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 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.
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.
24/03/2013
I am buying a flat to rent as an investment . I can pay for it (£500K) in cash but should I take out a mortgage as I think I can offset the mortgage payments against the rent payments therefore reducing tax to be paid on the...
Categories: Buy-to-let
16/03/2013
Hi, I have a 60% mortgage on a property in my name. My partner (who currently has no mortgage or property and will be a first time buyer) and I want to buy a property together - maybe a holiday home for our use or maybe a buy to...
Categories: Buy-to-let, Holiday homes, Second properties
16/03/2013
We returned from Spain last year and continue to derive our monthly salary from Spain from our Hotel business there. We own a property in the UK that we do not live in but has a Buy-to-Let mortgage on it. As our circumstances...
Categories: Buy-to-let, Capital Raising, Ex Pat mortgages
12/03/2013
How can I get Halifax to agree to Consent to Let on my current mortgage? I am on standard variable of 3.99% but will rise if to 5.49% if i move to the mortgage that Halifax want me to go on. Am renting my flat to rent another...
Categories: Buy-to-let, Let-to-buy
08/03/2013
My current house is valued at £410k with a mortgage of £175k. Rental value is potentially £1500 a month. Joint salary is nearly £100k. What sort of let to buy mortgage amount on a new property could I potentialy be looking at? ...
Categories: Capital Raising, Buy-to-let, Let-to-buy, Home mover
07/03/2013
I own a flat roof terraced property that has been valued at £500,000, with a mortgage of £336,000 in its current condition. We are speaking to architects about building a garden room and terrace on the flat roof, which will not...
Categories: Capital Raising, Home mover, Let-to-buy, Remortgaging, Buy-to-let
07/03/2013
I own a property outright that has been valued at £450000 and I believe that the rental value would be about £2000 per month. I am looking to borrow £275000 on a let to buy mortgage that would be financed by the rental income. Is...
Categories: Buy-to-let, Capital Raising, Let-to-buy
05/03/2013
Dear Sir/Madam. I currently live near Maidstone in Kent and own a property which has been valued at £220k. We have cleared the mortgage and am looking to upsize. We have found a house we like that is £450k our joint income is...
Categories: Buy-to-let, Let-to-buy, Home mover
25/02/2013
Hi, I own a two bedroom flat worth £330k with a mortgage of £100k. We would like to rent this property out and buy a house. Our combined income is £100k a year. Could you let me know how much we would be able to borrow? We have...
Categories: Buy-to-let, Let-to-buy, Home mover, Capital Raising
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 necessarily 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.