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.
I am paying £2829 on an interest only mortgage of £709,000 with NRAM The mortgage was sold to me by a financial adviser before the recession and was originally with Northern Rock then transferred to NRAM. Prior to that Barclays...
Can Castle mortgages be used as a deposit fund for first time buyers?
What can I do to get out of negative equity home? We can no longer afford repayments due to a change of business circumstances and tried to get better interest rate, but were told Northern Rock no longer offered mortgages now...
Property is worth £170000, mortgage outstanding is £65000 over 6 years. My wife and myself are on the mortgage. Our daughter is 25 and lives with us. If we get into any difficulties, what options do we have? Can daughter take on...
I am separating with the mother of our 10 and 11 year old. We were never married. She is refusing to sell, solicitors are involved. If I call the lender and said I wanted to stop mortgage payments, what are the implications?
We brought our property last year on a 2 year fixed rate. The mortgage was for £115,000 but the property is worth roughly £180,000. We have since took out a bank loan and I'm now worried this might effect us next year when it...
I have been speaking to my mortgage lender about a short term proposal for reducing my mortgage repayments. He says they are not allowed to do variations of mortgage or extend the repayments but there is something else they can...
I have a mortgage that I got with my parner 4 years ago. We broke up last year and I had to go on income support as I have a young child. I do work as a childminder but that does not make a lot of money. Income support were...
We have a property worth approx £240,000, our mortgage payments are £1,500 and we are 1 month in arrears.We owe approx £98,000. I am 62, my husband 60. He has health problems and was made redundant from a well paid job in...
Options after split? Hi there, after 4 years together sadly my partner and I are no more. We have had the mortgage for 2 years which is in his name due to my previous bad credit rating which had now inproved. Neither of us...
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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.