Mortgage statement for tax year

jra505

Hello

For filling out a self assessment form, I need to know how much interest has been paid on a buy to let mortgage between 6th April 2017 and 5th April 2018, however my mortgage statements for each year run from 1st January to 31st December.

How can I extract the information needed for the self assessment form? If the interest rate had remained unchanged during that period it would be relatively easy, however the interest rate did change and so calculating precisely how much interest was paid during the tax year is not easily extractable from the mortgage statement.

Or am I being dim? Is there a simple way to get at this information?

Thanks,
jra505

Thrugelmir

Does your lender provide access to view your mortgage account online?

Alternatively ask your lender to provide it

BoGoF

Surely it's just a case of adding up all the interest charges from your mortgage statements for the period you want.

jra505

BoGoF wrote: »

Surely it's just a case of adding up all the interest charges from your mortgage statements for the period you want.

That would be easy if the mortgage statement ran from 6th April to 5th April

amnblog

Get the two statements that cover the period you want and give them to your Accountant.

davidmcn

jra505 wrote: »

That would be easy if the mortgage statement ran from 6th April to 5th April

Assuming you made 12 mortgage payments between those dates, add up the interest component of them? Or am I missing something obvious?

jra505

davidmcn wrote: »

Assuming you made 12 mortgage payments between those dates, add up the interest component of them? Or am I missing something obvious?

But my mortgage statement will show the total interest paid in April, but what if the interest rate changed in April? I need to know the amount paid between April 6th 2017 and April 5th 2018

amnblog

Leave it to your Accountant to worry about.

davidmcn

jra505 wrote: »

But my mortgage statement will show the total interest paid in April, but what if the interest rate changed in April? I need to know the amount paid between April 6th 2017 and April 5th 2018

Are you trying to apportion it? I think it's just the amount of the payment you made within the tax year.

antrobus

jra505 wrote: »

But my mortgage statement will show the total interest paid in April, but what if the interest rate changed in April? I need to know the amount paid between April 6th 2017 and April 5th 2018

The interest you paid between April 6th 2017 and April 5th 2018 will be shown on your mortgage statements.

The interest you incurred between April 6th 2017 and April 5th 2018 may well be a different figure. As in. the interest you paid in March was for the period ended 31/03/18, and thus there are 5 extra days of interest to add on. To get that number you get out your calculator.

This what accountants call an accrual,

pink_pirlie

My statements are calendar years.
I just message the bank and they provide the detail for the tax year. Get the accurate figures and really easy and simple to do.