UB Tracker (cap & int. mortgage) but interest unchanged over 5 years !?

L

LosLobos

Registered User
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As part of closing down current account, I requested in one go my mortgage interest certificates for my rental property over 5 years.

Looking at them together - the "actual interest (gross)" amounts for years 2017-2021 inc were all the same, lets say, EUR1,000.

"[A]ctual interest (gross)" amounts = "net interest paid" for 2021 only, the 'net' is greater by EUR50 in 2020, by EUR150 in 2019, by EUR200 in 2018 and by EUR225 in 2017.

I don't understand why there is no difference in the gross amounts for any of the 5 years despite overall reducing balance, neither do I understand the difference between the net and gross amounts and why there is no difference in 2021.

Help!
 
It's not an interest only mortgage with no capital repayments by any chance?

Edit: sorry - I see now that you answer my question in the thread title. :confused:
 
Problem solved.

Error in their records. The gross numbers were incorrect - somehow being copied from one year to the next. (You would have thought these things were automated!)
 
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