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 spent his formative years as an underwriter with one of the major UK lenders and the last 10 years in our Technical Department along side Ray.
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 25/04/2010
Which lender offers Retirement Home Plans? Is there a broker who deals in these?
Categories: Equity release, Special circumstances
Posted on 23/04/2010
Dear Sir,
We are about to sell our home and buy another one. We have a £137k mortgage with Alliance & Leicester, interest only. On checking to see if we could port this mortgage to the new house, they adviced me that we could but that we have to repay the mortgage when we reach 75yr.
We need an interest only mortgage that is only paid off when we die. Could you advice us who could provide such a mortgage?
Regards,
Robert.
Categories: Equity release, Special circumstances
Posted on 20/12/2007
Hi Katie, in your reply to Mr Churms you say 'Of the few lenders that could offer you a mortgage, only a few could do so for more than a few years' Can you please tell me who these few are? As I would like to re-mortgage, and not use equity release. I am 68 but I work and have an annual income in excess of £50,000. My house is worth about £320,000 and I would like to re-mortgage about £80,000.
Categories: Equity release, Mortgages in retirement
Posted on 09/10/2007
I retire next year and have almost paid for our current house. I wish to sell-up and retire to Devon and purchase an alpine lodge and live there for 11 months in a year?
Categories: Equity release, Mortgages in retirement
Posted on 07/09/2007
I live with my parents in a large house which has no mortgage. Is it possible to take out a mortgage so we can do some renovations? I will inherit 1/3rd of the house upon my parents death.
Categories: Equity release, Remortgaging, Tax issues, Unsecured loans
Posted on 22/08/2007
Hi, I would like to invest in a flat in Berlin to rent out. I own property in London with no mortgage, 2 flats and a shop. How can I best release equity or obtain a German mortgage?
Categories: Buying abroad, Equity release, 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. All comments are made in good faith, and John Charcol will not accept liability for them.
We recommend you seek professional advice with regard to any of these topics where appropriate.