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Spaniards May Use Pensions to Cut Loan Arrears, Expansion Says

April 28 (Bloomberg) -- Spain may allow homeowners in arrears to redeem pension funds ahead of the legal minimum age to avoid their property being repossessed, Expansion said, citing a draft version of a rule being considered by the government.

The law may come into force before the end of the year, the newspaper said.

To contact the reporters on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Emma Ross-Thomas at erossthomas@bloomberg.net

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