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

Accumulated dividends on cumulative preferred stock that are deemed payable to the current holder.


Mortgage arrears

Mortgage arrears

The amount of back pay you owe your mortgage lender for failing to meet your mortgage requirements.


Arrears breakdown

Arrears breakdown

A month-by-month breakdown of any arrear balance and charges for your mortgage. A fee for this service is often added to your account once you have been sent the breakdown. Costs £10 - £30


Arrears

Arrears

(1) Payment made after it is due is in arrears. (2) Interest is said to be paid in arrears since it is paid to the date of payment rather than in advance, as is rent. Example: A rental payment made July 1 pays the rent to August 1. An interest payment made July 1 Pays the interest to July 1.


Annuity in arrears

Annuity in arrears

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


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