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 2 June 2009
I owe £116,815 on my interest only mortgage, I am making a capital payment in December so the balance will be 108k, getting my ltv at 60% borrowing. The mortgage is libor plus 1.5% and I'm only paying 2.77% at the moment. I don't...
Category: Fixed or Variable?, Remortgaging
Posted on 11 February 2009
I am considering fixing my mortgage for 5 or 7 years. Do you think I should do so now or wait for the likely further reductions the base rate over the next few months?
Bank Rate is likely to have to remain very low until...
Category: Fixed or Variable?
Posted on 5 February 2009
Hi
Not sure how best to proceed. Looking to buy. Have a good deposit. Salary level not high. Can I still get a good rate mortgage? Should I go for tracker or a fixed rate? please help.
thanks much
SJ,
Without knowing...
Category: Fixed or Variable?
Posted on 29 April 2008
Could you explain the difference between a discount tracker and a variable rate tracker?
Category: Fixed or Variable?
Posted on 5 March 2008
My current mortgage runs out on May 1st. What do you suggest I do? Should I go for fixed again or a tracker? With rates due to fall, would this be the best option?
Category: Fixed or Variable?
Posted on 5 March 2008
Hi Katie, I'm coming to the end of my fixed rate deal and have the choice of another 3 year fixed rate (5.99%), a 3 year variable discounted rate (5.79%) or a 3 year tracker (5.74%). What would you advise to be the best one to go...
Category: Fixed or Variable?
Posted on 17 January 2008
I am currently resetting my mortgage and am drawn towards fixing for 3 years at 5.89%. Do you think this is advantageous under the current and potential climate or would you consider a lifetime tracker of 0.47% above base. Thank...
Category: Fixed or Variable?
Posted on 8 January 2008
My fixed rate mortgage stops at the end of March. I want to find the cheapest interest rate. Which is better a 2 or 5 year? Is the interest rate going up or down?
Category: Current rates & the market, Fixed or Variable?, Remortgaging
Posted on 11 October 2007
My 2 yr fixed rate mortgage with Nationwide ends in March 2008 (4.84%). I am looking to take out a 5 yr fixed rate mortgage yet cannot decide when to reserve it. with the lowest fixed rates at about 5.6% it is tempting to reserve...
Category: Fixed or Variable?, Lower mortgage payments, Remortgaging
Posted on 4 October 2007
What is the feeling regarding the bank of England interest rate, is it expected to rise over the coming 6 months due to US problems and the fact the government will want us to save? I am currently considering a tracker. Please...
Category: Fixed or Variable?
Posted on 3 October 2007
I need to change my mortgage, and would be interested in your advice as to whether I should go for a fixed rate or variable rate, based on current market conditions.
Category: Fixed or Variable?
Posted on 16 September 2007
I really need your impartial advice, First National Home Finance via Pink Home Lenders have agreed to provide me 3 year fixed rate mortgage @ 6.14% (re-mortgage). I believe when I initially applied the rate was only 5.5% and in...
Category: Fixed or Variable?, The application process explained
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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