Saga Lifetime Mortgage

Why choose Saga?

For over 20 years, we've been helping people get the most out of their money. We always go the further mile to give you the service you deserve. That’s why with a Saga Lifetime Mortgage, 

you can expect the following:

• Money Back Guarantee - You might decide you longer need the money within the first six months. If that happens, we’ll let you repay without any interest or charges. This feature is unique to Saga. To be eligible, your initial advance can’t exceed £150,000. There are other eligibility terms that you need to be aware of and these can be read on our Terms and Conditions page.
• Saga Service Promise - We aim to send your money to your solicitor within 40 working days of you being accepted. If this doesn’t happen and you're eligible, we’ll give you an extra £100. This won't apply if you’re using the loan to buy a new property. T&Cs apply.
• Payment holidays - Need to take a short break from payments? We’ll let you take a payment holiday of up to three months in a row during any 12-month period.

The Saga Lifetime Mortgage offers additional flexibility by giving you the choice to pay all or some of your monthly interest, which will reduce the overall cost of the lifetime mortgage loan. If you need to take a temporary break from your monthly payments, you can take a payment holiday of up to three months in a row during any 12-month period.

Remember, the loan is secured against your home and will reduce the value of your estate. Please refer to our Important information to find out more about the service and fees.