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Equity Release... how long does it take to get funds?
How long does it take to get funds from an Equity Release plan?
For homeowners in Windsor who are considering Equity Release, a common question is, how long does it take to receive the funds? It’s important to understand the timing to help you plan financial decisions effectively.
Industry expert Richard Jeremiah-Clarke BA (Hons), CeMap, CeRER, DipFa advised that it typically takes around six to eight weeks, and he provides insight into the current process.
A number of steps must be completed before funds are released:
Initial consultation – Meet with an Equity Release adviser in Windsor to explore your options.
Submit your application – Once you’ve considered your options and chosen a product, the application is submitted to the lender.
Property valuation – The lender will arrange a market valuation of your home.
Legal checks and administration – Solicitors will handle the legal aspects of your Equity Release plan, including compliance and contract review.
Final offer and completion – The lender will issue their final offer, and funds will be released to you.
Timing changes and delays
According to Richard Jeremiah-Clarke, the process used to be quicker – maybe taking four to five weeks – but, as we know, markets are always changing.
Delays can occur due to:
Increased market demand – More homeowners are taking out Equity Release plans, which means longer processing times.
Legal and regulatory compliance - It takes time to process these checks to protect borrowers.
Third parties – The process engages valuers, solicitors and lenders, and these must all align for an effective completion.
Can you speed up the process?
If you’re looking to complete your equity release plan faster, consider these tips:
Prepare documents early – Have your ID, property details, and financial records ready.
Use experienced advisers – A Windsor-based Equity Release adviser can navigate the process efficiently.
Communicate promptly – Respond quickly to solicitor and lender requests to avoid unnecessary delays.
Choose a lender with fast processing times – Some lenders have streamlined systems for quicker approvals.
Final thoughts
While six to eight weeks is the current standard for receiving Equity Release funds, some cases may take more or less time depending on market conditions and personal circumstances. By working with a trusted Equity Release adviser in Windsor, you can ensure a smooth and efficient process.
If you’re considering Equity Release and want to understand the timeline for your situation, speaking with a local specialist is the best next step.
By planning ahead and staying informed, Windsor homeowners can manage their financial future with confidence.
Committed to helping local residents fulfill their retirement goals.
If you’re a homeowner in Ascot, Windsor, or beyond and are considering equity release, Autumn Financial is here to guide you.
With Toby Wheeler’s expertise and our unwavering commitment to client satisfaction, you can trust us to provide the support and advice you need to make informed, confident decisions about your financial future.
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CM Finance Limited is an appointed representative of Connect IFA Ltd who are authorised and regulated by the Financial Conduct Authority (FCA) registration number 441505. The FCA does not regulate some Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
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Address: 42 St. Lukes Road
Windsor, SL4 2QQ
Phone number: 01753 358007
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There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed but we estimate it to be £999.
COMPLAINTS:
It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service
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CONSIDER:
Equity release plans are not right for everyone and it is important that you fully consider your options and receive impartial financial advice before making a decision. It is also important that, if you do decide to use an equity release product, you need to be sure it is one that meets your needs. If you would like to end your lifetime mortgage early, then you may have to pay a substantial early repayment charge. A professional adviser can help you to choose the plan that is right for you. To understand the features and risks, ask for a personalised illustration.
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We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement. CM Finance Limited is registered in England and Wales under reference number 13751517
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