Home to The Beatles and two major Premier League football teams, Liverpool has a long-standing reputation for its cultural offering, maritime heritage, and inspiring architecture. With an expected growth of almost £12.8bn by the end of 2023, and an estimated 5,800 new jobs being created this year, this city has an ever-growing economy; and that’s not the only area of growth! Liverpool’s property market continues to outgrow many of the nearby cities and larger towns nearby, making it an appealing prospect for many.
This thriving market saw prices increase by 13.2% over 2022, with average house prices sitting at £216,882 which was up 5% on the previous year. Liverpool has a quickly expanding market that shows no sign of slowing down.
Living in Liverpool will give you a real insight in to a cool, metropolitan city. If you are looking to purchase a property in Liverpool, we’re on hand to help. Use our search tool to find the top Liverpool mortgage advisers for you.
Search our directory to find the best-rated mortgage advisers in Liverpool. Here are a few to get you started
Liverpool has relatively low property prices and a high rental demand, making it an ideal spot for first-time buyers and those looking to invest in a buy-to-let (BTL) property.
A premium destination– This exciting city, has a reputation for sport, music, culture, and its social scene. There are numerous offerings from bars and eateries to museums and music venues. In fact, the booming leisure and hospitality sector is what drives and defines Liverpool’s economic growth and has driven a regeneration of the entire city.
BTL opportunities– Rental yields in Liverpool tend to sit between 5.1% and 6.2%, depending on the specific location and property type, meaning the BTL opportunities here are great. As one of the best-loved student cities in the UK, the student population sits at an impressive 70,000 meaning there is a high demand for accommodation. When you combine this with the number of young professionals in the city, you can see that there is a thriving rental sector.
Excellent transport links– Liverpool has a well-developed transport network that provides plenty of options for getting around the city and further afield. With an excellent bus network, trains, air, and sea options available it is easy to get around. And the city even has its own underground system which operates between the city centre and suburbs.
Strong investment– Liverpool’s investment future looks bright thanks to its growing population, busy rental market, and affordable property prices. Not only that but the city is undergoing significant regeneration with new developments and infrastructure projects underway.
Getting on to the property ladder in Liverpool can be challenging for some buyers, especially first-time buyers, or those on lower incomes. The good news is that property prices in Liverpool are considered more affordable compared to other areas of the country which can be helpful to those with a smaller budget.
Using a mortgage adviser to help you with your purchase is recommended as they are best placed to advise you throughout. Not only are they on hand with important advice but they also have access to exclusive offers that aren’t widely available on the market.
Liverpool mortgage advisers will also be able to help you with the paperwork to speed up your application, 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 Liverpool itself, will help make the process smoother for you.
Steeped in history, music, and football, Liverpool is famed for its culture, including theatres, galleries, festivals, and museums- in fact, the city boasts the largest number of museums outside of London!
Liverpool is perfect for shopaholics, offering an exciting and diverse shopping experience, with an impressive variety that will suit all tastes and budgets. Home to multiple popular shopping destinations, there is a large shopping centre, high street shops, and independent boutiques across the city, as well as traditional markets too.
This lively city really does have something for everyone, and if you are all shopped out or have made your way through all the museums, you might want to delve further into the social scene. Head to one of the city’s beautiful green spaces, or check out one of the renowned bars, clubs, and restaurants that offer a lively atmosphere.
Liverpool has relatively low levels of crime and is a safe place to live. Of course, like all major cities, there are some areas that are considered safer than others but crime rates in the city have decreased in recent years, and there are many safe and vibrant neighbourhoods to choose from.
Search today using our directory tool to find a mortgage adviser in Liverpool that can help you on your hunt to secure the perfect property.