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House prices have risen sharply over the past two years, and as the cost of living crisis bites older homeowners are looking at how to make the most of their property's equity.
Mortgage brokers call the reduced rate a ‘turning point’ for new borrowers
Borrowers face sky-high increases in loan costs as equity release lenders drive up rates
Some providers' clauses could mean borrowers are hit by higher penalties
Debt is being used to cover higher costs – but the interest is crippling