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.
01/03/2013
Would you fix your mortgage before the budget or after the budget or does it matter?
Categories: Fixed or Variable?, Remortgaging
22/08/2012
Hi, We're currently coming to the end of our 2 year fixed rate (2.89%) with YBS. We're interested in a five year fixed (4.39%) with YBS on a £200k mortgage (23yrs to go) for the peace of mind and the fact that we have a 1 year...
Categories: Fixed or Variable?, Remortgaging
13/08/2012
My son has two houses .His first house has a mortgage on it His second house is paid for his mortgage company no longer want mortgage customers and have written to him saying if he does not go to a new company he will have to go...
Categories: Fixed or Variable?, Remortgaging
19/04/2012
I have a 3.99% 3yr fix of £550k that expires next June (2013). It has a 3% break fee so I can't really break it. I am looking for a 'forward fix' product that will allow me to essentially extend the fixed rate period at current...
Categories: Fixed or Variable?, Current rates & the market, Remortgaging
05/02/2012
I am currently on a SVR of 2.79% with my mortgage. I am paying 1/3 capital repayment and 2/3 interest only. I have £130,000 outstanding. I am now wishing to have a mortgage which is all capital repayment. I have been offered...
Categories: Current rates & the market, Fixed or Variable?, Home mover, First-time buyers
11/01/2012
My fixed rate mortgage with Nationwide is coming to an end should I fix again or change to a variable rate
Categories: Fixed or Variable?, Remortgaging, First-time buyers, Home mover
08/01/2012
My 2 year fix is coming to the end @ 3.79% with Nationwide. They have offered me a new 3 year fix @ 3.49% or 5 year fix @ 3.79% with no fees apart from ERC of 5%. or they have a Tracker @ 2.59% above base for 3 years @ present...
Categories: Fixed or Variable?, Remortgaging, Home mover
04/11/2011
Currenty I am coming out from fixed mortgage and now SVR applies to my mortgage which is 3.50% and I am getting an offer from other bank for a lifetime tracker 2.79% above base rate, 3.29% at the current stage, is it worth going...
Categories: Remortgaging, Fixed or Variable?
22/10/2011
We are currently with the Chelsea on a 5yr fixed rate of 6.19% which comes to an end next september. We have an ERC of 5% which would be £4205.04 and a discharge fee of £160. We would like to reduce our monthly outgoings. We have...
Categories: Fixed or Variable?, Remortgaging
19/09/2011
I am looking to hedge my mortgage, I am presently on a life time tracker at a very low margin over BoE base and so am looking at a cap or swap product that does not need involve remortgaging. I would like to hedge up to £500,000...
Categories: Fixed or Variable?, Remortgaging
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.