Ask The Expert
Myfinances.co.uk has assembled a collection of experts in the fields of personal finance to answer your questions. So, if there is a major headache in your financial world that you would like some clear expert advice on, please use this email expertadvice@myfinances.co.uk.
Ask the Expert: Questions
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Can a lender change the terms of a mortgage after a delay that was caused by them?
A reader wants to know if a mortgage lender can change the terms and conditions of a mortgage as a result of a delay caused by the lender not the borrower.
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Can a mortgage firm extend the length of our mortgage?
A reader is concerned that his mortgage company has said they can extend the term of his mortgage without his permission.
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Mortgage advice relating to a family joint ownership dispute
A reader wants to know where they stand in regard to a jointly-owned property that is in negative equity and whre one part-owner wants to dissolve the partnership.
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I am splitting from my partner and want to keep the house
A reader is splitting from his partner, wants to keep the property and is looking for advice on how to convince a mortgage broker that he can take on the mortgage on a single salary.
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Would it be sensible to repay my mortgage straight away as I have the funds?
A reader from Scotland is asking for advice on whether he should repay the outstanding balance immediately or continue repaying over the fifteen year term.
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A parent wants to know how she can help her daughter keep her home after a marriage break-up
A reader wants to know if she can be the guarantor on her daughters mortgage so that her daughter can keep her home after her marriage break-up.
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How can I help my partner settle a joint mortgage dispute with her ex?
A reader from Gillingham wants some advice on how his partner's ex can be removed from a mortgage and how a settlement can be agreed.
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Is it better to save in a savings account or pay off more of the mortgage?
A reader from Barrow would like to know if it is better to save in a savings account or pay off more of the mortgage before they look to upsize their home later in the year.
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Will overpaying on a ten year fixed-rate interest only mortgage reduce the capital?
A reader from Cambridge wants to know if overpaying on an interest-only ten year fixed mortgage will help reduce the capital owed at the end of the term.
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If my name is on a mortgage in a property I don't reside in, am I held liable?
A reader from Peterborough wants to know if late payments on a mortgage on the house she used to reside in with her mother will affect future mortgage chances.
Experts
Mark Hollands
Company:London Money
Mark Hollands has over 15 years industry experience as a mortgage advisor, national sales manager before joining London Money as a residential & commercial mortgage broker in Central London.;
Mike Jones
Company:Lloyds
Mike Jones is the sales director for the UK's leading lender, Lloyds Banking Group – representing brands including Halifax, Lloyds TSB, Cheltenham and Gloucester and Birmingham Midshires.;
Further Questions
Can I sell my mortgage to a third party for cash?A reader from Essex wants to know if her boyfriend can sell his half of a property with his ex to her granddad for cash. |
Can I be named on a new mortgage while I keep my current mortgage with a view to rent?A reader from South Yorkshire wants to buy a property jointly with his girlfriend and rent out the property he already has mortgaged. |
I want to let my flat, but I'm in negative equity. Do I tell the mortgage lender?A reader from Scotland wants to move in with her partner and rent out her flat. |
Will student debts hit mortgage chances?A reader from Luton is planning to study, but is worried about how student debts will hit his mortgage chances after graduation. |
My partner needs to drop his ex off the mortgage?A reader from Walsall's partner is looking to take his ex off the mortgage. |
How long does it take to complete a remortgage?A reader from Southampton is waiting for a remortgage to go through. |
When should I tell my lender I am in trouble?A reader from Norwich is struggling with his mortgage but is not sure whether to tell his mortgage lender. |
Will a government-backed mortgage lender by tougher or easier?A reader from High Wycombe wants to know if it will be easier to get a mortgage with government owned mortgage lender. |
Should I organise a mortgage if rates will drop?A reader wants to know whether he should organise a mortgage now – or wait for interest rates to drop. |
Tracker or fixed-rate remortgage?A reader is coming to the end of a fixed-rate deal and wants to know whether to remortgage with a tracker or another fixed rate mortgage. |