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. If my mortgage was mis-sold can it be deemed void and cancelled. I'm currently in court process where the broker,surveyor and solicitor broke 5 financial laws between them. The broker was fined for illegal practices and is no...
Categories: Legal matters
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...
I am currently in the process of selling my first flat which will give me an approximate deposit for my next property of £20,000 or 10%. I will be buying my next property with my fiance and we have a joint annual salary of...
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.
We are on a 2% above base mortgage with Nationwide after coming off a fixed deal a while ago. We were lucky and secured our deal before they removed this 2% above BR promise. I have been made aware that 5 yr fixed rates are now...
I am looking to buy a house in the region of £70,000. The house is in need of a tidy up, rewire, etc. I was wondering could you get a mortgage higher than the house price. Would be looking around £110,000. Wanted a fair idea...
Hi me and my partner have just applied for our first mortgage and was told there was an issue, we were told to go away and both get a copy of our credit report, both came back very good but I have a default on mine from a phone...
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