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 11 February 2010
I OWN MY HOME, VALUED APPROX £400,000, OUTRIGHT. MY DAUGHTER & son in law are anxious to buy a house and have about £200 deposit. my son inlaw earns approx £55,000 A year. they own a flat each, currently both let, and covering...
Posted on 11 February 2010
My mother and father divorced 11 years ago and my mum has been paying the mortgage on the house. She is 67 years old and still in employment. My dad now wants his share of the house, which is about 90,000, would we be able to...
Posted on 10 February 2010
Hi,
I have a house worth about £155-160K and own it outright. I would like to upgrade and relocate and wondered how much I could get a mortgage for. I am single and only earn just under £21K. I pay back a private loan of £380...
Posted on 10 February 2010
Hi,
After 8yrs of violence & abuse, I want my husband to move out and I want to start divorce proceedings. I have 2 children 17 & 12 (from my first marriage)and do not want to disrupt their education or lives. However, my name...
Posted on 9 February 2010
Hi, I own a flat (Let at £1000 per month) worth £250,000 which has £98,000 left on a variable rate mortgage, the mortgage payments are £800 per month, me and my partner who are living with my parents, would like to purchase a...
Posted on 8 February 2010
I am separating and we have a house worth £400k with £160k joint mortgage. I wish to be sole person on deed so I can leave it to my children etc but do not have the income to remortgage. My husband, who will continue to pay the...
Posted on 7 February 2010
I am coming to the end of my fixed rate mortgage in June '10. Since taking out the mortgage, my family has increased from just me and my hubby to 2 small children. With this change came a change in my working pattern (part-time...
Posted on 7 February 2010
I currently own a two bed flat and I am looking to buy a home with my partner. Is it possible to change my current mortgage to a buy to let? I have about 30,000 equity im my current flat, is it possible to release if I change...
Posted on 7 February 2010
Hi
My finances are a mess due to a number of factors- but mainly stupidity. I have a DMP with cccs and two ccj. My salary is in excess of £46,500 and my husbands is 44,000. We have a mortgage with a mainstream building...
Posted on 6 February 2010
I own a house abroad but would like to buy my first home in the uk through shared ownership. Do you think that having a house abroad makes me not eligible?
Posted on 5 February 2010
I have a very bad credit history and having been renting for several years. I want to get back into the property market again and am looking for a sub-prime shared ownership mortgage. Also can I use self-cert mortgages for bad...
Posted on 5 February 2010
I am looking to buy my parents' house. How do I transfer my mortgage to this new address?
Posted on 3 February 2010
Hi, my partner owns his house outright and is valued at about £290,000. We wish to purchase a larger house and wondered if there is any way we could release equity in order to pay for a new property currently on the market for...
Posted on 2 February 2010
I split from a partner with whom I owned a house several years ago. We own the house as joint tenants but as we were never married we did not deal with solicitors when we split up and the tenancy was never severed. Historically,...
Posted on 30 January 2010
We have a deposit of 120k and wish to take out a mortgage of 230k the problem is for the next 6 months we are only able to take my income into account at £38,404. After 6 months my wife will start as a primary school teacher with...
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.
Categories
- 100%+ borrowing (6)
- Bad credit (26)
- Bridging loans (4)
- Buy-to-let (52)
- Buying abroad (21)
- Commercial (5)
- Consolidation of debts (10)
- Council houses (4)
- Current rates & the market (15)
- Endowments (2)
- Equity release (4)
- Ex-pats mortgaging in the UK (5)
- First-time buyer (28)
- Fixed or Variable? (12)
- Foreign Currency or foreign tracking rate mortgages (6)
- Guaranteed" home-buy schemes (1)
- Guaranteeing & buying with child (6)
- Holiday homes (3)
- Interest only vs repayment (13)
- Legal matters (6)
- Let-to-buy (11)
- Life assurance/ protection (1)
- Lower mortgage payments (42)
- Mortgages in retirement (20)
- New build (4)
- Offset mortgages (9)
- Overpayments, Payment Holdays, underpayments, Borrowback (13)
- Raising capital out of property (15)
- Remortgaging (66)
- Second properties (20)
- Secured loans (9)
- Self-build (8)
- Self-certification (10)
- Separation or Divorce (21)
- Shared ownership (10)
- Special circumstances (38)
- State benefits (2)
- Tax issues (12)
- Temporary employment (2)
- The application process explained (11)
- Trusts (1)
- Unsecured loans (3)
- Valuations, Freehold, leases & unusual property (14)
Archive
- February 2010 (29)
- January 2010 (17)
- September 2009 (2)
- August 2009 (3)
- July 2009 (1)
- June 2009 (16)
- May 2009 (6)
- April 2009 (6)
- March 2009 (4)
- February 2009 (19)
- January 2009 (3)
- October 2008 (14)
- September 2008 (10)
- August 2008 (12)
- July 2008 (6)
- May 2008 (21)
- April 2008 (13)
- March 2008 (39)
- February 2008 (33)
- January 2008 (35)
- December 2007 (17)
- November 2007 (9)
- October 2007 (49)
- September 2007 (35)
- August 2007 (37)
- July 2007 (28)