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Mortgage Brokers in Bristol

Interested in buying a property in Bristol but not sure where to start? Get expert advice and access to the best deals with an independent mortgage broker.

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Pete Mugleston

Author: Pete Mugleston - Mortgage Advisor, MD

Updated: July 6, 2021

The expert brokers we work with have arranged mortgages for customers buying a property in Avonmouth, Bristol Harbourside, St Pauls, Henbury, Southmead, Clifton, Kingswood, The Downs, Filton, Westbury-on-Trym and the Civil Parish of Winterbourne. Use the contact details below to get in touch.

Contact us

0808 189 2301  or make an enquiry

Open hours

Mon – Thurs: 9am – 6pm
Fri: 9am – 5pm
Weekend: Closed

If you’re not ready to purchase a property in Bristol and would like to find out more about buying a house in that area.

Why buy property in Bristol?

Bristol’s property scene has seen a significant increase in popularity in the last decade, with more people looking to live and work in the city. Bristol has also ranked the best place to live in the UK outside of London for under 26s, offering an ideal location for first time buyers.

If you’re in the market to buy, here are just a few reasons why buying a property in Bristol could be a smart move:

  • Great transport links
    Situated in the south-west, Bristol is comparatively cheaper and quieter to live in than London, yet offers excellent transport links to both the capital, Cardiff and surrounding cities.
  • Talent pool
    Bristol is an ideal location for start-up businesses due to the recent investment into business areas as well as being home to a redbrick university, so the wealth of talent in Bristol is impressive!
  • A wealth of culture
    The beautiful city has something for everyone, whether you visit the theatres, hidden bars, or even the castle – there’s plenty for everyone! The Bristonians have even created their own currency, the Bristol pound!
  • Best city to live in the UK 
    As if you needed more reason to buy a house in Bristol, it was also voted the best city to live in Britain by the Sunday Times. Awarded because of its combination of “extraordinary culture, impressive schools, buzzing culinary scene, exciting redevelopment and community spirit.”.

Most in-demand areas within Bristol

Whether you’re looking to enjoy nights out with pubs and clubs on your doorstep, settle down with a family or find a great area with the cheapest properties, Bristol has it all.

Below, we’ve listed just five of the most popular places to move to in the city.

  • Clifton: Home to the world-famous Clifton Suspension Bridge and Bristol Zoo Gardens, the average house will set you back around £830,000.
  • Totterdown and Temple Meads: One of the most affordable areas to live in Bristol, this urban village is ideal if you’re on a budget or a first time buyer, with average house prices of £111,324.
  • Leigh Woods: This idyllic green woodland is one of the most upmarket areas, just across the Clifton Suspension Bridge, with a 3-bed house selling in the realm of £800,000.
  • Redland and Cotham: With some of the best schools in the city, this area is a hotspot for families, as well as being ideally located close to the city centre. A property here could cost you £350,000.
  • Redcliffe and the City Centre: With house prices increasing year on year, this is an up-and-coming area. Houses here fetch for approximately £223,812.

If you’re interested in finding out if you can afford a property in any of these areas, speak with a mortgage advisor. They can calculate your affordability and gauge how much you could borrow based on your circumstances.

What are the average property prices in Bristol?

The average price for a property in Bristol is £346,204, with flats selling on average for £256,666, semi-detached houses for £342,514, and terraced houses for £299,847.

Whitchurch is the most affordable area of Bristol (at the time of writing), where first-time buyers could grab a house worth just over £120,000, though there are many cheaper properties closer to the city centre, but most of which are flats.

Average deposit amount

In Bristol, the average deposit amount for first-time buyers is around £46,115, though this amount won’t be reflective for everyone.

Mortgage lenders will take your income and outgoings into consideration so they can calculate your affordability. They will then offer to lend you a certain percentage of the property’s value, for example, 85%. This means that you’ll need to foot the remaining 15% to get your mortgage. This is called the ‘loan-to-value’ (LTV) ratio.

The average income required for a first time buyer property in Bristol is £62,037, or that figure made up from two applicants’ incomes for a joint mortgage. If you and your partner were on a combined wage of £60,000 and you were looking to buy a property worth £250,000, a 90% LTV would mean that you’d need to put down a 10% deposit worth £25,000.

Do I need to find a mortgage broker near me?

No, there’s no need to work with a broker who is physically based in Bristol. While these brokers would have experience of the area, this isn’t enough to guarantee that you could get the best rate on your mortgage, or even if that area is right for you.

Many mortgage brokers are available to speak to online and via phone calls, so there’s no need to ever meet your broker face-to-face. And, by speaking with an independent broker who is tied to no particular region, you can benefit from their ‘whole-of-market’ access.

Find our contact details at the top of the page click here

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About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for OMA of course!

Read more about Pete

Pete Mugleston

Mortgage Advisor, MD

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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