I received my yearly mortgage statement in the post yesterday.
Each month it has a small sum of money credited off my loan, with the words (Write Off) beside it.
Could somebody please tell me what this means and why they are writing off such small sums of money?
Each month it has a small sum of money credited off my loan, with the words (Write Off) beside it.
Could somebody please tell me what this means and why they are writing off such small sums of money?