S88 is right. Read the new agreement very carefully, make sure there's nothing to come and bite you later down the road and get on with it.
Going back to the original question regarding set up fee's on the new agreement....contest this on the grounds that clearly not everyone is being asked to pay them. However, everyones relationship with the bank and personal circumstances are private so deal with it as you see fit.
Just to re-iterate my earlier remark. Anyone thinking of trying to bail out of their agreement needs their head read. HSBC will farm the debt out to an agency quicker than you can blink. Not very nice for your parents to have nasty debt collectors on their back for YOUR debt is it.
Thats not aimed at anyone in particular, but rather a sweeping statement to those reading this with a mountain of debt and a lack of balls!
Have a good week all.
2W2R
