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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Occupational Pension

A pension scheme run by trustees which and which may be either fully or partially funded by an employer.

Ombudsman

See "Financial Ombudsman Service."

Open Market Value

See "Fair Market Value."

Other Income

Income that is in addition to basic salary.

Outgoings

See "Liabilities."

Outstanding

The amount of money remaining to be paid.

Overpayment

Situation where repayments are increased so that the mortgage is repaid before the end of the agreed term. Some mortgages (flexible mortgages) allow for overpayment, but others may impose early redemption penalties for overpayment.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

alexander hall associates limited is authorised and regulated by the Financial Services Authority for pure protection, residential mortgages and general insurance business. We do not charge a fee for residential mortgage advice; however there is an administration fee for processing each of your standard residential mortgage contracts. The typical administration fee is £399. For impaired credit lending the typical fee is 1% of the mortgage loan. For Buy to Let and Commercial Mortgages a fee of 0.5% of the mortgage loan size applies of which £400 is payable on application with the balance payable on completion.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.