Yorkshire Building Society mortgage question

zzzt

I find the online banking for YBS mortgage to be very unhelpful. The interest is calculated daily, and the "statement" it shows does not include interest. It only shows my payments, so every month it just says whatever my mortgage payment is. At the bottom it says "interest charged during this period", where the period is basically since the mortgage was opened until the present day.

That's an almost useless figure. As such there is no way to see how much interest is charged each month, or how much capital is paid off each month.

Can anyone with a YBS mortgage tell me if they send you a breakdown like that once per year?

I tried to do an amortization in a spreadsheet to work it out for myself, but with the interest being charged daily (and the first payment being only 14 days later instead of a whole month) it's difficult to get right, and I don't have the actual value to check against, so it's a futile endeavour since I'll never know if it's correct.

dimbo61

We had an offset mortgage with YBS and used to check the balance nearly every day.
You get a statement each year just after the New year.
Your balance will decrease each month once a mortgage payment has been made so your Interest charged will decrease each month and the capital part increase if only by pennies.
Every little helps