Mortgage Brokers in Liverpool

Get The Best Mortgage Deals In Liverpool

With its thriving economy, excellent transport links, and a thriving property market, Liverpool presents a unique opportunity for homebuyers to find their dream property and experience the best this vibrant city has to offer.

Situated along the River Mersey, Liverpool boasts a diverse range of neighbourhoods, each with its own distinct character and charm. From the trendy and bustling city centre with its iconic waterfront, to the leafy suburbs of Aigburth and Woolton, Liverpool offers something for everyone.

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How Much Deposit Do I Need for a Mortgage in Liverpool?

Typically, a deposit of at least 5% to 20% of the property’s purchase price is required. Using Liverpool’s average house price of £218,944 as a reference, a minimum deposit would range from approximately £10,947 to £43,789.

This will depend on the location and type of property, among other factors. For example, Liverpool World cites the average price for a flat in Liverpool as £136,174. This means that for a flat, you would be looking at a figure from £6,809 to £27,235, approximately.

How Can I Qualify for a Mortgage in Liverpool?

Lenders in Liverpool may each have their own specific set of requirements, but generally, to be eligible for a mortgage, most lenders will look into the following criteria:

  • Credit rating: A high credit rating gets you the best interest
  • Income
  • Employment record
  • Debt-to-income ratio: The lower the better, with 35% or less being ideal
  • Property value: Price of the home you want to buy


What Types of Mortgages Are Available in Liverpool?

Some common types of mortgages offered in Liverpool include:

  1. Fixed-Rate Mortgages: Fixed-rate mortgages are popular in Liverpool and across the UK. With this type of mortgage, the interest rate remains fixed for a specified period, typically between 2 to 10 years.
  2. Variable-Rate Mortgages: Variable-rate mortgages, also known as tracker mortgages, have interest rates that fluctuate based on the Bank of England’s base rate or the lender’s standard variable rate (SVR).
  3. Shared Ownership Mortgages: Shared Ownership schemes are a popular choice in Liverpool, allowing buyers to purchase a share of the property while paying rent on the remaining portion. These mortgages typically require a lower deposit than traditional mortgages.
  4. Buy-to-Let Mortgages: Liverpool’s vibrant property market makes it an attractive city for buy-to-let investors who want to buy properties to let out to tenants.
what is a bridging loan

Speak to Octagon Capital on 0333 414 1491 for mortgages at a range of different LTVs.

Are There Any Liverpool-Specific Mortgage Programs or Initiatives?

Yes, there are Liverpool-specific mortgage programs and initiatives available to homebuyers in the city. For example, The Liverpool Local Mortgage Scheme is a program designed to support first-time buyers and existing homeowners who are unable to access mainstream mortgage products, in partnership between Liverpool City Council, Liverpool Housing Trust, and selected lenders.

Are There Any  Restrictions or Requirements for Properties in Liverpool?

In Liverpool, it is common for flats and some houses to be sold on a leasehold basis rather than freehold. Leasehold properties come with certain obligations, such as paying ground rent and service charges, and may have specific lease terms that buyers need to consider.

Local planning policies and regulations set by Liverpool City Council can also impact property development, extensions, and alterations.Liverpool has several conservation areas and a significant number of listed buildings due to its rich architectural heritage. Properties located within these areas or designated as listed buildings may be subject to additional planning restrictions and requirements.

How Long Does It Take To Complete a Mortgage Process in Liverpool?

The entire mortgage process in Liverpool can take approximately 6-12 weeks or longer, depending on various factors, including:

  • The complexity of the transaction
  • The responsiveness of involved parties
  • Any unforeseen circumstances

What Are the Advantages of Buying a Home in Liverpool?

Liverpool has undergone significant regeneration efforts in recent years, including the development of iconic waterfront projects such as the Albert Dock and Liverpool Waters. The city is home to world-class museums, galleries, and historic landmarks, including the UNESCO-listed Liverpool Maritime Mercantile City. The vibrant music history, being the birthplace of The Beatles, adds to its cultural appeal.

