Articles by David Hollingworth

Can I remortgage without proving I can repay the loan?

Wednesday, 22 May 2019 | Question and Answer

Lenders will need to be able to demonstrate that a borrower can afford any new mortgage. That will require an assessment not only of income but also of the borrower’s outgoings and ongoing commitments.

Is an interest-only mortgage suitable at my age?

Thursday, 14 February 2019 | Question and Answer

There are a number of issues to consider in determining whether this mortgage term and structure will be right for you. These include how long you expect to keep the property and to carry on working.

What’s the best way to pay off the capital on our interest-only mortgage?

Friday, 26 October 2018 | Question and Answer

Interest-only mortgages work exactly as the name suggests and monthly payments only cover the cost of the interest charged on the mortgage.

Can I buy my council home with my kids?

Tuesday, 02 October 2018 | Question and Answer

Right to Buy allows council tenants to buy their home with the help of a discount on the purchase price.

Can we get a home loan on the £110,000 that has been gifted?

Monday, 19 February 2018 | Question and Answer

This type of purchase of a property at a discount from the open market value is something that is often referred to as a concessionary purchase. There should be a reasonably good choice of lender that can help.

Ask the Experts: Can we look for a lower mortgage rate before our fixed term ends?

Monday, 23 October 2017 | Question and Answer

Mortgage rates are at a record low at the moment and that applies to buy-to-let deals too. That’s great news for landlords as they can shop around for a cheaper mortgage deal.

Can we transfer our jointly owned property to my name for tax purposes?

Monday, 08 May 2017 | Question and Answer

My husband and I own a buy-to-let property as joint tenants. I am about to become a non-taxpayer, whereas he is a higher-rate taxpayer.

How can we cut costs if we switch to a repayment mortgage?

Tuesday, 30 April 2019 | Question and Answer

We have an interest-only mortgage with a rate of 8%. Our repayments are £451 a month.

Our bank won't give us a mortgage. Will anyone help?

Wednesday, 07 September 2016 | Question and Answer

My husband and I are ‘mortgage misfits’. We are over 50, self-employed and buy-to-let (BTL) landlords. Our bank has rejected our mortgage application.

How do I take my name off a joint mortgage with my son?

Friday, 22 July 2016 | Question and Answer

As you say, if you are planning to buy another property it would incur the 3% surcharge on stamp duty rates that now applies to additional properties.