First Active mortgage/current account
Hmmm...
I think I'm expecting it to be more complicated than it is. My question possibly also relates to the specifics of the FA product.
Now I'm thinking that it's obvious that if you had a regular excess at the end of the month, it just builds up in the Facility account. You receive the benefit of reducing your interest costs, but it's still available to you. If this builds up a significant amount it's obviously up to you wether it goes into the loan account or not as with a "normal" mortgage.
For some reason I was expecting that excess building up would be automatically transferred to the loan account somehow, but now that seems stupid.
I think that answers my own question.
We apologise for the interruption and now return to normal viewing!
Unless someone wants to tell me that I'm still confused.
Anyway,
Thanks,
saver