How Long Will It Take To Get My Money?
A lifetime mortgage plan application usually takes between 6-8 weeks from start to completion, whereas a home reversion plan can take longer due to the greater legal work involved. If time is of the essence then by selecting the right equity release solicitor can make a significant difference in timescales. Also, by having the funds released by BACS or Faster Payments directly into your bank account rather than accepting a bankers draft will result in quicker access to the equity release funds.
