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You know it doesnt carry protection if you want to redeem early etc.
That means that if there is an early redemption charge, you are stuck with it.
Also their fees are not regulated and likely to be higher than a regulated agreement.
In addition if you breach the agreement, the requirements that they have to follow are different. Regulated there are certain steps, non regulated they just give you warning and apply for possession for an order for sale.
Those are the main differences.
Can I clarify anything for you about this today please?
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