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.
I'm 65. I've a C&G SVR interest only mortgage of £100k expiring 2020 on my house worth £330k. On Jan2014, I plan to split it 50/50 with placing £50k on repayment method within 10 years and £50k interest only on lifetime mortgage....
My question is about my fathers equity release morgage. I believe he has borrowed £20k 13 years ago and @ 7.75% interest he now owes about £66k (the property was valued at £120k) He is over 80 years old and living on his own and...
Categories: Equity release
Currently have a Lifetime Mortgage repayment would be £95k. Wish to repay this and take out Interest Only mortgage for £145k. Age 75 (wife 69), Pension income £95k pa.Suggestions please. Extra sum is for home improvements and to...
I am 69yrs old and my husband is 81. We need to move to be near family. With the sell of our home we can raise about £80,000. But we will need another £40.000, can we get some type of morgtage?
My mother (aged 68) owes £170k on an equity release mortgage on a property worth £550k. Myself, brother and sister want to take out an interest free mortgage of £200k to pay off the debt and enable her to live there for 3-4 more...
I want a 10year mortage for £12,000 & I am 68. Is this possible at my age?
Myself and my hubby own our house outright with no outstanding mortgage. It is valued at around £200k. We would like to know how to use some of the value of our house say £60k to purchase a house in france without having a...
My mother in law (72) has a house, mortgage free worth £500,000 +, she lives in it with my sister in law. Income for the household is made up of Old age pension, disability benefit, small private pension, and income support. In...
My wife and I are both retired on reasonable pensions. We currently have a interest-only offset mortgage with First Direct, with a capital balance of £30k but equity in the mortgaged property in excess of £800k (plus a second...
my mother is widowed, and 85. she has a good pension income, around £45,000, but does not have capital put aside. she is looking at some home improvements to help with mobility. are there any companies that will lend to her on an...
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