Arrears fee


 

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Arrears fee

This is charged on a monthly basis to cover additional administrative costs where your mortgage account is one or more monthly payments in arrears. Costs £15 - £45. You may well be charged arrears fees in connection with other products.



Arrears fee

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Dividend in arrears

Dividend in arrears

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Annuity in arrears

An annuity with a first payment one full period hence, rather than immediately.


Arrears

Arrears

Arrears occur when the borrower misses one or a series of monthly payments. Arrears can lead to the repossession of the property. 


Interest in Arrears

Interest in Arrears

Interest that is due only at the maturity date rather than periodically over the life of the loan.


Arrears

Arrears

These are the sum total of late or overdue payments for a mortgage, ground rent and maintenance charges, or any other regular payment. Some insurance policies will automatically be voided if you fall into arrears.


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