When you decide to explore equity release, one of the first questions you’ll likely have, after “Is it right for me?”, is “How long does equity release take?”

The truth is, there’s no single answer. While every case is unique, most equity release applications take between 10 to 16 weeks from initial enquiry to funds being released. For some, it’s quicker; for others, a little longer, depending on circumstances.

Let’s walk through the process so you know what to expect.

Step 1 – Your Free Initial Consultation (Week 1-2)

The journey begins with a no-obligation chat with one of our qualified later life mortgage advisers at HFA Later Life. We’ll discuss:

• Your goals and reasons for considering equity release

• Your eligibility and property value

• Alternatives to equity release, so you have the full picture

This stage is about clarity – no jargon, no pressure. If equity release is suitable, we’ll recommend a plan tailored to your needs.

Step 2 – Application & Valuation (Week 3–5)

Once you’re happy with the recommendation, we submit your application to the lender. They’ll arrange an independent valuation of your property to confirm its market value.

This is a crucial step, as the amount you can release depends on your property’s value and your age.

Step 3 – Independent Legal Advice (Week 6–10)

Equity release requires all applicants to receive independent legal advice from a solicitor experienced in lifetime mortgages. This ensures you fully understand the terms and implications.

We’ll provide a list of solicitors who specialise in this area, or you can choose your own.

Step 4 – Lender Offer & Legal Work (Week 11-14)

Once the valuation is complete and your application approved, the lender issues a formal offer. Your solicitor will go through this with you, check the title deeds and handle any legal requirements.

If you have an existing mortgage to clear, arrangements will be made for the lender to pay this off directly from the released funds.

Step 5 – Completion & Funds Released (Week 15-16)

After the legal checks are finalised, your solicitor requests the funds from the lender. These are typically transferred to your account within a few days, ready for you to use however you wish – whether that’s home improvements, supporting family, or ticking off a bucket-list dream.

What Can Delay the Process?

While 10–16 weeks is the average, some factors can slow things down:

• Complex property titles (e.g. leasehold issues or unregistered land)

• Outstanding legal matters (such as a historic restriction on the title)

• Slow valuations during busy market periods

• Holidays or absences delaying solicitor meetings

Choosing a solicitor experienced in equity release can help keep things moving smoothly.

Client Story – Bill & Sandra’s Cruise Countdown

Bill and Sandra had always dreamed of taking a three-week cruise around South America, but their pension income wasn’t enough to make it happen.

We helped them find a flexible lifetime mortgage that would clear their small remaining mortgage and leave a lump sum for their travels. They were keen to book before the next cruise season began, so time mattered.

From our first meeting to funds arriving in their account took just 9½ weeks, helped by quick responses, an efficient solicitor and a straightforward property title.

“We thought it might take months,” Sandra says, “but HFA kept everything on track. The cruise is booked, and I’ve already started packing!”

The Bottom Line

Equity release isn’t an overnight process and nor should it be. It’s a significant financial decision that requires careful advice and proper legal safeguards. With the right team, the journey from enquiry to completion can be smooth, transparent and often quicker than expected.

At HFA Later Life, we make sure you’re never left wondering what’s happening. We’ll keep you updated at every stage, explain any delays, and work closely with your solicitor to keep things moving.

Let’s Talk About What’s Right for You

If you’re curious about equity release and how long it might take in your situation, get in touch today. We’ll guide you through your options, the process, and the timescales — so you can make an informed, confident choice.

Visit www.HFALaterLife.uk to arrange your free consultation with a qualified later life mortgage adviser.

Important Notice:

Equity release includes Lifetime Mortgages and Home Reversion Schemes. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion schemes.

This is a Lifetime Mortgage. These are only applicable to those 55 and over, and it could affect eligibility to state means-tested benefits and the inheritance you may leave. To understand the features and risks, ask for a personalised illustration.

There may be a fee for advice. The precise amount of the fee will depend upon your circumstances but will range from £195 to £1500.