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mortgage balance

hey all

just a quick question..... iv notice a few people have a note of their outstanding mortgage right down to the penny - how do you work this out? when i phoned my mortgage company they wouldnt tell me the balance over the phone, but said they would send it out i writing. Iv not heard anything back yet.

sorry if this is a daft question....... :o
Moved into dream house - 17/08/12 :D
Savings - £600
Xmas 2013 - £43
Credit card - £2741 :eek:

Comments

  • Sounds odd i got mine the other day just by answering a few security questions. Maybe each bank is different
  • Sparkle78
    Sparkle78 Posts: 97 Forumite
    They should be able to tell you there and then... basically it's your debt so you have a right to know. Are you sure they aren't sending out a redemption figure cos I know that gets sent but I thought you would be told your outstanding balance there and then. In saying that, I have a secured loan and I have to wait til they send it out to me and receive a balance statement once a year! Sounds strange they won't tell you over the phone.
  • squares
    squares Posts: 41 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Ask them for a running balance at the end of the previous month, ie 30.09.10. This should be spot on if it is monthly interest.
  • blueberrypie
    blueberrypie Posts: 2,396 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    Some mortgages can be viewed on-line, so it's easy to log in and view your balance daily.

    Others can provide a figure instantly on the phone. With Woolwich there's no on-line facility but you can ring outside office hours and get your mortgage balance from the automated system.
  • hillcats
    hillcats Posts: 899 Forumite
    Part of the Furniture 500 Posts Photogenic
    I can view all of my accounts on-line.
    Mortgage, Savings & Current Accounts hence my signature is correct.
    ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
    NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
    BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 2027
  • loveGSDs
    loveGSDs Posts: 317 Forumite
    my mortgage is with dunfermline BS, and they def wont give it out over the phone. iv also checked to see if i could log on to view it but no luck. oh well, il phone them again on monday and request a statement is sent out

    thanks for ur replys guys!
    Moved into dream house - 17/08/12 :D
    Savings - £600
    Xmas 2013 - £43
    Credit card - £2741 :eek:
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