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.
We are a married couple in our late 50's happy to assist our son and his new wife, both aged 30, buy their first property. Our son is the only household earner with an income of around £41,000 pa. They have modest savings. He has...
I am 62 and have 3 years to retirement. My retired partner and I jointly own two properties outright with a combined value of £350K. One is let. We wish to buy a retirement home now and would need to borrow around £120K for 3...
Can I remortgage my flat for £263k, in joint names with my mother who is 67? The flat value is c.£340k. I'm 36 & earn £38k pa - my mother is retired and receives just over £1400pcm from pensions & has £15k in card credit. I would...
My retired parents, aged 69 and 70, need a £20k mortgage on a property they're buying for £127k. Could you please advise?
I'm married age 60, and have a house with no morgage. I also have another which we rent out. I would like to know whether at my age would it be posible to get a morgage for £200,000 so I can buy a property to live in and rent out...
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 husband has died earlier this year. The bank have asked me to pay the mortgage off. Having written to them they have now said they will consider transfer of the morgage. What will this entail? I dont have much pension income...
I am 69 years old and would like a 15 year mortgage, can you help?
Categories: Mortgages in retirement
I am 76 years old.We have 2 properties mortgage free valued at £600,000 and £360,000 and wish to buy a third property for £250,000. We have the proceeds available of £200,000 but require a loan of £50,000. Is there a way of...
My wife and I are both currently 59, and own a property worth approx £430,000, with a £110,000 interest only mortgage. We would like to move to another property, at approx £360/370,000. We would like to take out a mortgage of...
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