Fixed Rate Mortgage Reminders
Overview
PaTMa includes several tools to manage mortgages on your properties as most landlords will have mortgages on at least some of their portfolio.
When a fixed rate mortgage deal ends, your provider will apply a Standard Variable Rate (SVR) and your interest rate will change. This usually makes the mortgage more expensive, but you may have the option to remortgage, find a new deal, or repay any outstanding amount.
Upcoming fixed rate expiry will always be shown in PaTMa, and you can choose to receive an email notification, ensuring you have time to rebudget or weigh your options.
Adding a Fixed Rate Expiry
If you added an expiry date when setting up a mortgage in PaTMa, a notification will be shown in your Property Portfolio on the relevant property.
Email Notifications of Fixed Rate Expiry
By default PaTMa will email you one month before the expiry of any fixed rate mortgage within your portfolio.
If you do not want to receive email reminders, you can disable them in your Email Settings.
Uncheck the Fixed mortgage expiry warnings box and click Update to stop receiving mortgage reminder emails.
