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 30 April 2009
i arranged a BTL mortgage with Mortgage Express 2 years ago when ALL their variable rates used to track BOE base rate at 2% or 1.75%. Mortgage Express are now refusing to pass the base rate cut and claim that the mortgage...
Category: Buy-to-let
Posted on 17 April 2009
I gained permission to let my flat 2 years ago by my lender for 1 year. Although they have since not contacted me to discuss where I stand on this. I came off my fixed rate in July2008 of 5.05%, but have subsequently benefited...
Category: Buy-to-let, Remortgaging
Posted on 14 April 2009
You successfully arranged a mortgage for myself (a british national) and my partner (an Australian national) - this was 18 months ago. We are seeking to buy a second property in another area. Are there any providers who will...
Category: Second properties, Special circumstances
Posted on 9 April 2009
I am a British citizen who recently moved to the USA after getting married. Mortgage on my main UK residence is due to expire in September. I am not working at the moment but my husband is and can afford maintaining the two of...
Category: Buy-to-let, Remortgaging
Posted on 3 April 2009
I have equity of 130000 in a property valued at 150000. I want to buy a second property to retire to in 3 years when I will be 60. In the meantime I would like to rent out this second property.
I have an income of £48000 and...
Category: Buy-to-let, Interest only vs repayment, Legal matters, Remortgaging, Tax issues
Posted on 14 March 2009
HI I AM LOOKING FOR A BUY TO LET MORTGAGE WITH A 10% OR 15% DEPOSIT ON A 11400 LOAN
Category: Buy-to-let
Posted on 14 March 2009
Having left the UK to live and work in Canada in 2006, the mortgage on our old UK main residence in the UK is due for renewal later this year. the house has been succesfully rented since we left, but we are unsure if we can...
Category: Buy-to-let, Ex-pats mortgaging in the UK, Remortgaging
Posted on 13 March 2009
i need a residential buy to let mortgage. i have got 15% deposit.
A 15% deposit would have been sufficient before the credit crunch, subject to the rental income being adequate, but the minimum deposit required now is 25%,...
Category: Buy-to-let
Posted on 12 March 2009
I HAVE A MORTGAGE FREE PROPERTY WORTH(340000) AND WANT TO RELEASE MONEY AGAINST IT(10000)TO BUY ANOTHERPROPERTY.N.ROC SAY YES BUT NO TO LET IT OUT, I WANT TO DO THIS. IS THERE ANY COMPANY THAT WILL ALLOW THIS?
Many lenders...
Category: Buy-to-let, Raising capital out of property, Remortgaging, Tax issues
Posted on 13 February 2009
I am having difficulty with Experian and my credit report. Despite having no loans or debt and savings my credit report comes's up with poor. i am trying to purchase a £225,000 house and have 40% to put down. Can I get a mortgage...
Category: Bad credit, Special circumstances
Posted on 12 February 2009
I am currently living overseas due to work commitments and this is likely to continue for the forseeable future. Currently we own a flat in the UK in my wife's name which we lived in before we left. We are now looking to buy a...
Category: Buy-to-let, Ex-pats mortgaging in the UK, Second properties, Special circumstances
Posted on 12 February 2009
Me and my partner have just been turned down by the halifax for a mortgage die to our credit score, we are existing mortgage customers with the halifax. We are looking to buy a new build property for £164,995 and have a 20%...
Category: New build
Posted on 11 February 2009
My husband and I are in our 4th year of an IVA and our fixed rate mortgage ended in January so we are now on the variable rate. We bought the house in 2001 for £43,000 but have a secured loan of £36,000 when we had the house...
Category: Bad credit, Consolidation of debts, Remortgaging, Secured loans
Posted on 11 February 2009
Assuming a property value of £100000 on a buy basis of 75% and rental on 25%. What amount of deposit would be needed and what would the monthly outgoings be assuming it was a 25 year mortgage for first time buyers?
It is...
Category: First-time buyer, Shared ownership
Posted on 11 February 2009
MY PARTNER HAS BEEN DIVORCED JUST OVER A YR BUT STILL HAS A JOINT MORTGAGE AND DEEDS TO A HOUSE HIS EX STILL LIVES IN. WE ARE SET TO MARRY SOON WILL THIS POTENTIALLY AFFECT ME OR WOULD I BE ENTITLED TO ANY OF THE HOUSE. IF WE HAD...
Category: Legal matters, Separation or Divorce, Special circumstances
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)