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.
Hi, I've seen a plot of land that I wish to buy. Can I get a mortgage to buy this piece of land? I plan to build a home for my family on it but this may not happen for a number of years as I plan to save more money. Does this...
I am looking to buy a house in the region of £70,000. The house is in need of a tidy up, rewire, etc. I was wondering could you get a mortgage higher than the house price. Would be looking around £110,000. Wanted a fair idea...
My partner and I have just gained planning permission to rebuild a house that we both own outright. However he already has a mortgage on another property of £83,000. We also both have loans of £10,000 each. We thought it would be...
Hi, I am looking to buy a building plot to self build. I am currently investigating finance options. It seems that the maximum LTV is much greater if the property is considered to become my 'main residence'. However I may not yet...
I own a house outright worth approx £250,000 and I also own land approx 18 acres, and I'm applying for planning on to build 3 houses beside my house. I would like to buy and sell existing property as a full time job. I work in...
Hello. I purchased an old semi detached home and have no mortgage. I knocked the property down and have re-built on the same plot. It is almost finished. Is it likely I can get a mortgage on the property once all is signed off?...
We currently own a double fronted Victorian house, which is split into two flats. We own both flats and the freehold. We have a mortgage on each flat with different lenders. We now want to convert the flats into one house and...
I own a property and have done for 3 months. I need to mortgage it, although it does not have full NHBC or been signed off by Building Control!! What can you offer me?
I own a piece of land with planning permission worth £600000. Can I fund a self build by borrowing the value of the land?
I wish to raise £80K for approx 8 months, in order to buy a piece of land and build on it. The builder will coverall build costs. The land has planning permission already. I have a £130k mortgage on my house and its value is...
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