Newsroom

Whilst property prices and the cost of maintenance is front of mind for many homeowners, the fluctuation of mortgage rates over the last few weeks means that now is an important time to consider: is downsizing the only option?

• New Saga research found nearly one in five over 50s homeowners have downsized, a total of nearly four million people.
• Of those who have made the move, the most common reasons were to reduce the cost and time of maintenance.
• Although more over 50s are considering downsizing, it is still an unpopular move for many.
• There are a number of alternative options to release equity from homes, including lifetime mortgages, re-mortgaging or taking out a Retirement-Interest-Only option.

Saga Cruises, the UK’s leading cruise line for the over 50s, is delighted to announce that it has been recognised as a Recommended Provider of ocean cruises by consumer group Which? for the fourth consecutive year.

Saga, the UK’s leading specialist provider of services and products tailored for people over 50, has announced the expansion of its river cruise collection with the addition of a new ship, Spirit of the Moselle, joining the fleet from July 2025.

12 December 2023: With Saga’s data showing a significant increase in solo travellers booking holidays next year, the lifestyle brand for people over 50 has been delving into that, and other trends with its customers for its 2024 travel research.

• Saga customers can access a specialised digital service, curated to cater for those looking to help family members get on the property ladder, or remortgage.
• The service will offer live mortgage pricing across 110 different lenders, and on-hand support.
• Saga Mortgages follows the recent launch of Saga Legal and the Saga Savings Platform, a suite of new Saga Money products, furthering Saga’s strategic ambition to become the Superbrand for experienced people in the UK