage advisor within the next month or so.

Average two- and five-year fixed deals are trending lower, offering some relief to those renewing their deals. Roughly 600,000 households with tracker mortgages will benefit more directly, with some seeing reductions of around £30 a month.

The Outlook for the Property Industry

The latest reduction in interest rates to 4.25% is likely to offer a modest boost to the property sector, particularly by improving affordability for prospective buyers. Lower borrowing costs can make mortgages slightly cheaper, encouraging more people to enter the housing market or upsize. This could help support house prices and transaction volumes, both of which have shown signs of softening in recent months.

However, the impact will be gradual, as the majority of homeowners remain on fixed-rate deals that won’t change until their renewal. For developers and investors, cheaper financing may ease pressure on project costs and improve margins, though wider economic uncertainty and cautious consumer sentiment are likely to temper any major surge in activity.

Ready To Make That Move?

Ready to make the most of this further drop in interest rates?
As more buyers look to enter the market, now may be a great time to sell. Book your free property valuation. You can also call us on 0115 990 2007.

Posted on

Easter Colouring Competition 2025

Benwell Daykin’s annual colouring competition is back for 2025!

Every year, Benwell Daykin Estate Agents runs a competition in line with Easter.

The competition has several different age categories, with a simple Easter design for children and a more complex design for adults.

Whether you have children who would like to take part, or if you simply want to put your adult colouring skills to the test, download our 2025 Easter designs here.

Please return entries to the office on High Street in Ruddington by 18th April 2024.

And if you’d like to find out how much your property is worth with a free valuation, we can speak to you about this at the same time!

Good luck to everyone taking part and Happy Easter!

Colouring competition downloads:

Benwell Daykin Childrens Easter Competition 2025
Benwell Daykin Adults Easter Competition 2025

Posted on

Mortgage Relief at Last? Bank of England Slashes Interest Rates

Bank of England Cuts Interest Rates Amid Economic Stagnation

The Bank of England has announced its first interest rate cut of the year, reducing the base rate from 4.75% to 4.5%. The decision was made at the latest meeting of the Monetary Policy Committee (MPC), with all nine members voting in favour of a reduction. While seven members supported a 25-basis-point cut, two advocated for a more aggressive approach, favouring a 50-basis-point reduction.

This move was widely anticipated by financial markets and economists and is not unexpected.

Inflation Slows, Prompting Rate Cut

One of the key factors behind the decision was the latest inflation data, which showed a lower-than-expected increase in consumer prices. The annual inflation rate declined from 2.6% to 2.5%, defying expectations that it would remain steady or rise slightly to 2.7%. This unexpected slowdown provided the Bank of England with additional justification to lower borrowing costs, aiming to support economic growth without risking a surge in inflationary pressures.

Inflation has been a significant concern for policymakers in recent years, with persistent cost-of-living pressures impacting households and businesses alike. However, with inflation now edging closer to the Bank of England’s 2% target, the case for maintaining higher interest rates has weakened.

Economic Stagnation Increases Pressure

In addition to the inflation slowdown, recent economic data has painted a concerning picture of stagnation. UK gross domestic product (GDP) figures have shown minimal growth, putting further pressure on policymakers to stimulate the economy.

After contracting by 0.1% in both September and October, the economy recorded a marginal 0.1% expansion in November. While this slight growth prevented the UK from slipping into a technical recession, it did little to alleviate concerns over economic stagnation. The Bank of England’s rate cut is expected to provide some relief by reducing borrowing costs for businesses and consumers, potentially encouraging investment and spending.

Implications for the Property Market

The interest rate cut will have mixed implications for different groups within the economy. For mortgage holders, especially those on variable-rate or tracker mortgages, the reduction in the base rate could translate into lower monthly payments, easing financial pressures. Prospective homebuyers may also find mortgage rates becoming slightly more affordable, potentially boosting activity in the housing market.

Looking Ahead Within The Property Space

The Bank of England’s decision to cut interest rates marks a shift in monetary policy after a prolonged period of tightening aimed at controlling inflation. However, the big question now is whether this is just the beginning of a new cycle of rate cuts – and how it will shape the UK property market in the coming months.

If inflation continues to ease and economic conditions remain weak, the Bank may opt for further reductions later this year. This could provide more stability for homeowners and encourage prospective buyers to return to the market with renewed confidence. Mortgage lenders are likely to adjust their rates gradually, meaning homebuyers could see slightly better deals over time. However, the extent of these benefits will depend on how aggressively the Bank of England continues to cut rates.

One potential consequence of lower borrowing costs is increased demand for property. As mortgage rates become more attractive, more buyers may enter the market, driving up competition—especially in areas with a limited supply of housing. If demand rises significantly, house prices could begin to climb again after a period of relative stagnation. This would be good news for homeowners looking to sell but could create fresh affordability challenges for first-time buyers.

For those with existing mortgages, particularly those due to remortgage, lower interest rates offer a glimmer of hope after a challenging period of rising costs. However, fixed-rate mortgage deals are still being priced cautiously by lenders, meaning homeowners may not immediately see significant reductions in repayments. Borrowers should keep a close eye on the market to secure the best possible deals in the months ahead.

Investors in the buy-to-let sector will also be watching closely. With borrowing costs falling, landlords may feel more confident about expanding their portfolios, especially in high-demand rental areas. However, ongoing regulatory changes, tax implications, and concerns about rent controls could still pose challenges. The property market’s recovery will depend not just on interest rates but also on broader economic conditions, wage growth, and government policy.

Ultimately, while the Bank of England’s rate cut is a positive sign for homeowners and buyers, the full impact on the housing market will take time to unfold. Much will depend on whether this marks the start of a sustained downward trend in interest rates or a one-off adjustment. Either way, the property market looks set for an interesting year ahead.

Need advice?

Whether you’re looking to sell, buy or get a mortgage, Benwell Daykin can help. We’re one of the leading estate agencies in Nottingham.

Call us on 0115 990 2007.