Manchester is a highly desirable location to purchase property thanks to its thriving economy, top-rated universities, and diverse culture.
With this in mind, it is no wonder that the demand for property is high in this major UK city. The average property price in 2022, sits at £285,493, and there is no sign of the Manchester property market slowing down anytime soon.
Living in Manchester means you will see the very best of what this vibrant city has to offer. If you are looking to purchase a property in Manchester, we’re here to help. Use our search tool to find the best Manchester mortgage advisers for you.
Search our directory to find the best-rated mortgage advisers in Manchester. Here are a few to get you started
Like most major cities, rental properties are hugely expensive which makes home ownership more appealing to many, not to mention the returns you make on properties in Manchester.
With that in mind, the demand for rental properties is still booming, as there are many that cannot afford to make the move on to the property ladder, making Manchester an ideal location if you are looking for a buy-to-let (BTL) property.
A premium destination- Manchester benefits from a thriving economy, with high employment rates as well as plenty of career opportunities. Known in particular for being a banking and finance hub, it also houses some major fashion retailer head offices. The city is home to some seriously luxurious destinations, including shops, restaurants, and hotels.
BTL opportunities- With a high volume of students and young professionals, Manchester offers fantastic BTL opportunities. Average rental yields across the city can be as high as 6.15%, with Salford being a notable area.
Excellent travel links- Manchester has excellent transport links, serving as a travel hub for the North of England. Highlights include an extensive tram network, national and international rail services, and Manchester Airport, which is one of the busiest in the UK.
Strong investment- Manchester’s property market is often considered one of the most reliable and profitable to invest in. Even in times of economic uncertainty, property prices in this reliable city continue to grow.
Getting on to the property ladder in Manchester is known to be particularly challenging, especially for first-time buyers, who are often expected to stump up large deposits. Using a mortgage adviser to help you with your purchase is recommended as they are best placed to advise you throughout the purchasing process. Another advantage is that they may have exclusive offers with lenders that aren’t widely available.
Manchester mortgage advisers will also be able to help you with paperwork to speed up applications, as well as analyse all costs and features of the mortgage, not just the interest rate. Ultimately, property purchasing is not without stresses and by using a mortgage adviser that has a strong knowledge of both the property market and Manchester itself, will help make the process smoother for you.
A lively city, you will be sure to find something to suit everyone in Manchester, from independent cafes to beautiful green spaces. There is also an excellent selection of shops as well as an opportunity to explore cultural interests in the city’s offering of museums and theatres.
Of course, you can’t ignore the fact that Manchester is home to two of the greatest football clubs in the world, United and City. If you are a football fan, regardless of your team, it is well worth booking on for a tour of these two stadiums.
One of the most popular attractions in Manchester is the Museum of Science and Industry, which is housed in the city’s oldest surviving passenger railway station. With many interactive exhibits that showcase the city’s vast history, it is a great place for both adults and children alike.
For those amongst us that love the great outdoors, Manchester has plenty of green spaces ready to be explored. Heaton Park is one of the city’s largest parks, with over 600 acres of woodlands, lakes, and gardens and even has a farm and a gold course!
An important aspect of moving to a new area is always going to be safety. Thankfully, Manchester is one of the safest cities in the country, with a strong police presence that keeps crime rates low. There have been significant strides made in recent years to ensure Manchester becomes a safer city, for example, the police have implemented a range of measures to reduce crime. These include increased patrols in high-risk areas and community engagement programs that help to build trust and reduce tensions between different groups.
Although there are plenty of quiet spaces, it’s really a city that never sleeps and it’s this hustle and bustle that adds to its charm, alongside its perfect blend of contemporary and historical architecture.
Search today using our directory tool to find a mortgage adviser in Manchester that can help you on your quest to secure the perfect property in the capital.