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 for self employed without 3 years accounts

Posted on 5 September 2009

My partner is a day trader, and therefore is self-employed, but cant prove income in the form of payslips or 3 years accounts, but has bank statements that show money going into the accounts from his spreadbetting accounts and...

Category: Guaranteeing & buying with child, Self-certification

How to buy 50%... sharing with a private investor

Posted on 4 May 2008

Bit of a convoluted question but I hope you can help...! I am a first time buyer and I'm considering a shared ownership type arrangement with a family friend who is looking to invest in property. Would it be possible for us to...

Category: First-time buyer, Guaranteeing & buying with child, Shared ownership

Can I get a mortgage if my only income is child support?

Posted on 6 March 2008

I'm going through a divorce and am unemployed, but want to return to work after college in 2-3 years. I have a joint mortgage and upon sale of the house will have a large deposit for purchase of new home. My parents are retired...

Category: Guaranteeing & buying with child

Can I raise a mortgage with my father as a guarantor?

Posted on 1 March 2008

Are there any lenders who would allow me to raise a mortgage of up to £150,000 in my name only with my father as a guarantor? Although retired, he has no mortgage and can prove an income of £38,000 and myself of £21,000. Both of...

Category: Guaranteeing & buying with child

Can I purchase a property jointly with my son?

Posted on 18 October 2007

Hi l want to assist my son to purchase a house, could we buy a property jointly and combine our salaries to obtain a mortgage?

Category: First-time buyer, Guaranteeing & buying with child

Is it possible to take out a 50% mortgage on my Father's property?

Posted on 8 October 2007

I wish to take out a mortgage my father’s property for 50% of its value so he can use the money to buy another property with his partner which would leave me only living in the first property. My father owns this property...

Category: Guaranteeing & buying with child, Mortgages in retirement

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.