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Scottish Widows teams up with Saga to target elderly

  • 28/07/2003
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Older persons service provider Saga has entered the equity release market in association with Scotti...

Older persons service provider Saga has entered the equity release market in association with Scottish Widows Bank. The Saga Home Equity Loan allows cash to be drawn down as it is needed, rather than as a lump sum. The loan is fixed at 7.04%, with an arrangement fee of £295 and refunded valuation fees. Andrew Goodsell, managing director of Saga, said: ‘Our pricing structure and flexible drawdown facility will encourage customers to only take what they need when they need it.’


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