The Equity Release market is taking into consideration the small number of more complexed cases, such as those involving lease extensions or divorce, where more time is needed to allow for the completion of the application through to completion itself.
Through this Equity Release Expansion, providers such as Aviva are therefore extending their re-offer period to 14 weeks currently the longest on the market, so they can both accommodate advisers and their customers.
This means that the valuation report expiry date will also be realigned so that it matches the original offer and re-offer period, effectively valid for 28 weeks.
These sorts of improvements come about where providers are taking into account adviser and customer feedback, showing the flexibility of the equity release market to service their customers well.
For more information and to arrange a consultation with an equity release advisor, contact Blue House Equity Release Kent today