A lifetime mortgage is the most common type of equity release mortgage in the UK and to be eligible for this type of equity release deal you must be over 55 years old. You can choose an equity release plan that will enable you to take all your money at once or obtain smaller amounts of cash as of when you require a much-needed boost.

The great thing about lifetime mortgages is that you could benefit from a combination of different options to not only save your property but also tailor your plan to your current and future requirements. You can choose an equity release plan that will enable you to take all your money at once or obtain smaller amounts of cash as of when you require a much-needed boost. If you are over the age of 55 and believe you may be eligible and are interested in applying for a lifetime mortgage, then why not contact Pinnacle today, and speak to one of our specialist mortgage brokers.

What's the next steps?

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By reviewing who you are, your aims, and what you require from your new mortgage, we leave no stone unturned in finding you the perfect deal.
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Let’s find out about you

By searching far and wide from thousands of live offers we can secure the best mortgage for you.
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Leave the hard work to us

By searching far and wide from thousands of live offers we can secure the best mortgage for you.
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It’s application time

Once ready we will fully package your case and work with the chosen company to gain a successful mortgage offer. Just sit back and relax.
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Welcome to your new mortgage

With a successful offer the money is yours. Spend it wisely!
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Faqs

Read our often asked FAQs.
  • What is a lifetime mortgage?

    A lifetime mortgage is available to clients who are 55 or over, and is a way of releasing equity from your home. The funds released can be used for a wide variety of reasons, such as to pay off debts, holiday, gift funds, home improvements, and / or simply provide regular income. To find out more contact us today.

  • How much can I borrow?

    The amount you can borrow via equity release is down to your age and how much your home is worth. We can tell you quickly the maximum amount available, whilst show you the rates and deals available to you.

  • Will I retain ownership?

    Yes, 100%. Like a conventional mortgage, an equity release deal is secured against your property, which means that you will always retain the ownership of your property, and by choosing this type of deal means you can access a lump sum of cash to enjoy the moment you hit age 55.

  • Do I have to make monthly payments?

    This is very much optional. If you preferred a deal which meant their was no condition to make monthly payments then this is absolutely fine, whereas there are arrangements where you can make set monthly / annual payments, or simply service the interest.

  • What fees will I potentially incur?

    Equity release mortgages generally have low start up costs, and most deals offer a free valuation. Our brokers will detail the fees to expect, of which in most instances can be included within the deal if preferred.

  • I have poor credit, does this matter?

    Whilst some lenders will expect a good credit rating, you’ll find that most lenders are comfortable with poor credit situations, and in majority of instances they’ll be a lender available to lend. Our specialist equity release brokers will source for you the perfect arrangement.

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Why choose Pinnacle?

Honest Advice

Our promise is to deliver impartial, expert advice to our clients, allowing you to make an informed decision. Via our independent status, we're perfectly placed to deliver suitable guidance.

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We truly understand the importance of delivering an exceptional customer experience. Our client feedback is testament to our commitment and dedication to exceeding all expectations.

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Unique Proposition

Our model provides you with access across the financial and property markets. By centralising this process, we can pass on not only the financial benefits, but also save you time and stress.

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Flexible Approach

We can offer appointments 7 days a week, between 9am to 9pm. Whether it's face to face, by phone, or online, we can accommodate to your preference. Your convenience is our goal.

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