Why choose Saga Equity Release?
Expert advice, with the option to change your mind in the first 6 months. T&Cs apply.
If you're aged 55 or over with a UK home worth £70,000 or more you could be eligible.
The cash you release will be 100% tax-free.
If you're recommended a lifetime mortgage through Saga Equity Release, when the property is sold after you die or have moved into permanent long-term care, you or your beneficiaries will not have to repay more than the sale proceeds. Even if they are less than the amount owed. It is important to note lifetime mortgages are a type of loan secured against your home and will reduce the value of your estate.
The product available through Saga Equity Release is the Saga Lifetime Mortgage, provided by Just. It's not a one-size-fits-all product. It offers a range of flexible options, exclusive features and can be tailored to meet your individual needs and circumstances.
How much equity can I release?
Find out how much tax-free cash you could release from your home with our free online calculator. It's quick, easy to use and provides a quote based on a lifetime mortgage.
How does it work?
Exclusive features of the Saga Lifetime Mortgage
Money Back Guarantee
If your circumstances change within 6 months of you taking out the Saga Lifetime Mortgage and you no longer need the money, you can repay the money without any early repayment charges or interest being applied. To be eligible for this guarantee your initial advance must not exceed £150,000. T&Cs apply.
Saga Service Promise
The aim is to release your money to your solicitor within 40 working days of your application being received and accepted by Just. If this doesn't happen and you've met all the eligibility criteria, you'll receive a payment of £100. This promise will not apply if you're using the Saga Lifetime Mortgage to purchase a new property, rather than re-mortgaging an existing one. T&Cs apply.
Get expert advice when it suits you
Saga Equity Release is a no-obligation, no-pressure service, where you’ll have access to a UK-based qualified adviser and support team, who will advise you on your options and outline the options that best suit your circumstances. If you do decide to take out a Saga Lifetime Mortgage you'll need to pay an advice fee of £799.
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