Saga, renowned for its focus on the over-50s market, has joined forces with digital mortgage broker Tembo to launch Saga Mortgages.
This new service is specially designed for over-50s homeowners seeking to buy or remortgage a home, find alternatives to equity release, or assist family members onto the property ladder.
Saga Mortgages aims to streamline the mortgage process, featuring tools like mortgage comparison tables and calculators on the Saga Money website.
Customers can complete a digital mortgage fact find, access live pricing and affordability information from over 110 lenders, and enjoy the convenience of a personal account for managing their mortgage journey.
The service ensures personalised support with expert mortgage advisors available seven days a week and a dedicated Case Manager for each customer.
This initiative is part of Saga’s strategy to establish itself as a Superbrand for older people in the UK, complementing other financial products such as the Saga Equity Release, Saga Legal, and the Saga Savings Platform.
Alex Edmans, head of financial services at Saga Money, said: “We are very excited to be partnering with Tembo to launch the innovative Saga Mortgages service. Our research shows that many of our customers are looking for a service that specializes in supporting over-50s through the mortgage lifecycle.”
Richard Dana, founder and CEO at Tembo, expressed enthusiasm about the partnership, saying: “Together, we have the opportunity to transform the digital mortgage offering for over 50’s. Through the Saga Mortgages platform, users can do everything from remortgaging their own home to understanding how they could help their loved ones get on the property ladder with the Bank of Family.”
