UK Mortgage and Interest

mark.fitchett's Avatar

mark.fitchett

27 Apr, 2020 05:02 PM

Im running MoneyDance 2017.6 and use it to track my current, savings accounts and mortage. I setup the mortgage as a loan account.

All was running OK until I got this years mortgage statement which told me the interest charged on my mortgage.

I set my mortgage up but clearly didn't read the instructions on how to do this and gave up with the escrow, interest and payment reminders bit

I tried to enter the charged interest but theres no way to do it - probably as I didn't read the manual ...

Any ideas on the best way to unpick this mess ?

Do I delete the account and setup the loan again ?

Is there anything I can do to fix the load I have setup now ?

If I follow the instructions does Moneydance work out and add in the annual interest charged ?

Many thanks and apologies for the newbie questions !

  1. System closed this discussion on 27 Jul, 2020 05:10 PM.

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