Adding a Mortgage to a Property (Landlord Version)

Adding a Mortgage to a Property (Landlord Version)

Double click on the ‘Property’ record you wish to add the Mortgage details to, for it to open the window then click on the ‘Finance’ tab (bottom bar)

 

Click on ‘Mortgage’ tab (top tool bar) and it will present you with this screen. Click on ‘Add’.


You are now in the ‘Mortgage’ window


Enter the details of the Mortgage, leaving out the nominal because it will automatically create one once saved.

When adding ‘Provider’ click on the little box next to the provider

If the Mortgage Company is in the list, click on it once to highlight in blue and click ‘OK,

If it doesn’t appear in the list click ‘Add’ and the contact record will appear for you to create new contact, once the contact is created, it will then appear in the list for you to select - then click on the ‘Payment’ tab (bottom bar)





 

Make sure ‘Record Mortgage Payment’ is ticked and fill in the information, once completed click ‘Save’

Now click on the drop down arrow against ‘Mortgage’ and select, it will then prefix the information then click ‘Save & Exit’

 

Now this is set up, it will create a transaction on the date you selected each month. Click on the Decorus Logo, in the top left corner. Then select ‘Raise Due Transactions’.


 This brings up the ‘Recurring Charges’ window. You will then see ‘Mortgage Payments’ which are due. From here click on ‘Post Transactions’


Now you have set this up, you will want to record the Interest

Go to the Property record and click ‘Finance’, then ‘Mortgages’. In here click on ‘Interest’ to bring a new window up

 

Enter date, ‘Debit’ nominal (from ‘7000’ range) and the interest amount, then ‘Post’ – it will ask ‘Are you sure you want to transfer funds’ – Click ‘Yes’

The transaction will appear in the ‘Mortgage’ window


 

 


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