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Post Info TOPIC: Is this a mortgage account statement or just a loan account? please help if you can. Thanks
rachel_mclean


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Is this a mortgage account statement or just a loan account? please help if you can. Thanks
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One of my clients lets out a property to a shop. I have the amount of rent they receive each month but last year I included the mortgage interest as an expense. 

This year I have been given a bank statement from HSBC and the account is called 'Commercial Invest Prop Loan details' it has loan repayments coming in and a monthly debit interest, to me this just looks like a loan account but the client seems to think it's her mortgage account. I don't remember being given this statement last year.

 

Can anyone give me an idea if this sounds right?

 

Thanks

Rachel



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Rachel
RobH


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Yes that will be the mortgage and is usual on a commercial mortgage to show it like this.

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Rob
www.accounts-solutions.com
rachel_mclean


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Thank you Rob, that's great

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Rachel
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