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.
My wife and I are being given the option to buy my mother in laws house for £200,000. It has been valued at £230,000, however. We have a £30000 deposit. Would a mortgage company base its decision of whether to lend to us on the...
Categories: Second properties
I have a small mortgage on my current home circa (£20k) and wish to remortgage (borrow an additional £140k) to buy the house next door for my elderly inlaws who need to move nearer. My current property is worth circa...
Hi, I have a 60% mortgage on a property in my name. My partner (who currently has no mortgage or property and will be a first time buyer) and I want to buy a property together - maybe a holiday home for our use or maybe a buy to...
I 100% own a second property worth £250000 that my 87 year old mother lives in. How can I raise cash against this property.
I own my own home and another property outright (rented out). I am thinking about buying a property for my daughter and her boyfriend to rent from me. But I would need a mortgage. I could afford a deposit of about 15% of the...
I have a mortgage. I would like to take out a further mortgage to buy a second property where my mother would live. Can you assist me please?
Categories: Second properties
I have a property that is worth 180k and no mortgage I would like to buy another property 120k With a 90k mortgage secured on 1st home Is the mortgage classified as remortgage or 1st time or remortgage etc applications online...
My father has suffered a stroke. He will not walk again. The cottage he lives in is totally unsuitable, with only one room accessible to him and no way of reaching the outside world except by ambulance. I would like to purchase a...
Me and my partner and his mother as a guarantor bought a two bed flat in 2008 with a mortgage of 86000 however we now have two children and need a bigger house. I was thinking of signing the flat temporarly to his mother as she...
Hello I have a rather frustrating problem. Our house is up for sale although we have only just put it up because we have seen a property in scotland. We need to find a way to come up with £160,000 until we have sold our house to...
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.