Should we trust mortage providers accounts

[hego]

I am 14 yrs into my mortage and have made a fair few changes to my payments etc and have built up some credits which for various reasons I have used some of by taking a few payments breaks.I have received my latest mortage statement and expected it to be a little lower, just a feeling rather than based on fact .Has anyone ever gotten an accountant to review their mortage history/account; is there any evidence of errors in the norm or in this day and age of computing and automation would I be wasting money on such an exercise ?
I am with PTSB if it matters, on a tracker.

I value any opinions or recomendations

thanks

 

[Brendan Burgess]

Hi hego

The first step is to understand the statement.

I have written the following

A guide to mortgage repayment calculations.

If you read that, you should be able to do it yourself.

In fact, if you read it and have any questions, I might do a Key Post specifically on

"How to check your mortgage statement"

The main errors are
1) Messing up on the TRS - especially Ulster Bank
2) Charging the wrong rate.

The arithmetic is usually correct these days.

Other things to check for would include that they have included all payments you made on the account.

Brendan