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.
Is it possible to have a combined mortgage for my buy-to-let and own property ?
We own our property outright. Valued at £145k. The rental appraisal is valued at circa £600pcm. We have a further cash sum of £40k. We would like to rent out our house and buy somewhere with a value of around £260k. Is this...
Hello. I have a house valued at around £90,000 and owe around £38,000 mortgage. I am wondering if I could somehow release the equity and rent this house out allowing me to purchase a new house with my boyfriend. Other very...
I am looking for a new house worth between £450,000 to £550,000. I have cash of £300,000 now (family contribution). Thus I probably need a mortgage between £150,000 to £250,000. I purchased my current house for £330,000 in...
I have an investment property that was purchased as a shop with flat. I have since converted the shop to a separate ground floor flat (with local authority planning permission) so the property now consists of 2 self-contained...
Hello, Our current home has very little left in mortage payments (£2k), but we will need a bigger house soon and we were wondering if we could keep our current property, pay off the outstanding loan and buy a new house with a...
I own a property worth £115,000 with a mortgage of £44,000 and want to rent out this property, then buy a new one worth about £80,000 is this possible to do?
Our house is valued at 250,000 we still owe 158,000 on our current mortgage. We are having to relocate due to work, but would like to keep our current as an investment and wondered if we would qualify for a let to buy mortgage?...
We are both aged 67. Man in employment with basic income of £65000. plus a bonus this year of £50,000.00 Female with pension income in region of £13000. We have total savings (ISAs, shares, Savings bonds, deposit accounts) in...
My house is valued at £154,000 and I owe £80,000 could I use £30,000 of the equity as deposit on another house and then let the first one?
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