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 30 September 2008
Hi Bea,
I currently own a flat in London with c£70k equity tied up and a variable rate mortgage, I am also (due to personal circs) renting in Berkshire.
Due to market conditions I am struggling to sell, therefore,...
Posted on 29 September 2008
I am 54 and own my own house worth approx £250.000 at todays prices, i do not want to return to work, but somehow release money from the house,my daughter has just graduated and secured a job away from home, and is renting a...
Posted on 18 September 2008
My partner and I are splitting up after a year and a half in a house that we bought. We pay half the mortgage each, and he paid the deposit. What happens to our mortgage? I think we might sell, although he might loose his deposit...
Category: Separation or Divorce
Posted on 16 September 2008
i have seperated from my hubby and we were going to put the house up for sale. it is valued at 102000. if i bought him out i would need a mortgage for 65000. my annual gross earnings before tax is 11000. would i be able to get a...
Category: Separation or Divorce
Posted on 11 September 2008
my husband & i are seperating however our home is part of a farming business that we have run together so we are unable to sell to split proceeds. (also the business is likely to be sold/developed in the next 5 years or so)rather...
Category: Separation or Divorce
Posted on 11 September 2008
I'm 2 months away from the end of a 2 year fixed rate near/sub-prime mortgage(6.65% which will jump to 8.8%) I'm considering moving to a new build home with the bonus of having a much lower mortgage payment and consolidating my...
Posted on 7 September 2008
Hi Katie I am 61 years old working full time and have an outstanding mortgage of 110,000.00 this mortgage is in joint names with my partner my property value is approx 180,000.00 so there is not enough colateral to enable me to...
Posted on 6 September 2008
my wife has left the home she wants half of the value of it, there is 3years left on my morgage to pay £34489.52,.i also have an endownment policy which is due to to make up the shortfall in 3years time ...
Category: Separation or Divorce
Posted on 2 September 2008
I am on a salary of 20k and currently live in social housing paying a low rent (£300 pcm). I have 40k in savings.
My goal is to be a homeowner. However, I dont know which is best.
To stay put and get a lodger who would cover...
Posted on 1 September 2008
Hi we have a fixed rate mortgage with the Northern Rock which runs out in January 2009. The mortgage is also a £10,000 loan for the property. What would be the best options for us. Do we take out a new mortgage covering both th...
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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