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Mortgage Broker in Hull

Written by Simon Baker BSc (Hons)  |  Reviewed by The Complete Mortgage Shop, FCA regulated (FRN 728880)  |  Last updated 1 May 2026

Kingston upon Hull is one of the most affordable cities in England for property buyers. Average prices are well below the national average, which makes Hull an accessible entry point for first-time buyers and an attractive proposition for buy-to-let investors seeking strong gross yields rather than capital growth.

The Hull Property Market

Hull was designated UK City of Culture in 2017, an experience that brought significant investment, renewed civic confidence and increased national attention to the city. The Fruit Market cultural quarter on the waterfront has been transformed from a largely abandoned warehouse district into a thriving mix of independent businesses, restaurants, galleries and new residential development. Humber Quays on the north bank continues to develop as a commercial and residential quarter.

Away from the city centre, Hull’s predominantly terraced housing stock offers very low entry prices. The surrounding East Riding of Yorkshire villages (Cottingham, Beverley, Hessle) attract families seeking better school catchments at prices still below the national average.

Buy-to-Let Yields in Hull

Hull’s combination of low purchase prices and reasonable rental demand produces gross buy-to-let yields of 7–8% in the right streets — significantly above the 4–5% typical of higher-value markets. The University of Hull creates student rental demand near the Cottingham Road campus, and the city’s large NHS and public sector workforce provides stable non-student demand.

However, lower-value properties in Hull can present challenges for mortgage lenders. Some lenders impose minimum property value requirements that can exclude the cheapest streets. A broker can identify which lenders will consider lower-value properties and what deposit is required.

The Siemens Wind Energy Effect

Siemens Gamesa’s blade manufacturing facility at Alexandra Dock is one of the largest employers in the city and a symbol of Hull’s role in the offshore wind energy supply chain. The wider Humber region has become a centre for renewable energy, bringing skilled employment and investment to the area.

Getting the Right Mortgage in Hull

Whether you are buying your first home in west Hull, investing in the student market near the university, or looking for a high-yield buy-to-let in the city centre, a whole-of-market broker can identify lenders appropriate for the property value and type you have in mind.

To speak to a qualified adviser, please submit an online enquiry or call 0800 310 1340.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.