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.
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...
I am a retired nurse aged 78. I own my own home with no mortgage and would like to borrow £60,000. Current house value is around £135,000. I have my state and NHS pension of around £1000 per month and my daughter will also help...
WE ARE IN OUR 60S AND STILL HAVE A MORTGAGE WHICH IS INTEREST ONLY AND FINNISHES SHORTLY.WE CAN NO LONGER OBTAIN A MORTGAGE OURSELVES AS WE ARE UNABLE TO WORK.CAN OUR TWO SONS TAKE OVER THE MORTGAGE WITH A NEW PROVIDER AND ALLOW...
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.