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.
We can provide online assistance with the Mortgage Statement Summary, Mortgage Statement Transactions, Mortgage Statement 2007 Insert and Your Mortgage Statement Notes.
Please read the following important notes concerning your Mortgage Statement. These should answer any questions you have.
If after reading these notes you need any further help, please call our Mortgage Helpline on 08458 501711* or visit the Customer Service section of our website at skipton.co.uk.
- Payments
Payments by standing order or giro credit take several
days to reach us, so there may be a slight difference
between the date on your bank statement and that shown
on your Annual Statement, particularly over bank holiday
periods.
We may, from time to time, implement a mortgage rate
change after a payment has been requested from your
bank. An interest rate increase will result in an amount
of interest being charged to the account which is
higher than that collected, so will increase the balance
outstanding on your account. The opposite applies in
the event of a mortgage interest rate decrease.
This statement shows the amount of payment due each month
and the payments you have made over the year. The Payments
column should match your own records. If there is any
discrepancy, please forward the Statement and any supporting
documentation to Mortgage Administration, Skipton Building
Society, Principal Office, The Bailey, Skipton,
North Yorkshire BD23 1DN.
- Personal details
If any of the details relating to your name, address
and postcode are incorrect, please write to Mortgage
Administration, at Skipton Building Society,
Principal Office, The Bailey, Skipton, North
Yorkshire BD23 1DN, who will then deal with the
change(s).
- Interest
The interest charge shown on your Statement is the
gross interest charged for the year to 31 December 2011.
- Arrears and Arrears Charges
It is essential that regular monthly payments are
maintained. If for any reason you are unable to
do so, you must IMMEDIATELY contact the
Credit Management Department on 0845 850 1766* and
we will endeavour to help you.
Where arrears charges have been debited to your account
on 31 January 2011, these represent the amount charged
for the year ended 31 December 2010. Any charges
incurred during 2011, as shown on your Statement, will
be debited to your account on 31 January 2012 and will
be interest bearing from 1 February 2012 unless paid
directly to us before this date.
- Mortgage Type
Your chosen repayment method is confirmed on the front of your Mortgage Statement Summary.
If you have not already done so, you are advised to consider some form of life cover to enable your mortgage to be repaid in the event of death prior to the end of the mortgage term. For more information, or a quote, call 0845 850 1777*.
Important
Endowment Compensation Payments
If you have received, or do receive, any compensation
payment relating to a policy connected to this mortgage,
you must notify the Society immediately and you should
use it to reduce your mortgage debt.
- No Mailing Reminder
NO MAILING REMINDER
From time to time, the Society and other companies in the
Skipton Building Society Group may bring to your attention
additional services and products in writing or by telephone.
Unless you have already done so, you can request not to be
contacted by writing to the Society at: Principal Office,
The Bailey, Skipton, North Yorkshire BD23 1DN. We will still
send you any notice or information legally required in your
capacity as a member of the Society, for example, notice of
the Annual General Meeting.
If you would like this in large print, Braille or audio, please contact us on 0800 446776* or fax 01756 705700.
Duplicate Statements are available on request, a charge will be made to your account, in line with the latest Tariff of Charges.
YOUR ANNUAL STATEMENT IS AN IMPORTANT DOCUMENT AND SHOULD BE KEPT IN A SAFE PLACE
MORTGAGE HELPLINE 0845 850 1711
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.