News

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.

• Launch is aimed at customers looking for an easier way to invest, and who wish to utilise their ISA allowance to invest – alongside their pension.
• The launch includes innovative new features - including an exclusive ‘Glide Path’ option, where customers can choose for their investments to gradually transfer to lower risk portfolios as they approach a stage where they are looking to withdraw the money.
• This launch further diversifies and strengthens the Saga Money offer, following the recent launches of Saga Mortgages, Saga Legal and the Saga Savings Platform.

• 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

• Saga Savings Platform will offer Saga customers access to competitive rates across multiple fixed-term savings accounts from a range of UK banks through one single application.
• The platform will address needs and desires specific to over-50s across the UK, including convenience, reduced administration, and above all, access to competitive saving rates¹.
• The launch is indicative of Saga’s strategic ambition to become the Superbrand for experienced people in the UK, offering a range of curated products and services designed especially for the over-50s.

• The partnership with Co-op Legal Services will provide support across a wide range of estate planning and probate solutions, from standard wills to complex Inheritance Tax planning.
• Saga customers will benefit from the advice and guidance of Co-op Legal Services’ legal experts with transparent, fixed fee pricing offered on a no-obligation basis.
• The legal services offer is indicative of Saga’s strategic ambition to become the Superbrand for older people in the UK, offering a range of curated products and services designed especially for the over-50s

Saga today announces changes to its health insurance policies, as part of its pledge to protect health insurance customers during the Covid-19 outbreak. The changes have been designed to provide reassurance, a better level of cover, and ensure fairness for customers during these uncertain times.

• Saga Travel Insurance customers covered with Collinson from February 14^th