Yes, it is possible to terminate your contract before the end of the minimum 12 month period.
Homechoice will convert your account to a minimum single-channel VoD subscription, which costs £6 per month. You will then be charged £6 for each remaining month of your contract (or part thereof, I expect).
So for example if you wanted to terminate your contract after only 1 month's service the most it is likely to cost you is 11 x £6 = £66.
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