Mortage paid from wrong bank account
Posted: Fri Jan 24, 2025 7:13 pm
Hi,
I remortgaged two properties that I manage using two separate bank accounts. In the remortgage process, the new lender managed to take both mortgage payments from 1 bank account. When reconciling the bank account this is causing issues as the transactions don't match vs. the mortgage expense ledger, and when I try to match manually I'm only able to see the amounts in the relevant house / bank account so the amount is only partially reconciled so won't let me match them.
I have both mortgages set up to be automatically paid and I think the mortgage expense has been recorded correctly and is showing in each of the properties Profit & Loss Statements, I just can't reconcile the bank account. Can someone advise on the best way to handle this?
Thanks,
I remortgaged two properties that I manage using two separate bank accounts. In the remortgage process, the new lender managed to take both mortgage payments from 1 bank account. When reconciling the bank account this is causing issues as the transactions don't match vs. the mortgage expense ledger, and when I try to match manually I'm only able to see the amounts in the relevant house / bank account so the amount is only partially reconciled so won't let me match them.
I have both mortgages set up to be automatically paid and I think the mortgage expense has been recorded correctly and is showing in each of the properties Profit & Loss Statements, I just can't reconcile the bank account. Can someone advise on the best way to handle this?
Thanks,