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.
I am about to go and work overseas, leaving my wife and child at home initially. However, once up and running, we'd like to downsize from our home now, to a smaller property which we'd just use as a base. Is it...
Hi, can I borrow on my second home to invest in another property. The house is £170,000 approx and have a £40.000 repayment mortgage.
I want to remortgage my home to buy another property, mortgage is paid off, how does the remortgage process work?
Hi, We want to purchase a 2nd home for £375K which has been accepted. We want to put down approx. £50K and borrow the rest. Our annual income is over £200K. I am self employed and my wife is employed. Our mortgage for our main...
I am looking to buy a property jointly with my partner as an investment / pension, my partner owns her property outright so we are mortgage free, we would look to borrow about 60% of the value, what types of mortgages are...
How and where can I get a loan/mortgage to buy a 2nd home at an auction, fix it up and sell shortly after for a profit?
Hi, I own a flat jointly with my brother. I'd now like to buy a second flat on my own, which will become my primary residence. I have just spoken to HSBC and they said that they would only lend me up to 80% LTV on the new/second...
I won a second home outright (worth circa £120k) and want to raise some capital (circa £50k from it in order to buy my girlfriend out of our residential house which we own together. Do I organise a mortgage/re-mortgage or use...
My wife and I are both retired and have a combined total pension of £27250. We live in France and do not intend to sell our home here. However we now need a property in England and have bought a flat for £107,500. If absolutely...
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