You have probably landed on this post because you would like more information about Saga's equity release options, and in 2025, Saga's equity release is considered a good choice for its comprehensive plans and commitment to tailored advice.

More and more homeowners have started to make the most of their previously inaccessible property wealth with equity release products.

While it is great to be able to offer an equity release comparison, the fact that there are many options can make the whole process daunting.

The good news is that it does not have to be.

At EveryInvestor, our research team has spent countless hours reviewing equity release information and putting it together in an easy-to-use format.

Saga’s equity release option is a market leader, and we will help you discover more about it.

Therefore:

NOTE: EveryInvestor is an impartial and unconnected third-party information provider via this website, and the details replicated in this commentary represent the opinions of EveryInvestor only and may not reflect the views or opinions of Saga. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Saga.

What Is Saga Equity Release?

Saga Equity Release is a lifetime mortgage product offered to homeowners aged 55 and above. It allows you to access tax-free cash tied up in your home while continuing to live there.

Saga offers this service in partnership with HUB Financial Solutions Ltd., part of Just Group Plc. HUB will carry out the advice process, and if you proceed, Saga may receive a referral fee.

The product is authorised and regulated by the Financial Conduct Authority (FCA) and follows Equity Release Council guidelines, offering peace of mind regarding customer protection.

How Saga’s Lifetime Mortgages Work

A lifetime mortgage is a type of equity release that lets you unlock a portion of your home’s value through a loan secured against your property.

With Saga’s offering, you:

• Retain full ownership of your home.
• Receive a tax-free lump sum or opt for drawdowns over time.
• Defer repayments until the last homeowner passes away or moves into long-term care.
• Can make voluntary interest payments to reduce the final amount owed.

Saga’s plans also include a unique six-month money-back guarantee and protections like a no-negative-equity guarantee.

For quick estimates, try the Equity Release Calculator.

Key Features of Saga Equity Release Plans

Here’s a breakdown of the primary benefits you can expect:

Competitive Fixed Interest Rates

Your rate is locked in for life. This helps plan ahead and ensures your debt won’t grow faster due to variable terms.

No-Negative-Equity Guarantee

With Saga's plans, you or your heirs will never owe more than the value of the property when it’s sold — no debt can pass to your estate.

Money-Back and Payment Bonus Offers

Customers can cancel within six months and receive their setup costs back. Saga also offers £100 cashback if funds aren’t released within 40 working days.

Peace of Mind for Your Family

Saga is a member of the Equity Release Council, which means you benefit from added customer protections.

To review government-approved providers, explore our Best Equity Release Companies list.

Saga Equity Release Interest Rates & Fees

Interest Rates in 2025

Rates in mid-2025 typically range from 5.97% to 6.28% AER, depending on your age, property value, and loan terms. Enhanced borrowing may be available for those with qualifying health conditions.

See the latest equity release interest rates for comparisons.

Typical Fees

Although advice from Saga is free, you may face additional costs:

• Valuation: Varies by provider
• Legal: £600–£850
• Application/Arrangement: Often included in plan
• Overall Cost Estimate: £1,500 – £3,000*

*Costs depend on the provider and adviser network.

For a full breakdown, consult the Equity Release Costs Checklist.

Pros and Cons of Choosing Saga

Advantages

• Reputable brand with a focus on the over-50s demographic.
• Flexible repayment terms.
• No-obligation financial advice offered by FCA-regulated professionals.
• A no-negative-equity guarantee ensures debt won’t exceed property value.
• Cashback and cancellation flexibility.

Disadvantages

• Compound interest can significantly reduce inheritance.
• Accessing property equity may affect eligibility for means-tested benefits.
• You may not get the best rate available unless you compare providers.
• Limited product availability — some customers might benefit from broader market options.

For inheritance protection options, visit our guide on How Equity Release Affects Inheritance.

What Customers Say in 2025 Reviews

Saga has earned an impressive Trustpilot rating of 4.4 out of 5 (based on over 37,000 reviews in 2025).

Common positive themes include:

• Clear explanations
• Accessibility for older users
• Timely application processes
• Friendly and helpful customer service

Criticisms typically relate to:

• Delays in documentation processing
• Generic call centre responses before adviser conversations

Have a look:

• Customer reviews for Saga on UK Trustpilot

Note that reviews are related to a variety of Saga products.

How to Contact Saga

You can start your enquiry online or via telephone:

• Phone: 0800 096 7120
• Address: Enbrook Park, Sandgate, Folkestone, Kent, CT20 3SE
• Website: www.saga.co.uk

Saga’s services are offered under “Saga Personal Finance Ltd” and are authorised by the FCA (registration number: 178922).

Check their FCA credentials via the FCA Register.

Frequently Asked Questions About Saga Equity Release in 2025

Final Verdict: Is Saga Equity Release a Good Option in 2025?

Saga Equity Release is a well-established option for UK homeowners aged 55+. It offers competitive interest rates, optional repayments, and the security of being FCA-regulated.

Partnering with Just Group enhances the product's credibility, and added features like cancellation flexibility and cashback and no-obligation advice further enhance its appeal.

However, always compare options and consult a professional before committing.

Disclaimer:
All information was accurate at the time of publishing in July 2025. Interest rates, product features, and provider details may change. Always consult your adviser or visit the provider website to confirm current terms.