Mortgage Brokers in Manchester - Get Best Rates With Octagon Capital

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Manchester’s property market offers a diverse range of options for homebuyers and investors. As a vibrant city, it boasts a variety of popular locations to consider when buying property.

Whether you’re looking for a character-filled terraced house or a modern riverside development, there are a range of options to suit all budgets and tastes. The city’s dynamic property market ensures that buyers can find their ideal home in a thriving and culturally rich environment.

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

The average price for a property in Manchester is around £200,000 to £250,000. Generally, lenders in Manchester often expect a deposit of at least 5-20% of the property’s purchase price. 

It is important to note that a higher deposit can often lead to more favorable mortgage rates and options. For example, providing a deposit of more than 10% or 20% may increase your chances of accessing competitive interest rates.

The specific deposit amount needed depends on factors such as the property’s value, your financial circumstances, and the lender’s criteria.

What Are The Requirments For A Mortgage in Manchester?

To qualify for a mortgage in Manchester, your mortgage lender will often consider the following:

  • Your credit rating
  • Any debts you might have 
  • Your income and employment history
  • The value of the property you are looking to purchase

What Different Types of Mortgage Can I Get in Manchester?

There are a number of type of mortgage that you can get in Manchester, these include:

  • Fixed-rate mortgages
  • Tracker mortgages
  • Interest-only mortgages
  • Government-backed schemes such as Help to Buy 

Take time to consider which mortgage is best for you. There are pros and cons to each type – get in touch with a member of our team today for the best mortgage rates wherever you are located in Manchester.

what is a bridging loan

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

How Quickly Can I Get A Mortgage In Manchester?

The time required to complete a mortgage process in Manchester can range from several weeks to a few months. However, the timeline can vary based on various factors, including the specific lender’s processes, your financial situation, and the complexity of the transaction.

It’s important to note that each mortgage application is unique, and factors such as property valuations, credit checks, and legal processes can impact the overall timeline.

Working closely with your lender, mortgage advisor, and other relevant parties can help ensure a smooth and timely mortgage process in Manchester.

Is Manchester A Good Place To Buy A Property?

There are a number of reasons Manchester is a good place to buy a property and get a mortgage. Manchester is a vibrant city known for its rich cultural heritage, providing an exciting and diverse lifestyle.

With its vibrant arts scene, sporting events, and diverse culinary options, living in Manchester ensures a high quality of life and a range of leisure activities to enjoy..

Manchester’s property market has also demonstrated strong appreciation over time, offering potential for long-term investment gains. So even if you have a low deposit, get started on your property journey today.

What Costs Can I Expect With Getting A Mortgage In Manchester?

If you are looking to get a mortgage in Manchester, there are some costs for you to consider, including:

  • Valuation and Arrangement fees 
  • Legal fees 
  • Any necessary property maintenance
  • Stamp duty or other taxes (if applicable)
  • Insurance premiums

Can I Get My Property Remortgaged in Manchester?

Yes, you have the option to remortgage your property in Manchester. Remortgaging involves either transferring your current mortgage to a new lender or renegotiating the terms with your existing lender.

Many individuals consider remortgaging to benefit from improved interest rates, obtain additional funds, or modify the mortgage term according to their needs. By exploring the remortgage process, you can potentially secure more favorable terms and potentially save money in the long run.

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

Yes, it is possible for foreign nationals or non-UK residents to purchase a property in Manchester. However, it’s important to note that there may be additional requirements and restrictions based on your residency status.

To navigate the process smoothly and ensure you meet the necessary requirements, it is highly recommended to seek guidance from mortgage advisors and legal professionals who specialise in assisting non-UK residents.

Can I Get Government Help to Pay My Mortgage in Manchester?

Yes, there are government schemes available in Manchester to help improve mortgage affordability. One notable program is the Help to Buy scheme, designed to assist eligible buyers in purchasing a property.

Local housing associations and Manchester City Council may provide support or affordable housing options, making mortgages more accessible to specific individuals or families. These initiatives aim to make homeownership more achievable, particularly for first-time buyers or those with lower incomes.

Where Can I Get A Mortgage In Manchester?

Manchester offers a variety of neighborhoods and areas that are popular for obtaining mortgages. Each area has its own distinct characteristics and amenities so you will be able to find something to suit all preferences and budget.

Some locations in Manchester worth considering include the City Centre, the Northern Quarter, Didsbury and Chorlton.

These are just a few examples, and Manchester has many more neighborhoods to explore, each with its own unique charm and housing options. These include:

  • Abbey Hey
  • Alport Town
  • Ancoats
  • Ardwick
  • Ardwick Green
  • Baguley
  • Barlow Moor
  • Belle Vue
  • Benchill
  • Beswick
  • Blackley
  • Bradford-with-Beswick
  • Bradford
  • Brooklands
  • Burnage
  • Burnage
  • Castlefield
  • Cheetham
  • Chorlton
  • Chorlton Park
  • Chorlton-cum-Hardy
  • Chorlton-on-Medlock
  • Chorltonville
  • Chorltonville
  • Circle Square
  • Clayton
  • Collyhurst
  • Crumpsall
  • Didsbury
  • Fallowfield
  • Gorton
  • Great Heaton
  • Green Quarter
  • Greenheys
  • Harpurhey
  • Highfield Country Park
  • Hulme
  • Ladybarn
  • Levenshulme
  • Longsight
  • Merseybank
  • Miles Platting
  • Moss Side
  • Moston
  • New Islington
  • New Moston
  • Newall Green
  • Newton Heath
  • Northenden
  • Northern Moor
  • Northern Quarter
  • Old Moat
  • Old Moat
  • Openshaw
  • Parrs Wood
  • Peel Hall
  • Ringway
  • Sharston
  • Smedley
  • Spinningfields
  • St John’s
  • Strangeways
  • Victoria Park
  • West Gorton
  • Whalley Range
  • Withington
  • Woodhouse Park
  • Wythenshawe

Why Should I Apply For A Mortgage In Manchester With Octagon Capital?

Octagon Capital works with over one hundred lenders meaning we can match you with the best mortgage rates wherever in Manchester you are located.

It is free to apply, and you can have a call back from us the very same day as applying. Get started now!

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).