| Comment | This all looks pretty obvious to me
£125.83 is your share of the building insurance for the period up to 14/05/2020.
£126.62 is your factor's fees for the quarter - called a 'handover' adjustment because the previous owner already paid up until 11/11/2019, so they're basically refunding him this amount.
£100 is the one-off float you will never pay again and should be refunded to you when you leave.
So it sounds like you're being charged:
annually for insurance, with the annual payment being about £160, with the next payment due in May 2020
quarterly for factors fees, with the quarterly payment being about £130, with the next invoice due in November 2019
So on average you're paying about £45/month for factoring and insurance, which is fairly typical for Glasgow but towards the higher end of the range. |
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