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.
We have just remortgaged our property with Tesco Bank but are now interested in buying a new property which would require us to borrow a further £40k. Tesco won't discuss any additional funds until we have made 6 repayments (we...
can my current mortgage lender refuse a second mortgage on my property?
hi, We want to buy a second property in Ireland as an investment with the view to moving there permanently in a few years time ond using it as a holiday home in the mean time. We currently own a house in London that has a £200k...
We purchased a large u shaped steading in Aberdeen several years ago. One side of the u was unconverted and we have recently obtained planning permission to convert this side in to a 4 bed house ( no restrictions), using existing...
I'm not sure what is acceptable terms & conditions or interest rates, I have had my property for 11 years and am only looking for £6k. My credit rating is not sufficient for unsecured however I have never missed a mortgage...
Im thinking of getting a secured loan on my property, if I borrow 10k and get behind on payments, can they repossese the house for this amount or will they obtain a charging order?
Categories: Secured loans
I currently have a property valued approx. £115/120,000, mortgaged for around £95,000. I dont live in the property and a friend stays there due to me living with my girlfriend at her house. I can't get an unsecured loan due to a...
Categories: Secured loans
I currently have a property worth £140,000 and my morgage on this property is £90,000. I want to buy a commercial property worth £200,000 and turn it in to my own hair salon business. I have £20,000 saved for cash deposit, would...
I have a very good deal on my main mortgage with Nationwide but only a reasonable deal with them on the smaller additional borrowing that was required when I moved house. When the tracker deal on my additional borrowing expires...
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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.