Ask the experts
About our 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 number of people who have years of experience in the mortgage market. The team is led by Peter Woodward who works in our technical department. Peter spent his formative years as an underwriter with one of the major UK lenders so what he doesn't know, quite frankly, isn't worth knowing...
So please do submit your question and we will do all we can to answer it as quickly as possible
Please be aware that these answers can only be generic and no personal recommendations can be made.
Posted on 27 October 2008
Which institutions offer drop locked tracker mortgages ?
Posted on 25 October 2008
I have am Interest only mortgage with db bank of £210k which is not due for remortgage until 2009, payments up todate, no missed pyt, in the current climate would I be abe to get part repayment/interest or is it best to continue...
Posted on 20 October 2008
HI I AM THINKING OF BUYING MY EX PARTNER OUT OF OUR HOME WE HAVE HAD TOGHER FOR 5 YEARS WE HAVE BEEN SEPORATED FOR 4 YEARS BUT BEEN VERY AMICABLE ABOUT THE MORTGAGE AND ALWAYS SPLIT THE PAYMENTS 50\50 THERE IS NO ANIMOSITY SHE...
Posted on 19 October 2008
Hi
Myself & my partner took out a 30 year mortgage with 5 year fixed rate exactly 2 years ago. We have now decided to split up and would obviously incur charges to change mortgages and the house is in negative equity we were...
Posted on 16 October 2008
I am planning to buyout the share of my sister in the property in which I cuurently live (alone) and we own jointly. As there is only 5 years of loan left on theproperty, I will need to take out a loan to pay my sister's share....
Posted on 13 October 2008
We have an endowment mortgage (10 years)which up to the credit crunch was on Track. What effects will the downfall of the stock market have on its value?
Posted on 12 October 2008
HI
I am looking to raise my own mortgage and buy out my exs share of the property. We both own the property.
If I get a mortgage offer as the buyer can I make him a lesser offer than the 50% of the value of the property...
Posted on 10 October 2008
my husband and i have retired and would like to move to cyprus.the house market is slow and we need to sell our house first.if we kept our house how could we raise money to buy an apartment abroad.and then we could have 6months...
Posted on 5 October 2008
I am considering putting my house in part exchange for a more expensive new one.
Do I need to pay the full stamp duty on my purchase or only on the difference in value?
Thanks
Peter
Posted on 3 October 2008
Hi Bea, can you advise any companies who will look through your credit report and advise you of how credit worthy you are and how likely a mortgage will be?
Posted on 2 October 2008
We are looking to buy a property for approximately £400-£450k but have trouble finding a buyer for our home which is on the market for £265k, a property we are keen on has now been offered as part exchange available and the...
Posted on 2 October 2008
my partner has recently left the household. We have a child that remains with me at the moment. when she gets her own place we will have roughly 50-50 care of her. The house mortgage is in both of our names. is she liable for...
Posted on 1 October 2008
I am in a bit of an unusual situation. I bought a flat which i lived in and could comfortably afford the mortgage (a 2yr fix). A year into this I moved in with my partner and am fortunate to not have to pay any rent to her. I...
Posted on 1 October 2008
I have a £48k mortgage with GMAC and a £10k loan with Norton finance. I used to have a Halifax mortgage but got into arrears and had a default notice three and a half years ago, since then I’ve been with GMAC and had 3 late...
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 neccessarily represent the views, positions, strategies or opinions of John Charcol Limited. All comments are made in good faith, and John Charcol Limited will not accept liability for them.
We recommend you seek professional advice with regard to any of these topics where appropriate.
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