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.
My husband & I own our own home (mortgage free) are we able to take out a new mortgage to buy a second property (not buy to let and not against the value of our property). Our joint annual income is approx £59,000.
Is it possible to have a combined mortgage for my buy-to-let and own property ?
My husband and I have just accepted an offer on our £270000 house that we own outright. We wish to get a 28% LTV mortgage on a £300000 property, & are hoping to get this on my salary alone of £26000 , but included in the mortgage...
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...
Hello, I'm wondering if a 95% LTV mortgage in the £750k-1m range would be available in the current market? My wife and I have a combined salary of approx. £160k, plus bonuses in the 60-80% range. We would be first time buyers...
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...
A person lives abroad for working purpose but he is from the UK wanting to buy a property here in the UK. Can he apply for a mortgage here showing his foreign income? Thanks
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?
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