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13 March 2010

I have a Halifax 3 year fixed mortgage. I have an opportunity to move abroad through work for 1-2 years. The letting agent has advised i need a letter

of consent from the mortgage provider so I met with the branch mortgage advisor today. Problem is they want to move the deal to a new product, charge £999 to do this and change the rate from 4.69% to 5.49%. I have 50% equity on the property and will still be paid in UK so the risk is minimal for them. I understand they would need a admin fee maybe to provide what i need but surely they are being unralistic. Is there any options to contest the requirement to change to a new product - particularly when it is a short term move?

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