Your annual statements

To assist you in understanding specific areas of your Annual Statement please click on the accordions below for a clear definition of the information you have received.

1. Document Identification Number

This number is present to assist with packaging and quality control. It does not relate to your mortgage account. Your mortgage account number is displayed on the right hand side of your statement (item number 2 in the above diagram). if you are contacting KBC Bank Ireland, please quote the mortgage account number as we will be unable to identify your account using the document identification number.

2. Mortgage Account

The number provided in this section is your mortgage account number with KBC Bank Ireland. This is the reference number you should use at all times when contacting KBC Bank Ireland with regards to your mortgage account.

3. Opening Balance

This is the total balance that was outstanding on your account on the morning of January 2nd 2012 including any outstanding arrears or credits accrued. If you have multiple loans under the same mortgage account number (i.e. top-up loans) the balance shown here is the total of all loans under this account number.

Closing Balance

This is the total balance that was outstanding on your account as at 1st of January 2013 including any outstanding arrears or credits accrued. If you have multiple loans under the same mortgage account number (i.e. top-up loans) the balance shown here is the total of all loans under this account number.

5. Certificate of Interest/Mortgage Tax Relief Claimed

This is the total balance that was outstanding on your account as at 1st of January 2013 including any outstanding arrears or credits accrued. If you have multiple loans under the same mortgage account number (i.e. top-up loans) the balance shown here is the total of all loans under this account number.

6. Interest Charged in the year to 31/12/2014

This is the total amount of interest charged on your mortgage account in 2014. The figure includes interest accrued to the 31st of December 2014 and charged on the 1st of January 2015. It should be noted that this figure relates to interest charged but does not confirm the amount of interest actually paid on the account as outstanding payments are not taken into account.

7. Tax Relief Paid in the Same Year

This figure represents the amount of Tax Relief at Source processed by KBC Bank Ireland on behalf of the Revenue Commissioners between the 2nd of January 2012 and the 1st of January 2013. If you have any queries on Tax Relief at source these should be directed to the Revenue Commissioners TRS helpline on 1890 463 626.

8. Tax relief rollover for 2011

This represents a payment of Tax Relief at Source for 2011 that was processed in 2012 by KBC Bank Ireland on behalf of the Revenue Commissioners. If you have any queries on Tax Relief at Source these should be directed to the Revenue Commissioners TRS helpline on 1890 463 626.

9. Statement of Interest Rates

This section of your annual statement is new for 2012 Annual Statements and details the interest rates charged on your mortgage account between the 2nd of January 2012 and the 1st of January 2013. If you have multiple loans under the same mortgage reference, there is a separate statement of interest rates for each loan portion.

10. Loan Type

This section indicates what type of loan you have. For example a mortgage on a house purchased in order to gain rental income is referred to as a 'Buy to Let’ mortgage or where a mortgage is set to collect both capital and interest repayments it would be referred to as an 'Annuity’ mortgage.

11. Product Reference

A mortgage with KBC Bank Ireland can have separate portions. For example a customer may have taken out a Top-Up loan on the mortgage account or split their loan balance to avail of different interest rates. Each loan balance has a unique identifying number referred to as the product reference.

12. Original Advance Format

This is the original amount borrowed for the particular loan portion on which the interest rate history is based.

13. Product End Date

This is the current scheduled date of your last repayment for this portion of your loan.

14. Date Range and Interest Rate

This section details the interest rates charged on your account, and the period for which they relate to. It should be noted that your mortgage account is collected on the 1st of the following month, ie the payment due for July is collected on 1st August. Therefore the interest rate displayed for a particular time period, would have been used to calculate the interest charged to your account on the 1st of the month following the rate end date. For example, an interest rate displayed as applying between the 2nd of January 2012 and the 31st of July 2012, will be the rate of interest charged each month up to and including the interest charged to your account on the 1st of August 2012.