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What can I use equity release for?

For more information call the Saga Equity Release team today to help you find out whether equity release could help you. Saga Equity Release is provided by HUB Financial Solutions Limited.

0800 096 7120

Monday to Thursday, 9am to 8pm,

Friday, 9am to 5.30pm,

excluding Bank Holidays

What can I use equity release for?

The money available from equity release can be used for home improvements and repairs, travel and hobbies, debt consolidation and family, simple day-to-day living expenses, and so much more. It’s your money to spend as you need, or wish!

Bear in mind though, that any outstanding mortgage or other debt you have secured against your home will need to be paid off first.

Here’s a breakdown of what Saga customers have used equity release for based on a survey of Saga customer's stated intended purpose of equity release from 1st October to 18th November 2021, conducted by HUB Financial Solutions Limited. Some customers use the money for more than one purpose.

It's important to note that equity release will reduce the value of your estate and may affect your entitlement to state benefits. You can find out more about Saga Equity Release and the fees involved on the Important Information page.