To provide a clearer picture of the information in your Year End Mortgage Statement we have provided sample forms with comprehensive explanations of each section.
000001/02/03
| Account name: |
A N OTHER |
| Account number: |
1234567890 ? |
Remaining Mortgage Term: Aug 2020 ? |
| Security Address: |
Sample Street
Sample District
Sample Town
Sample County
AB12 CDE |
| Mortgage type: |
Interest Only ? |
This is an interest only mortgage. This assumes that you pay back the total amount borrowed on an interest only basis as a lump sum at the end of the mortgage term. Your mortgage does not include the costs of any savings plan or other investment you may have arranged to build up a lump sum to repay the amount your borrowed. It is important to check regularly that your savings plan or other investment is on track to repay this mortgage at the end of the term.
Your insurance Cover ?
| Company |
Cover for 2012 |
Sum Insured |
Monthly Premium |
| You have made separate arragements for your buildings insurance. Your mortgage payment does not therefore include these premiums. |
Interest Rates Charged ?
| Effective From |
Rate |
Effective From |
Rate |
Effective From |
Rate |
| 20/02/08 |
4.750 |
01/08/08 |
3.190 |
01/12/08 |
4.280 |
| 01/06/08 |
1.990 |
01/09/08 |
3.670 |
|
|
Information ?
The total amount required to repay this account if it had been redeemed on 31 December 2011. The repayment amount includes fees:
| Redemption Administration Fee: |
£125 |
| Early Repayment Charge: |
£5,644.94 |
| Total amount |
£109,293.63 |
Early Repayment Charges in this account will apply until 31 May 2013 Interest up to the end of the month of redemption will be charged if there is no Early Redemption Charge shown.
In some circumstances, additional charges may be payable. Should you wish to redeem your mortgage, please ask for a formal redemption statement.
This account is not a regulated mortgage contract. ?