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Mortgage refund?

Tips and advice on how to use Landlord Vision.
stevespfwe
Posts:13
Joined:Thu Sep 07, 2017 11:31 pm
Mortgage refund?

Postby stevespfwe » Sun Oct 08, 2017 9:12 pm

Hi,

How do I represent a refund from the mortgage lender?

I'm remortgaging and paid a final payment right before the remortgage which was then refunded (plus a bit more due to interest calculations) a few days later.

If I look at making a manual payment for the mortgage it doesn't let me enter negative amounts. Is there a better way to show this?

Thanks

stevespfwe
Posts:13
Joined:Thu Sep 07, 2017 11:31 pm

Re: Mortgage refund?

Postby stevespfwe » Thu Oct 12, 2017 6:56 pm

Anyone?

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

Re: Mortgage refund?

Postby roy » Fri Oct 13, 2017 2:13 pm

Hello

Thank you for contacting support

I would say your best option is to record the refund in Property Manager > Income and set the account to Mortgages and Loans. You might want to spit it up so that the capital goes to Mortgages and Loan and then add a second income for the interest assigned to Mortgage and Loan Interest.

Kind regards
Roy

stevespfwe
Posts:13
Joined:Thu Sep 07, 2017 11:31 pm

Re: Mortgage refund?

Postby stevespfwe » Sat Oct 21, 2017 3:56 pm

Thank you Roy.

stevespfwe
Posts:13
Joined:Thu Sep 07, 2017 11:31 pm

Re: Mortgage refund?

Postby stevespfwe » Tue Oct 24, 2017 4:31 pm

For info, I think may have found a better way...

View the mortgage, then click the Fees & Charges tab.
Add a credit note for the amount, then create a refund.


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