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Varying Mortgage Payments

Tips and advice on how to use Landlord Vision.
james
Posts:1
Joined:Mon Feb 20, 2017 10:45 pm
Varying Mortgage Payments

Postby james » Mon Feb 20, 2017 10:48 pm

Hi,

I have a mortgage where the fixed period has ended and there were a couple of months before the remortgage came through, what is the best way to include the payments for this?

Thanks

roy
Posts:80
Joined:Tue Aug 23, 2016 11:38 am
Location:United Kingdom

Re: Varying Mortgage Payments

Postby roy » Tue Feb 28, 2017 10:35 am

Hello
Thank you for contacting support. Please follow these steps
Enter the mortgage into Finance Manager and set it up for the full term. Enter the information for the fixed rate period as normal
One the fixed period has ended, if the interest rate and the repayments have changed, go to Finance Manager > Mortgages / Loans > select the mortgage > click Change Loan at the bottom of the View/Edit Mortgage page and enter the new details including the date that these new payments start from.
Then press Close Mortgage > Remortgage/Refinance to set up the new details

Kind regards
Roy


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