Ask the Specialist

Capital Fortune are asked to help clients on a daily basis, whether it be with a new purchase, remortgage, buy to let or something more unusual. We typically help clients with non-standard, unusual or complex situations and have created this section to allow you to ask our team of specialists any question you may have. Feel free to browse the list of questions and responses. Please note we provide information only in response to the questions posed and not advice. If you do seek advice then feel free to speak to one of our Advisers by calling 0207 710 0400 or send us an enquiry online and one of our Advisers will call you back.

Ask the Specialist

Can I let my existing home and buy another?

on Friday, 30 May 2014 13:22.

Hi, I owe £9000 on my property which is worth around £210000.

I'm thinking about letting this and buying a second home .

I earn 25k pa, and would get £800pcm for renting my first home.

I am 45 years old. Is this possable for me to do this?

Steve

My husband is a self employed contractor, working in the maritime industry - can he get a mortgage?

on Monday, 12 May 2014 12:56.

My husband is a self employed contractor, working in the maritime industry and entitled to claim seafarers earning deduction.  This means he is a non uk tax payer.

In June he will have completed 2 years accounts.

Are we able to apply for a mortgage even though he is not a uk tax payer? If so what is the greatest Loan to Value?

Thanks

Julie

I am a widow and looking at a pensioner mortgage for over 65's as I am 69 soon to be 70 on my next birthday.

on Monday, 05 May 2014 22:02.

I am a widow and looking at a pensioner mortgage for over 65's as I am 69 soon to be 70 on my next birthday.

I am an ex civil servant and have a civil service pension of £23,548 per annum.

My current lender has written to me wanting to know what my plans are to redeem the mortgage next year when it ends.

I currently owe £29,581 on an interest only basis and my house is worth around £250,000. Can you help me?

Mrs M Jones

Do you have flexible expat mortgages?

on Tuesday, 22 April 2014 15:45.

Hi, I am British national living abroad.

I have a house in the UK which I am selling and then intend buying another property in Central London.

I currently have an HSBC interest only mortgage at 0.6% above bank rate.

I prefer a mortgage which will allow me to make large deposits (over payment) and to be able to withdraw this excess at any stage.

Do you have such products?

Nazmi

Can I get a mortgage with 2 CCJ's on my credit file?

on Thursday, 17 April 2014 20:21.

Hi i was wondering if you could give me some information.

I am looking to purchase my house i am living in now (have lived here 11yrs) and would need a mortgage for approx 80000.

I do have 2 CCJ's which were added on to my credit file recently however one of those is a debt which is 7yrs old....would I still be able to get a mortgage....also would it be easier if i made a joint application with my partner ?

Sarah

We live in America and want to buy a house in UK. Can you help?

on Friday, 04 April 2014 16:19.

We live in America and want to buy a house in UK for when we return to live in a year or so.

We are looking for companies that will give us a mortgage.

We have a UK bank account where mortgage would be paid from.

Can you help?

We are self employed with 2 years accounts. Can we get a mortgage?

on Friday, 04 April 2014 22:18.

We are a husband and wife director team running a very profitable company.

Applied for a mortgage with a National Lender as we are longstanding existing customers with 2 years of accounts. Getting hugely conflicting info from the underwriters and am fed up with them. It's one problem after another to the point of farcical.

It's as if they just don't know what they are doing.

Our LTV is only 47% and we will be homeless in 4 weeks if this doesn't go through.

 

My daughter has moved into the area and her husband is working abroad for a UK company. What kind of mortgage could be offered to them?

on Saturday, 29 March 2014 02:13.

My daughter has moved into the area and her husband is working abroad for a UK company.

She is at home with their young son who attends the local nursery, they are renting and paying council tax.

They wish to buy a house here in the UK with a joint mortgage. The price of the house is £140K.

What kind of mortgage could be offered to them? Lynne.

 

My house is valued at approx £200,000. I owe £40,000. I am 67 years. I need to remortgage to give me time to downsize

on Monday, 31 March 2014 20:05.

My house is valued at approx £200,000. I owe £40,000. I am 67 years. I need to remortgage as I may not be able to downsize in time for the term of my present mortgage . I was led to believe I would be given an extension of three years on interest only. I now find out that they would change it to a repayment mortgage. I need more time and peace of mind. I hope you are able to provide me information on a way forward. Thanks Theresa

My husband and I are currently living in Beijing, China - he works for the FCO

on Thursday, 03 April 2014 14:27.

Hello, my husband and I are currently living in Beijing, China - he works for the FCO, and therefore has diplomatic status, as do I.

We're in the process of buying a house - what are the mortgage implications of our FCO posting?

We return to the UK in six months. Thank you

Isabelle, Beijing, China