Liverpool’s strategic location in the North West makes it well-connected to other major cities in the region, as well as to national and international destinations via the Liverpool Lime Street railway station and Liverpool John Lennon Airport.

Despite all this, the average house prices in Liverpool tend to be lower than in cities like London or Manchester, making it more accessible for first-time buyers and those looking to get onto the property ladder.

Do Liverpool Neighbourhood Considerations Impact Mortgage Rates?

Lenders may offer more competitive rates for properties located in highly sought-after and desirable neighbourhoods with good schools, amenities, low crime rates, and strong property value appreciation.

Neighbourhoods undergoing significant regeneration and redevelopment projects may also lead to more competitive rates, as this regeneration will lead to higher home value.

On the other hand, neighbourhoods with higher crime rates or a reputation for being less desirable may face higher mortgage rates due to the elevated risk. On the other hand, house prices in riskier neighbourhoods tends to be lower.

Can I Buy a Property in Liverpool as a Foreign National or Non-UK Resident?

Yes, it is possible for foreign nationals are generally allowed to buy property in the UK, including Liverpool. However, there are restrictions on purchasing certain types of properties, such as agricultural land or properties located near military installations.

Non-residents who do not have the right to live in the UK may face more stringent requirements when applying for a mortgage. Some lenders may have specific criteria for non-UK residents, such as requiring a larger deposit or proof of income from a recognised source.

Will the Liverpool Government Help Pay My Mortgage?

The Liverpool City Council offers various homeownership initiatives to support local residents. These include the Rent to Buy scheme, which allows tenants to build up a deposit while renting a council or housing association property, and the Discounted Sale scheme, offering discounted prices for specific properties.

The Liverpool Housing Partnership is an initiative combining the efforts of Liverpool City Council, local housing associations, and developers to deliver affordable housing options across the city. The partnership offers shared ownership schemes, providing buyers the opportunity to purchase a percentage of the property and pay rent on the remaining share.


What Are the Disadvantages of Buying a Home in Liverpool?

Leasehold properties are prevalent in Liverpool, especially in the case of flats and apartments. While leasehold ownership can offer certain advantages, such as access to communal facilities and services, it also comes with responsibilities and potential ongoing costs, such as ground rent and service charges.

In certain popular areas of Liverpool, particularly desirable neighbourhoods or city centre locations, the supply of available properties may be limited, driving up prices.

Finally, certain areas of Liverpool, particularly those near rivers or at risk of flooding, may have higher insurance premiums or specific insurance requirements.

What Are Some Popular Locations to Consider for a Mortgage in and Around Liverpool?

Liverpool and its surrounding areas offer a variety of popular locations for homebuyers to consider when seeking a mortgage. The trendy Baltic Triangle and the charming Georgian Quarter are known for their cultural scenes, whereas Sefton Park and Allerton offer picturesque surroundings. Some sought-after locations in and around Liverpool include:

  • Liverpool City Centre
  • The Baltic Triangle
  • The Georgian Quarter
  • Sefton Park
  • Allerton
  • Woolton
  • Crosby
  • Formby
  • Aigburth
  • Mossley Hill
  • Childwall
  • West Derby
  • Bootle
  • Anfield
  • Everton
  • Lark Lane
  • Wavertree
  • St. Michael’s Hamlet
  • Old Swan
  • Waterloo
  • Southport

Why Should I Choose Octagon Capital As My Mortgage Broker?

If you want to take the pressure of your hands, we can help you by comparing the best mortgage deals across the market. We have access to offers from over 100 lenders and can save you time in applying.

It is free and easy to apply and we have the drive to get you the most competitive deal, wherever you are located!

To explore your options with a member of our dedicated team, call us on 0333 414 1491 or email

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A maximum fee of 1% of the loan amount is payable – for example on a mortgage of £100,000 the fee would be £1,000, the exact fee will be dependent on your circumstances. For Bridging Finance where the net loan amount is £150,000 or below, the maximum fee charged is £1,995.

SPF Short Term Finance is a trading style of SPF Private Clients Limited which is authorised and regulated by the Financial Conduct Authority (FCA).