Ask the 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 alongside Ray.
So please do submit your question and we will do all we can to answer it as quickly as possible. Regrettably, we are unable to answer every question due to the popularity of this section.
Please note, John Charcol cannot provide legal or tax advice. If your enquiry contains a legal or taxation query we will refer you to our in house legal team, Rollingsons Solicitors Limited. By submitting your enquiry to us you are confirming that you consent to our passing your contact details to them.
Please be aware that these answers can only be generic and no personal recommendations can be made.
18/05/2012
Can my wife and I get a mortgage , we are 50 and 51yrs old , and have 20,000 deposit , but would like a repayment term as long as poss , 20 yrs ?? ...thank you
Categories: Home mover, Mortgages in retirement
17/05/2012
Are there any lenders to people over seventy? I have a fully owned property, but would like a small mortgage, of 20k over 10 yeras, not equity release.
Categories: Capital Raising, Home mover, Mortgages in retirement
16/05/2012
My husband and I are separating. We have a number of buy to let properties. The family home is worth approx 500,000 with an interest only mortgage of 320,000 with about 15 years left until it needs to be settled. I would like...
Categories: Home mover, Separation or Divorce
15/05/2012
Hi - Me and my partner are looking into getting a mortgage. We have a joint income of £110K and approximately £40K deposit. We would be looking at borrowing around 250-280K. Neither of us have any debts - my partner has a very...
Categories: Bad credit, Home mover, First-time buyers
14/05/2012
I have a flat and I'm mortgage free. I bought the flat for £150K in 2006, and now it is worth £110K (2012). I want to sell and relocate to London but I'm not prepared to lose £40K of my money. Am I able to rent out my property...
Categories: Buy-to-let
14/05/2012
Hi, myself and my partner are 'looking' at getting a mortgage. We earn 18K, 16.5K respectively. We have little debt between us, around £1K No dependants or loans ect and low out goings. Looking at a house value of 130K with...
Categories: Bad credit, First-time buyers, Home mover
13/05/2012
Hi I had a joint mortgage ten years ago when the house was repossesed but have recently cleared all my debts via debt management I am now being told that this one mistake ten years ago will stop me from ever getting a mortgage is...
Categories: Bad credit, Home mover
13/05/2012
We are returning to the UK after six years abroad, we have a mortgaged property of which we have circa 300k invested the house is worth arounf 850k, we would like to sell and buy another property, I am 50 years old and have paid...
Categories: Home mover, Ex Pat mortgages
10/05/2012
Hi my son is saving for his first house. He has been working for 12 months as part of his 4 yr degree, and has saved £12 000. He is going back for his final yr in September. A friend of mine is selling the perfect property for...
Categories: Guarantors and buying with child
10/05/2012
I am single, female 64 with one son, 25 trying to build his own business and has small income of £12K a year. I want to help him and mitigate IHT. I have a house valued 650K with 100K int only mortgage. I want to gift my house...
Categories: Guarantors and buying with child, Home mover, Legal matters
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.