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Halifax welcomes Government&#39s call for mortgage meeting

Halifax has welcomed the announcement by the secretary of state for trade and industry Stephen Byers to hold a meeting of mortgage providers.


The bank says it supports the call for mortgage regulation and consumer protection and has submitted its ideas to the Treasury.


In its submission the Halifax says its research shows nine out of ten customers do not have a problem with redemption penalties as long as they are fully aware of them.


However Halifax says it believes it is clarity and transparency of the fees that is the real issue.

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