Articles by David Hollingworth

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?

Monday, 12 September 2016 | 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.

What do I need to consider if my son pays off my mortgage?

Tuesday, 17 May 2016 | Question and Answer

The first thing to check is whether the mortgage carries any early repayment charges. It’s unlikely given the fact that you’ve had the mortgage for some time, but it’s worth confirming.

Should we take out a mortgage to fund our buy-to-let venture?

Tuesday, 26 May 2015 | Question and Answer

Using buy-to-let mortgage finance is a necessity for most aspiring landlords but even some who do have the funds to buy a property outright will still use a mortgage to help build their portfolio.