1.    Balance at 1 January 2019

The money you owed as at 1 January 2019.

2.    Amount advanced during 2019

Any additional money you borrowed from us during 2019, or the original advance if the mortgage was taken out during 2019. If you had any monies advanced during 2019 and opted to add any fees to this amount, they will be included in this figure.

3.    Interest charged during 2019

This figure shows you how much interest was charged on your mortgage accounts(s) during 2019.

4.    Other charges

A figure totalling any other charges applied to your mortgage.

5.    Payments received in 2019

The total payments credited to your mortgage in 2019.

6.    Balance as at 31 December 2019

This is your outstanding mortgage balance at 1 January 2019 (or the original advance if this is a new mortgage) plus interest charged, any additional advances and fees or charges for the year minus all mortgage payments you made in 2019.

7.    Interest rates

The interest rate(s) charged on your mortgage during 2019, together with the dates on which they changed, if this applies.

8.    Cost of repaying your mortgage early

This is how much it will cost if you decided to repay your mortgage in full early, and is correct as at 31 December 2019. This will include a mortgage exit fee, unless your entire mortgage balance is due for repayment in less than one year. Also, an early repayment charge (ending your mortgage) may apply.

If your mortgage consists of sub-accounts we will show the cost of repaying each part on the individual sub-account summary pages.

If an early repayment charge does apply, we’ll provide its expiry date on the relevant summary statement.

9.    Repayment type

A reminder of the repayment scheme you’ve arranged with us, which will be one of three types:

• Capital repayment mortgage
  Each month, you repay some of the original funds borrowed, plus the monthly interest on the outstanding balance.
  
• Interest-only mortgage
  With your interest-only mortgage, your regular monthly mortgage payments only cover the interest charged on the money you’ve borrowed.
  
• Part interest-only and part capital repayment mortgage
  Your mortgage is a mix of these two types of scheme. For example you may be repaying the money you borrowed plus interest on half of your mortgage, while paying just the interest on the other half.

10.    Amount due in 2019

A list of the payments that were due on your mortgage during 2019. If you find the amount varies significantly to other months, this could be due to an interest rate change on your mortgage, borrowing further funds or changes you have made to your mortgage e.g. from interest-only to capital repayment.

11.    Amount received in 2019

A breakdown of payments you’ve made to this mortgage during the past 12 months.