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In most cases it's 3 months, less if change in the security like renovations. But 3 months would be best bet. Watch the market, get some comparable sales together, hand them over to your banker/broker and request re-val and equity release and you're on your way.

Congrats and kudos for taking the time to research. 1st one is usually the hardest emotionally after that long as you've bought well it's alot easier. Looks like you have purchased well, decent yield so not hurting the hip pocket and with CG potential makes for happy days. My money is on...