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.

Mortgage with an Enduring Power of Attorney

Posted on 6 February 2009

My wife has enduring power of atourney for her mum. Her mum has been moved from her property to a sheltered home as she is suffering alzhimers. Now, the property is a commercial dwelling with a shop and above flat. It has a...

Category: Buy-to-let, Commercial, Remortgaging, Special circumstances

Can we convert our commercial mortgage into a residential one?

Posted on 30 January 2008

We own a shop and live in the flat above. We have a commercial mortgage. The property is split approx 65% residential to 35% business. Is it possible for us to change from a commercial mortgage to a residential or split it into 2...

Category: Commercial, Valuations, Freehold, leases & unusual property

What are the best mortgages for property developing?

Posted on 7 October 2007

I'm wanting to do property developing full time and have already completed 2 property's in the last 6 years in my spare time as a hobby but I'm wanting to do it full time now. I'm self employed and need to know what sort of...

Category: Commercial, Self-build

Can I take out a 100% mortgage on a commercial property?

Posted on 1 October 2007

I am in the process of buying a commercial property which I want to rent out. The purchase price is £281,000.

My home is worth nearly £2million and I have no mortgage on this.

I want to take out a 100% mortgage on the...

Category: Commercial, Remortgaging

I need to borrow further income to renovate a unique property

Posted on 28 September 2007

I need to borrow £75k to complete on a property costing £720k and I require a further £45k facility to draw down on. The property was a vicarage built in c1870 and currently has D1 commercial offices use. After purchase I shall...

Category: Commercial, Self-build, Special circumstances

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.