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.
I would like to take out a mortgage for £100,000 on a property worth £237.000 I have properties at the moment worth around £400.000 (no mortgages). My income is around £40,000 per year. I'm 68 years old in in June this year.
I have a house in Oxford worth £200,000 pounds with no mortgage on it. Could I remortgage it to £70,000 to buy a cottage in Ireland? Problematic is perhaps that I live in Germany and am 68.Thanks!
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 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
After letting my property out for 2 years I have recently found out that I needed a consent-to-let. My Mortgage provider does not provide these. What should I now do, do I tell my mortgage provider? Or is it best to organise a...
My husband and I are 61 and 63, homeowners who are mortgage free with savings of £20.000 to invest in buy to let. Could we get a mortgage?
I am married and own my own home. My husband is not on the mortgage and has never owned a property. We are interested in Buy to Let. Would he be a first time buyer? We do have a 20% deposit. What's the best way to make the most...
We own our property outright and it's approx. value is £220,000. We are considering buying a 2nd property as an investment to do up and sell on, rather than as a buy-to-let. The approx. value of the 2nd property will be...
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...
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.