Famed for its links to Robin Hood, Nottingham is a city in the East Midlands of England. It has a renowned heritage, excellent education institutions, and a strong economy with plenty of job opportunities.
These reasons alone make it no surprise that Nottingham is a desirable location in the UK to purchase property. Whilst the demand is high, the prices are far more affordable than other major cities, with the average property price at £246,327 in 2022. The affordability of property in Nottingham makes it an ideal location for first-time buyers or those looking for a more budget-friendly option.
If you are looking to purchase a property in Nottingham, we’re on hand to help. Use our search tool to find the best Nottingham mortgage advisers for you.
Search our directory to find the best-rated mortgage advisers in Nottingham. Here are a few to get you started
Like most major cities, rental properties can be pricey which makes home ownership more appealing to many, with the returns you make on properties in Nottingham adding to the appeal.
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 Nottingham an ideal location if you are looking for a buy-to-let (BTL) property.
A thriving city – Nottingham is a bustling city with a diverse culture, excellent shops, restaurants, and entertainment options. It’s also home to a number of historical landmarks, including Nottingham Castle, the Lace Market, and the Robin Hood Statue.
Buy-to-let opportunities – With two world-class universities and a high volume of graduate jobs, Nottingham is an excellent buy-to-let market. The average rental yields have increased in the city recently, with areas such as Bulwell and St Ann’s offering yields of around 5%.
Excellent transport links – Nottingham is well-connected, with a reliable public transportation system that includes trams, buses, and trains. The city is also close to major motorways, making it easy to travel to other parts of the country.
A strong investment – Nottingham’s property market is growing, and the city is expected to see a rise in property prices in the coming years, making it a profitable investment opportunity.
Getting on to the property ladder in Nottingham can be stressful, 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 purchase. Another advantage is that they may have exclusive offers with lenders that aren’t widely available.
Nottingham 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 Nottingham itself, will help make the process smoother for you.
Offering a high quality of life, with affordable housing, excellent schools, and plenty of green spaces Nottingham, is vibrant and exciting. Living in the city can be a wonderful experience for many reasons, but it’s safe and welcoming feel are certainly key factors.
With a relatively low crime rate, Nottingham is a safe city to live in although, as with many cities, there are some areas that are safer than others, but there are also numerous neighbourhood schemes and community groups that promote safety across the city.
You can’t think of Nottingham without thinking of the legendary outlaw, Robin Hood, and visitors can explore the historic sites associated with the famous folklore hero, such as Nottingham Castle and Sherwood Forest. And if that isn’t enough of a cultural dose for you, the city has a number of theatres, galleries, cinemas, and museums.
For the retail therapists amongst us, Nottingham doesn’t disappoint. The city centre is home to two shopping centres, as well as many independent stores and boutiques. The city is also hosts regular markets, including the historic Nottingham Market, which has been operating since the 16th century.
Despite being a bustling city, Nottingham has plenty of green spaces to enjoy. Head to the beautiful Arboretum Park, which features a boating lake, flower gardens, and a children’s playground. The nearby Wollaton Hall and Deer Park is another popular spot for picnics and walks, and the Nottingham Canal provides a peaceful place to stroll along the water.
Search today using our directory tool to find a mortgage adviser in Nottingham that can help you on your quest to secure the perfect property in the capital.