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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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.
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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.
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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.
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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.
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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.
Experts
Emma Banks
Company:lv=Emma Banks from the UK's largest friendly society LV= has worked in insurance for 18 years at companies including Churchill, Direct Line, and MORE TH>N.;
Further Questions
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. |
Splitting up? What if he stops mortgage repayments?A reader from Leicester is splitting up and is concerned what will happen if her ex stops paying his part of the mortgage. |
Splitting up and leaving the mortgage?A reader from Essex has split up with her husband and is now worried about walking out on the mortgage. |
Can I port my mortgage?A reader from Essex is worried about moving up the property ladder and if she can take her mortgage with her. |
Will my shared property help me up the property ladder?A reader from London wants to move up the property ladder, but wonders if he can hold on to his old property. |
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