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The Mortgage Route A to Z
Outgoings

This glossary or A to Z should help clear up any confusion as to what terms mean what in the mortgage and insurance industry

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Letter O

Outgoings

Existing liabilities other than an existing mortgage such as hire purchase, personal loans, school fees maintenance payments etc. In some cases this can also mean other expenses such as council tax life assurance and pension payments, it is always wise to confirm the exact meaning so a mistake is not made.

FSA declaration and important text about mortgage advice