How Long Will The Lender Wait To Be Repaid?
Following death or the last surviving partner moving into care, most equity release companies are prepared to wait upto 12 months for the loan to be repaid. This will give time to the executors of the estate to obtain the best price possible for the residence. There are some lifetime mortgage providers who will only wait 6 months, so again always check with your independent equity release adviser before proceeding.
