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probably - I have not read the contract only asked the bank how much they would charge
All the legislation with regard to unfaircredit bargains and unfair terms, does not apply to commercial mortgages butonly to residential.
However, unless the terms andconditions that you agreed to when you took out the mortgage allow for thisextortionate fee, then they are not allowed to charge it.
Can I help further?
Please bear with me today because I willbe online and off-line with clients and other users and travelling