PENSION-aged savers are talking their debts with wealth from their property, according to new research. Equity releases can be used to "unlock" cash from an owned property and money from these releases are being used to pay off debts.
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Mortgage: Equity release being used to cover debts – £588million used to pay back arrears
![Mortgage: Equity release being used to cover debts – £588million used to pay back arrears]()
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