Your itemised statement explained
7. 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 amount borrowed, plus the monthly interest on the outstanding balance.
- 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 your mortgage, while paying just the interest on the other half.
8. Amount due in 1 January 2022 to 31 December 2022
A list of the payments that were due on your mortgage during 1 January 2022 to 31 December 2022. If you find the amount due in one month 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.
9. Amount received in 1 January 2022 to 31 December 2022
A breakdown of payments you’ve made to this mortgage during the past 12 months. A negative value may indicate a refund or an unpaid amount.
Amount shows as £0.00
If you have recently completed your mortgage, or have agreed a payment holiday with us during the year the amount due and amount received will show as £0.00 as no money is expected into your mortgage account. At the end of your payment holiday the payments and interest that haven’t been paid during the holiday period will remain outstanding.
Call us on 0800 121 8899
- Mon-Fri 8am-7pm
- Saturday 9am-2pm
- Sunday & Bank holidays Closed
Yesterday, people waited on average
17 seconds for savings enquiries
17 seconds for mortgage enquiries