Mortgages
Your mortgage journey, like the Danube’s graceful flow, can be smooth and rewarding. Choosing the right mortgage is key. Let’s work together and bring your dreams of owning a property to life.
First-time buyers
Riding the waves to your dream home
Buying your first home is an exciting milestone, especially with expert guidance. The process can be daunting, but understanding each step from viewing properties to securing a mortgage and navigating legalities helps make it smoother.
Moving home is an exciting yet challenging life event, offering a fresh start. The process involves various steps such as selling your current home, finding a new one, and managing logistics. With careful planning and the right support, moving can be a smooth and rewarding transition.
Home movers
Flowing smoothly to your new address
Remortgage
Reshape your mortgage, find the right product
As your current deal ends, it’s crucial to consider remortgaging, which can potenitally offer better interest rates, lower monthly payments, or allow you to lift equity from your home. With the right advice, the remortgaging process can be simple and stress-free, ensuring you get the best deal for your circumstances.
A Buy-to-Let property is purchasing a home to rent out, providing a steady rental income whilst the property appreciates in value. It’s essential to research the market, understand landlord responsibilities, and ensure rental income covers mortgage payments and expenses. There are different mortgage terms and deposit requirements, but our team of experts are here to guide you through the process.
Buy-to-Let
Your investment, their new home
Shared ownership
Your path to affordable homeownership
Shared ownership is an effective way to get onto the property ladder by purchasing a share of a property and paying rent on the remaining portion. It could be beneficial not only for first-time buyers and those with limited income, but many others. This scheme allows you to build equity over time and it could offer more affordable monthly payments compared to renting, with the option to gradually increase your share of ownership.
Right to Buy allows tenants to purchase their council home at a reduced price based on how long they’ve lived there, with a discount. Similarly, Right to Acquire provides discounts of £9,000 to £16,000 for buying homes from housing associations, depending on the property’s location in the UK.
Right to Buy & Right to Acquire
Turning your council home into your forever home
FAQs
What is a mortgage adviser, and should I use one?
- Guidance throughout the process: We guide you through every stage of property buying and mortgage applications, ensuring you’re in safe hands with our expertise.
- Exclusive deals & lender access: Our advisers connect you with market-leading lenders and exclusive deals not available through banks or other channels.
- Speed and efficiency: With up-to-date knowledge of lender criteria, we identify the best options for your situation, while banks only offer their own products.
- Peace of mind: We handle the entire mortgage application process from managing documents, applications, lender communications, and any issues, so you can avoid stress.
- We work for you: Our advisers prioritize your needs, comparing lenders and products to save you time and find the best mortgage for your unique circumstances.
By utilizing the expertise of a mortgage adviser, you gain access to all the benefits mentioned above.
How do I know if I qualify for a mortgage in the UK?
Lenders consider several factors when determining mortgage eligibility, including your credit score, income, employment history, debt-to-income ratio, the amount of your deposit and more. It’s best to speak with a mortgage adviser to get personalized advice.
How much deposit do I need to buy a home in the UK?
The required deposit really varies and can vary depending on your circumstances, credit score and the type of mortgage and lender requirements. Typically, deposit amounts vary from 5% to 25% of the home’s purchase price. Some lenders offer options for lower deposits, and there are even schemes available with a 0% deposit. However, you need to qualify for these schemes, and the final outcome depends on complete underwriting.
Can I get a mortgage if I’m self-employed?
Yes, you can get a mortgage if you’re self-employed, but in some cases, it requires a bit more preparation. Lenders will typically require proof of income, such as tax calculations, tax year overviews and bank statements, and may have stricter criteria compared to employed individuals, but it is possible. Mortgage brokers are experienced in dealing with self-employed applicants and understand the specific requirements and challenges involved. They know which lenders are more flexible and accommodating towards self-employed individuals. Speak to our mortgage advisor to get personalized advice if you are self-employed.
Can I get a mortgage on my own?
Yes, you can absolutely get a mortgage on your own. Lenders will assess your individual financial situation, including your credit score, income, employment history, number of dependants and debt-to-income ratio. They will also consider the size of your deposit, as a larger deposit can improve your chances of securing a mortgage and may result in better interest rates. It’s important to ensure that your income is sufficient to cover the mortgage payments, along with other financial commitments. With planning and preparation, obtaining a mortgage on your own is certainly achievable.
What is a decision in principle and why is it important to have?
A Decision in Principle (DIP), also known as a mortgage in principle (MIP) or an agreement in principle (AIP), is a document from a lender indicating how much they would be willing to lend you based on an initial assessment of your financial situation. The broker you work with will also assess your financial situation and will select a lender that is happy with all your circumstances to issue this document. At this point, you’re not locked into a mortgage with the chosen lender; it can change later down the line. It’s not a formal mortgage offer, but it gives you an idea of your borrowing capacity. It is important to have, as estate agents will ask for this when you book a viewing to see if you can afford the desired home. And it also gives you a good idea of how much money you can borrow.
What are the costs, and how much can I expect to pay when buying a house?
When buying a house in the UK, you can expect to encounter a number of other costs beyond the deposit. These potentially include your mortgage adviser’s fee, stamp duty, which is a tax on property purchases; legal fees, valuation fees for property assessments and survey fees to check the condition of the property. Other costs to consider are insurance costs (which our protection advisers can help you build the right cover for you and stay within budget) and moving costs. These costs do vary and it’s advisable to budget for these expenses to avoid any surprises during the home-buying process. Speak to our mortgage advisor to get personalized advice and help with more specific costs and budgeting.
What is stamp duty, and do I need to pay it?
Stamp duty is a tax you pay when you purchase a property in the UK. The amount you pay depends on the purchase price of the property and whether it’s your first home or not. First-time buyers may be eligible for a stamp duty exemption or relief.
Connect with us today!
Schedule your no-obligation appointment today and discover how we can help you navigate your mortgage process, and find the right protection policy for you and your family.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Accurate and complete information is crucial for processing your protection application and ensuring you receive the appropriate coverage. Misrepresentations may result in claim denials or policy cancellation. The protection plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
The information provided on this website is for general informational purposes only and should not be considered as financial advice. While we strive to keep the information accurate and up to date, we make no guarantees regarding the completeness, accuracy, reliability, or suitability of the information contained herein. Any reliance you place on such information is strictly at your own risk. We recommend consulting with a qualified financial adviser or mortgage adviser before making any financial decisions. The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.
Danube Financial Solutions LLP is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Danube Financial Solutions LLP is registered in England and Wales with company number OC454931. Registered address: 6 Peacock Way, Worksop, S81 7SU
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2025
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