Housing Prices in Liverpool

According to the latest data from the Office for National Statistics, the average house price in Liverpool was around £187,000 in August 2025. For first time buyers, the average purchase price was slightly lower at £172,000. This reflects a similar trend seen across other parts of the North West, where deposit expectations are relatively consistent between major cities and surrounding areas.

We regularly speak to first time buyers in Liverpool who are combining their own savings with support from family or friends. This is known as a gifted deposit, and it can make a big difference when you’re trying to meet lender requirements or secure a suitable mortgage deal. In many cases, having that extra contribution can help strengthen your position when it comes to making an offer on a property.

Average Deposit Amount

The size of your deposit will depend on the mortgage deal you’re applying for and how much you’ve managed to save. Based on the average property price of £172,000 for first time buyers, a 5% deposit would be around £8,600. A 10% deposit would be roughly £17,200, while a 15% deposit comes in at approximately £25,800.

Although some lenders are happy to work with a 5% deposit, putting down more can give you access to a broader range of mortgage products and may help reduce your monthly payments. That said, many first time buyers in Liverpool still purchase with a smaller deposit, especially when supported by a good credit history and steady income.

Average Loan to Value (LTV)

Loan-to-value, or LTV, is the percentage of the property price that’s covered by your mortgage. The remaining amount is your deposit. So, if you’re buying a £172,000 home and putting down a £17,200 deposit, you’re borrowing £154,800, which works out as a 90% loan-to-value.

Most first time buyers we work with tend to fall between 85% and 95% LTV, depending on how much they’ve saved and whether any family support is involved. Mortgages at 95% LTV are still widely available, especially for those with good credit and steady income, while 90% or 85% LTV options can offer better interest rates if you have a larger deposit.

The lower your loan-to-value, the more products tend to become available. That’s why even a small increase in your deposit can make a noticeable difference to the type of mortgage deals you’re eligible for.

How much can I borrow?

Alongside your deposit, lenders will assess how much you can borrow based on your income, regular outgoings, and credit history. Every lender has their own affordability calculator, and the results can vary depending on your circumstances, especially if you’re self-employed, working multiple jobs, or receiving additional income such as bonuses or commission.

At Liverpoolmoneyman, we have access to a wide panel of mortgage lenders, each with different criteria and borrowing limits. If you’re thinking about buying your first home in Liverpool, we’re here to guide you every step of the way.

Date Last Edited: October 27, 2025