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.
Hi. We have been trying to sell our flat, valued at £250k, for over a year and have just seen a property that meets all our criteria for £230k. Someone suggested a Let-to-Buy mortgage and I would like some advice on if this is...
Our house is worth approximately £300k and we owe £65k on the mortgage. We would like to move but can't sell and are thinking of letting our existing property to buy a new one. We would like to increase the mortgage on the...
We own our current home outright - no mortgage. We want to move but think it will take a while to sell. Rather than take out a mortgage on a new property, we are thinking of mortgaging our existing property so that we can be cash...
I own a property valued at £300K with no mortgage, and have accessible savings of £200k. The property is one of many in the area taking a long time to sell. Am I likely to be able to go the let--to-buy route?
We have a property valued at £850k with a £425k mortgage. The current rental value of our property is circa £3750pm. How would we go about letting out our property whilst releasing capital in the property to buy a new home?. Or...
We own a property which we rent out, it has 11 years to run on the mortgage, we would like to buy another can we use this property to get a mortgage for another house. We are both working but are in our mid 50's
I have a mortgage of £72,000 and my property has been valued at £95,000. I would like to buy-to-let this property and buy another property which is £180,000. Would this be possible to achieve? We have a total annual income of...
Let to buy. Hi, we currently own a BTL property worth £120k with an o/s mortgage balance of £68k. We live in a house worth £300k & have an o/s mortgage of £38k. We have an income of £90k & have no other loans etc. we have see a...
I have a property worth £180000 with a 49000 mortgage on it, I could clear the mortgage this August, I would like to let to buy and buy another property for £250000,I earn 39000. Would it be better to clear existing mortgage or...
My partner and I own a property outright, valued at approx £210,000. We would like to let this (using this money towards another purchase) and purchase another home for ourselves. Is there any way of using the value of our...
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