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 6 February 2009
I have a property worth 140-150k.
I wish to buy a second property which needs renovated for 140k let to buy seems the right way but how do i raise the capital for self cert deposit now as i think the property will sell...
Category: Let-to-buy, Raising capital out of property, Remortgaging, Self-certification
Posted on 8 May 2008
I have a house in my sole name on the market for £350,000 with £130,000 left on the mortgage. In the current climate it's not shifting. We don't want to lose the house we want to buy which we have agreed a fee of £440,000 for. I...
Category: Let-to-buy
Posted on 29 April 2008
I want to buy a new home. I have a £159k mortgage on a house which is not selling at the moment and the rental figures for this house won't cover 125 % of the mortgage payments. I also have a holiday house in Scotland with no...
Category: Current rates & the market, Let-to-buy
Posted on 29 April 2008
My partner and I currently have a joint mortgage with Nationwide. Our property is worth approximately £200K. The outstanding balance is we owe is £130K. Our total take home salaries amount to £60K.
Category: Buy-to-let, Let-to-buy
Posted on 5 February 2008
Hi, I currently have a 5 year fixed residential repayment mortgage with the Nationwide. Back in October, due to personal circumstance and the possibility of losing my job, I rented out my house and moved in with my parent until I...
Category: Buy-to-let, Let-to-buy
Posted on 14 December 2007
We have a London flat, (no mortgage outstanding) currently on the market @ £1.5million. We have made an offer of £455,000 on a leasehold (113 years) flat in Bath. I am 78 my wife 79, our joint pension amounts to £50,000 pa. Would...
Category: Let-to-buy, Mortgages in retirement
Posted on 4 October 2007
Our house is nearly mortgage free (£20K left with virgin one) and it's market value is £525K. My son has started working and earns £35K, we are thinking of moving to a bigger house near his work but want to keep our existing...
Category: Let-to-buy, Remortgaging
Posted on 1 October 2007
I currently have a 2 bed flat with a mortgage on it. I would like to buy a house with my partner and let my flat to cover the current mortgage on that. What kind of products should I look for, will I need to change my existing...
Category: Buy-to-let, Let-to-buy
Posted on 20 August 2007
What does rental cover mean?
Category: Buy-to-let, Let-to-buy, Special circumstances
Posted on 13 August 2007
We own a flat outright which is currently rented. Is it possible to get a buy-to-let or let-to-buy mortgage as we wish to buy a property in Portugal? We also own outright an apartment in Portugal.
Category: Buying abroad, Let-to-buy
Posted on 23 July 2007
I currently own a house with a fixed mortgage in london. I have recently bought another flat off plan with a friend which I am intending to live in and rent my own house out. Just wondering what mortgages are available and how I...
Category: Let-to-buy, Remortgaging
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.
Categories
- 100%+ borrowing (6)
- Bad credit (26)
- Bridging loans (4)
- Buy-to-let (52)
- Buying abroad (21)
- Commercial (5)
- Consolidation of debts (10)
- Council houses (4)
- Current rates & the market (15)
- Endowments (2)
- Equity release (4)
- Ex-pats mortgaging in the UK (5)
- First-time buyer (28)
- Fixed or Variable? (12)
- Foreign Currency or foreign tracking rate mortgages (6)
- Guaranteed" home-buy schemes (1)
- Guaranteeing & buying with child (6)
- Holiday homes (3)
- Interest only vs repayment (13)
- Legal matters (6)
- Let-to-buy (11)
- Life assurance/ protection (1)
- Lower mortgage payments (42)
- Mortgages in retirement (20)
- New build (4)
- Offset mortgages (9)
- Overpayments, Payment Holdays, underpayments, Borrowback (13)
- Raising capital out of property (15)
- Remortgaging (66)
- Second properties (20)
- Secured loans (9)
- Self-build (8)
- Self-certification (10)
- Separation or Divorce (21)
- Shared ownership (10)
- Special circumstances (38)
- State benefits (2)
- Tax issues (12)
- Temporary employment (2)
- The application process explained (11)
- Trusts (1)
- Unsecured loans (3)
- Valuations, Freehold, leases & unusual property (14)
Archive
- February 2010 (29)
- January 2010 (17)
- September 2009 (2)
- August 2009 (3)
- July 2009 (1)
- June 2009 (16)
- May 2009 (6)
- April 2009 (6)
- March 2009 (4)
- February 2009 (19)
- January 2009 (3)
- October 2008 (14)
- September 2008 (10)
- August 2008 (12)
- July 2008 (6)
- May 2008 (21)
- April 2008 (13)
- March 2008 (39)
- February 2008 (33)
- January 2008 (35)
- December 2007 (17)
- November 2007 (9)
- October 2007 (49)
- September 2007 (35)
- August 2007 (37)
- July 2007 (28)