Question about my mortgage status on Halifax online account
Discussion
Z064life said:
Hi,
I have a mortgage with Halifax. The mortgage outstanding figure (e.g. 200k etc) which comes up in "My Accounts", is this meant to be the amount remaining after each monthly repayment?
In my case, this figure does not go down.
Thanks
does it just get updated each year?I have a mortgage with Halifax. The mortgage outstanding figure (e.g. 200k etc) which comes up in "My Accounts", is this meant to be the amount remaining after each monthly repayment?
In my case, this figure does not go down.

Thanks
are you on a repayment mtg?
are you sure it isn't going down even very slowly?
just ring up and find out!
interest only mortgage? - i.e. it will only reflect the outstanding balance?
new-ish repayment mortgage? - the overall balance will only be reduced by a small fraction of the payment made each month
I have it showing in my online banking now too, but I try not to look at it. Not sure how often it updates, but in this day and age I would assume its a live balance
depressing either way
new-ish repayment mortgage? - the overall balance will only be reduced by a small fraction of the payment made each month
I have it showing in my online banking now too, but I try not to look at it. Not sure how often it updates, but in this day and age I would assume its a live balance
depressing either way

Z064life said:
Hi,
I have a mortgage with Halifax. The mortgage outstanding figure (e.g. 200k etc) which comes up in "My Accounts", is this meant to be the amount remaining after each monthly repayment?
In my case, this figure does not go down.
Thanks
Surely you know whether you are on an interest only or repayment mortgage?I have a mortgage with Halifax. The mortgage outstanding figure (e.g. 200k etc) which comes up in "My Accounts", is this meant to be the amount remaining after each monthly repayment?
In my case, this figure does not go down.

Thanks
As said above, ring Halifax up and find out what is happening to the balance - sooner rather than later

Sarnie said:
Z064life said:
I'm on an interest only mortgage, so any decrease is small.
I will ring up Halifax very soon...
There won't be ANY decrease in your balance, unless your overpaying.I will ring up Halifax very soon...
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