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Quick fix for leaky hot water cylinder?

Hi guys!

We have a slow leak/drip from the pipe/join going from the base of the cylinder. We had a plumber out who said basically we need a new cylinder as it is corroded a little around the join but we can't afford it at the mo.

Just wondering if there is a temp fix for it until we have the money? I recall fixing a leaky sink in our old house with some sort of putty that goes hard, would this be a possibility and would it be safe to use on a hot surface?

Thanks :)

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