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:

1. Initial consultation – Meet with an Equity Release adviser in Windsor to explore your options.

2. Submit your application – Once you’ve considered your options and chosen a product, the application is submitted to the lender.

3. Property valuation – The lender will arrange a market valuation of your home.

4. Legal checks and administration – Solicitors will handle the legal aspects of your Equity Release plan, including compliance and contract review.

5. 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.