Ask the experts
About our experts...
At John Charcol, we are constantly asked for advice by borrowers on what they should do when it comes to mortgages. As such, we created this section so that you can submit your questions to our experts. The answers are provided by a number of people who have years of experience in the mortgage market. The team is led by Peter Woodward who works in our technical department. Peter spent his formative years as an underwriter with one of the major UK lenders so what he doesn't know, quite frankly, isn't worth knowing...
So please do submit your question and we will do all we can to answer it as quickly as possible
Please be aware that these answers can only be generic and no personal recommendations can be made.
Posted on 31 August 2008
I have a mortgage with GE Money and was very neally repossed a couple of weeks ago after a judgement was granted. Over the past 4 years I have accumulated arrears of £12000, but so far this year have met my monthly payments but...
Posted on 31 August 2008
i owe 80000 pounds on our mortgage,we were thinking of borrowing a personal loan of 80000 pounds to pay off the mortgage completely and just have the loan to pay each month. do you think that will work out long term for us? are...
Posted on 20 August 2008
My husband earns a regular salary but I am in between jobs. However, we take in business students. Can we get a mortgage taking into account the money we get from the business school? A lot of mortgage companies do not seem to...
Posted on 13 August 2008
I was wondering whether you guys would be able to help me in my current situation, as I know it's pretty difficult to get a mortgage at the moment. Basically I have some old defaults from some loans & credits cards I held jointly...
Posted on 13 August 2008
My brother and I co-own a house for the past 8 years. He recently purchased a home with his girlfriend and moved out. How do we settle up on the mortgage? Do I have to buy him out? What options do I have?
Posted on 12 August 2008
I am getting separated in Northern Ireland. We have a marital home plus 3 other properties. We have 2 kids (10 and 6) and were married 16 years. I agreed that she can stay in the marital home and get 60% of the value of the...
Category: Separation or Divorce
Posted on 12 August 2008
I am thinking of seperating from my partner, but we have a joint mortgage and I want to remain in the house. I am currently on maternity leave, and plan to return to Childminding from home. The problem is I was only working...
Posted on 11 August 2008
I am an existing mortgage holder on a property currently valued at £210,000. The mortgage is currently interest-only and has 19 years to run. I would like to revert to repayment whilst reducing the monthly payments. I have a...
Posted on 9 August 2008
My husband and I are in the process of separating. We have tried selling the family home but it has fallen through twice and is unlikely to sell. I am paying all the mortgage, which I find difficult on my low salary. My husband...
Category: Separation or Divorce
Posted on 7 August 2008
My husband and I are on a IVA and live in rented accomodation and wondered if it is possible to apply for a mortgage while on the IVA?
Posted on 5 August 2008
What are the risks of a cohabiting - as compared with married - couple defaulting on their mortgage?
Posted on 1 August 2008
Are 90% LTV mortgages available for new build homes?
HSBC are not lending over 75%.
Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not neccessarily represent the views, positions, strategies or opinions of John Charcol Limited. All comments are made in good faith, and John Charcol Limited will not accept liability for them.
We recommend you seek professional advice with regard to any of these topics where appropriate.
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