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Mortgage Broker Liverpool

Get The Best Mortgage Rates In Liverpool With Deedle

Tell us your requirements and receive a same day callback. Speak to our expert mortgage advisors today to purchase your property in Liverpool!


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What Mortgages Can I Get in Liverpool?

Different types of mortgages Deedle can help you find include but are not limited to residential and buy to let mortgages in Liverpool. There are many options for first time buyers and next time buyers including repayment or interest only mortgages.

As well as this, Deedle can connect you to lenders who offer Affordable Housing scheme mortgages in Liverpool, equity release mortgages, bad credit mortgages, mortgages with a guarantor, self employed mortgages, joint mortgages and low income mortgages to name a few. There is also the option to remortgage a property in Liverpool or to remortgage with bad credit.

4 Easy Steps To Apply For A Mortgage In Liverpool

Step 1
Fill in Our Online Form
Enter key details on our online form including your name, contact information and requirements. This will take less than 2 minutes to complete.
Step 2
Receive A Callback
You will receive a callback almost straight after submitting the form from expert advisors who will explain the next steps of the mortgage process to you.
Step 3
Check If You Qualify
Our dedicated professionals will ask for basic information such as your annual income. They will then use this to work out how much you can borrow and find the best rates.
Step 4
Receive Your Liverpool Mortgage
Once we have found a loan to suit your borrowing requirements, our advisers can submit your application to help you purchase the property as quickly as possible.

How Much Deposit Is Needed For A Mortgage In Liverpool?

Generally, lenders in Liverpool usually expect a deposit of at least 5-20% of the property’s purchase price. With the average price of a property in Liverpool totalling around £220,000, a typical deposit will range between £11,000 and £44,000 on average.

The higher the deposit, the more favourable terms you will get such as lower interest rates. So it is ideal to save closer to 20% of the property’s full value. The amount you need to pay for the deposit will also depend on the property’s value, the lender’s criteria and your financial situation.


Different Types of Mortgages Available

Fixed Rate Mortgages

  • A fixed rate mortgage allows borrowers to fix their mortgage rate for 2 to 15 years.

  • Repayments stay the same during that time.

  • You can usually overpay by 10% a year to reduce the total loan amount. Any more than this could lead to early repayment charges.

Discount Variable Rate Mortgages

  • Discounted variable rate mortgages mean that borrowers get a discounted rate for some time, usually between 2 and 5 years.

  • These mortgages tend to have the lowest interest rates and lowest monthly repayments.

  • However, interest rates and monthly repayments can go up or down.

Tracker Mortgages in Liverpool

  • Tracker mortgages follow the Bank of England’s base rate.

  • They are often a certain percentage above it, so they do not follow the same interest rate changes as fixed mortgages.

  • Monthly repayments can go up or down with a tracker mortgage.

Get The Best Mortgage Rates In Liverpool

Why Should I Enquire With Deedle?

Purchasing a property can be stressful so we are here to take the pressure off your hands. Deedle compares the best mortgage deals, with access to offers from 100s of lenders across the market. It is free and easy to apply and we are determined to get you the most competitive deal, whether you are based in Liverpool or anywhere else across the UK.


Where Can I Get A Mortgage In Liverpool?

Liverpool and its surrounding areas offer a variety of popular locations for buyers to consider when seeking a mortgage. Some sought-after locations in and around Liverpool include:

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

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How Can I Qualify For A Mortgage in Liverpool?

To qualify for a mortgage in Liverpool, most lenders will look at:

  • Your age
  • Your income
  • Your employment status
  • Your employment history
  • Your credit rating
  • Your debt-to-income ratio
  • The deposit amount
  • The desired property’s value
  • Your monthly outgoings

What Documentation Is Needed When Applying For A Mortgage In Liverpool?

The following documents are usually required when being assessed for a mortgage in Liverpool:

  • Proof of ID e.g your passport or driving license
  • Proof of postal address
  • Proof of income (usually the most recent three months of payslips)
  • Proof of deposit
  • Current or most recent P60
  • Your SA302 tax return forms if you are self-employed
  • Proof of any bonuses or commission if applicable

Frequently Asked Questions About Mortgages in Liverpool

What Costs Will I Have To Pay When Purchasing A Property?

If you are looking to get a property, costs will include the deposit, the monthly mortgage payments, valuation fees, arrangement fees, stamp duty taxes and legal fees. You may also wish to pay for home insurance, property renovations, new furniture and moving costs too.

How Long Does It Take For Mortgages To Be Approved in Liverpool?

The entire mortgage process in Liverpool can take approximately 6 to 12 weeks or longer. Timings may vary depending on factors such as the lender’s processing time, your financial circumstances, whether you are in a chain and the complexity of the transaction. Other factors that can influence the timings include the responsiveness of the parties involved, property valuations, credit checks and legal processes.

Are There Bad Credit Mortgage Brokers in Liverpool?

Yes, Deedle can assist you in getting a mortgage even if you have bad credit. The lender may just offer you less favourable terms such as higher interest rates. But do not worry as even with a poor credit history, there should be mortgage deals available for you. Whether you want to buy a flat, house, bungalow or maisonette in Liverpool, we will endeavour to find the best solution possible.

What Are The Advantages And Disadvantages Of Buying A Home in Liverpool?

From the bustling city centre with its iconic waterfront, to the leafy suburbs of Aigburth and Woolton, Liverpool offers something for everyone. The thriving economy, rich cultural heritage and excellent transport links make Liverpool a wonderful place for homebuyers to find their dream property, especially since the average house prices in Liverpool also tend to be lower than in cities like London, making it more accessible for those looking to get onto the property ladder.

However, in certain popular areas of Liverpool, particularly desirable neighbourhoods or city centre locations, the supply of available properties may be limited, driving up prices. Moreover, leasehold properties are prevalent in Liverpool, especially in the case of flats and apartments which can involve ongoing costs such as ground rent and service charges. As well as this, certain areas of Liverpool, particularly those near rivers or at risk of flooding, may have higher insurance premiums than other parts of the UK.

Are There any Mortgage Programmes Or Initiatives in Liverpool?

Yes, there are Liverpool specific mortgage programmes and initiatives that exist. For example, the Liverpool Local Mortgage Scheme is a programme designed to support first time buyers and existing homeowners who are unable to access mainstream mortgage products, in partnership between Liverpool City Council, the Liverpool Housing Trust and selected lenders.

The Liverpool City Council also offers various homeownership initiatives to support local residents including the Rent to Buy scheme and the Discounted Sale scheme. Moreover, the Liverpool Housing Partnership is an initiative which combines the efforts of Liverpool City Council, local housing associations and developers to deliver affordable housing options across the city through shared ownership schemes.

What Should I Consider Before Applying For A Mortgage?

Before applying for a mortgage, you should compare the different mortgage types to work out which is best suited to you. Our advisers will be able to help you decide and can explain the pros and cons of each type.

Make sure the terms of your loan is suited to your financial situation, with affordable monthly payments, an interest rate you are comfortable with and clear terms that you fully understand. You should also think about how you are going to pay off the loan at the end of your mortgage term.

Are There Any Restrictions or Requirements When Buying A Property in Liverpool?

It is common for flats and some houses to be sold on a leasehold basis rather than freehold basis in Liverpool. 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. Moreover, properties located within Liverpool’s designated conservation areas or listed buildings may be subject to additional planning restrictions and requirements.