Press release

A way to rent your dream home without the worry

Friday 22 August 2008

A recent survey by Saga reveals over one-in-ten (11%) over 50 year-olds owns a holiday home. Over 42% of those would be happy to rent their holiday home out when they don't use it, with nearly half (48%) already letting theirs to family, and over a third (34%) to friends.

However, it's a different story when renting out on a commercial basis to strangers. Only one in ten (11%) said they would feel comfortable letting 'unknowns' stay, citing fears over damage and the level of hassle as the main reasons not to. Those with holiday homes tend to be more comfortable renting the home to older people than younger people – 31% were 'very comfortable' to loan to someone in their 60s, only 4% said the same for someone in their 20s.

In light of the results, Saga today announces the launch of their new online Saga Property Rental . For just 50 a year those over the age of 50 and Saga customers can have peace of mind renting out their holiday homes to Saga's 2.3 million customers .

Saga Property Rental offers Saga customers peace of mind of being able to rent their homes to other Saga customers, who have previously purchased a service from the specialist over 50s travel and insurance group. Saga Holidays are also able to take other worries of going away by offering to package up flights or alternatively, customers are free to make their own arrangements.

Chris Simmonds , Managing Director of Saga New Ventures commented: "We know many of our customers have holiday homes abroad but often feel nervous about renting them outside of friends and family. The introduction of the Saga Property Rental Service allows them to feel confident and relaxed that the customers using their homes are like minded individuals."

For further details please call 0800 056 5880 or visit www.saga.co.uk/travelshop

-ENDS-

For further press information please contact the Saga Press Office on: 01303 771118.

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