Daily Mortgage Tracker — Base + 0.21%

Your mortgage

Amount borrowed (£) Completion date Interest starts accruing from this day Bank of England base rate (%) Add dated changes below if the MPC moves the rate Tracker margin above base (%) Interest charged on day of month Barclays charges each calendar month's accrued interest to the account on the 1st Show daily balances up to Defaults to today; push it forward to project ahead

How it's modelled: each day the balance is charged (base + margin) ÷ 365 in interest, which accrues in a pending pot until it is added to the balance on the charging day — interest only starts compounding once charged, matching Barclays' “calculated daily, charged monthly” approach (their letter confirms 27 days of August interest = £2,155.97). A payment reduces the balance from the day it is made, so that day's interest is calculated on the reduced amount. On a day when interest is charged and a payment arrives, the charge is applied first. When the base rate changes and the recalculate box is ticked, the monthly Direct Debit is re-spread over the collections remaining to the end of term (pay rate ÷ 12 on the amount owed), taking effect from the next collection. Barclays' own recalculated figure may differ by pennies — log it as a payment amount change when their letter arrives, and it overrides the estimate from its date. The 365 divisor is kept in leap years.

Scheduled payments (Direct Debit)

Apply the scheduled payments below

First payment date First payment (£)

Per the Barclays letter: £3,868.64 regular + £2,155.97 part interest for August.

Regular monthly (£) First regular collection

Collected on the same day every month thereafter.

Final collection (end of term) 25-year term: last Direct Debit on 1 Aug 2051. Used to spread the balance when the payment is recalculated. Recalculate the monthly payment when the base rate changes

Payment amount changes

From date New monthly (£)

None — log Barclays' recalculated payment here when a rate change or overpayment letter arrives.

One-off payments / overpayments

Date Amount (£)

None logged yet.

Base rate changes

Effective date New base (%)

None logged — the base rate above applies throughout.

You owe

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Accruing per day

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Interest accrued so far

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Total paid

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Monthly DD

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Date	Base	Daily interest	Payment	Interest charged	Balance	Pending interest	Total owed