Managing Property Mortgages

Managing Property Mortgages

Track your mortgage details alongside each property to keep all your financial information in one place.

Adding Mortgage Details

1. Open the property detail page.
2. Go to the Mortgage section (or click Edit).
3. Enter:
   • Lender — Name of the mortgage provider.
   • Mortgage Type — Repayment, Interest Only, or Offset.
   • Interest Rate — The current rate (e.g. 4.5%).
   • Monthly Payment — Your regular mortgage payment amount.
   • Outstanding Balance — Current amount owed.
   • Term End Date — When the mortgage deal expires.
4. Click Save.

Using Mortgage Data

• Expenses — Mortgage interest payments can be recorded as expenses for tax purposes.
• Reports — The P&L report includes mortgage costs when calculating profit.
• Dashboard — Equity is calculated as current value minus outstanding mortgage balance.

Rate Changes

When your mortgage rate changes (e.g. at the end of a fixed term), update the Interest Rate and Monthly Payment fields to keep your records accurate.

Tip: Set a calendar reminder for 3 months before your mortgage deal expires so you have time to remortgage.