Ask the mortgage 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 team of experts, led by our in house mortgage technical manager, Simon Collins, who has spent the last 10 years helping our consultants to place mortgage applications.
Please be aware that these answers can only be generic and no personal recommendations can be made.
We own our property outright, worth £375k. We also remortgaged our existing property for £65k which was used to buy half of my parents house when they died which we now rent out (rental per month £900) and property value...
If I have an existing mortgage, can I borrow more because I want to buy another property but need a loan to do so?
We live in a tied property and have bought a flat with a repayment mortgage for when we retire, if we rent it out until then, do we pay tax on the income.
A friend of mine has offered to be a guarantor for me. They own property and have no mortgage left to pay. I am a first time buyer. will this allow me to get a better LTV rate, currently offered at 85%? Could I get a buy-to...
Hi - I made a cash purchase of a repossessed house (money we had saved for renovations of our own home) because a good opportunity came up - as a result to go ahead with our own homes renovations we had to take out a mortgage (we...
Hi, can I borrow on my second home to invest in another property. The house is £170,000 approx and have a £40.000 repayment mortgage.
I own my own property outright. I want to buy a second property to rent out. Why do I need a buy to let mortgage? Why can't I just get a repayment mortgage?
I own a London flat outright, worth £550k. I want to let it out and buy a new flat for £625k. Have a household income of £100k. Would this be possible with a let-to-buy mortgage? Also would it be possible to raise more capital to...
I have a flat I rent out and would now like some assistance for buying a second property?
Hi, I purchased my flat 2 yrs ago valued £110k and now owe roughly £55k on the mortgage. I want to release money to purchase a bigger property with my partner and let out the flat. My current mortgage is £310 each month and I...
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