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Relying on a Top-up or Drawdown on your Equity Release Plan?

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A recent survey by Saga has highlighted the increasing financial burdens faced by the over-50s which are forcing them to make serious spending cutbacks. More than 60% said the quality of their lifestyle has ‘crashed’ during the past 12 months. They are not living ‘on the breadline’ says the report, but having to watch their non-essential spending by cutting back on things like holidays and using the car, as well as reducing leisure related treats. …

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