1.98% MER Rate Monmouthshire Building Society Equity Release

Release tax-free cash from your home with Monmouthshire Building Society Equity Release
You don’t need to make regular monthly payments
Use the cash to pay off loans and credit cards
Stay living in your own home with Monmouthshire Equity Release

Your Requirements
How Much Would You Like Borrow/Release?*
Please enter a number from 4000 to 200000000.
Value of your property*
Please enter a number from 50000 to 10000000.
Type of Finance*
- Equity Release
- Lifetime Mortgage
- Retirement Interest Only Mortgage
- Retirement Mortgage
- Conventional Payment Mortgage

About You
Name*
First Last
First Line Of Your Address:*
Your Postcode:*
Please Agree To Our T&C and Privacy*
- I Agree

Date of Birth*
Your Email Address:*
Phone Number*

Testimonials and Example Cases

Sandra from Manchester

I got equity release to give money to my daughter to buy a house. Without the money I borrowed, her buying a home would have been impossible.

William from London –

Monmouthshire Building Society Equity Release

I was told by my lawyer my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give money to my son and daughter so they could buy bigger homes and we bought a house in the south of France for us all to use as a holiday home.

Ms G from Dover

I divorced my husband who was a violent alcoholic. I really feared losing my home as I sometimes look after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my home.

Mrs V from Hastings

I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release and now I am more comfortable with no monthly repayments and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in my home.

Mr Smith from Kendal

My financial advisor told me that I should get equity release and gift money to my 5 children now as it would save a massive amount of inheritance tax.

Mrs L from Nottingham

I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees for my lifetime mortgage. As I was divorcing my husband of 30 years the money went to him for his share of the house. I am happy now as I am secure, and I do not need to move from my home.

Mrs E from London

I was advised to get equity release from my East London home to minimise inheritance tax. My son and daughter used the money to pay down their mortgages. The interest rate on the equity release was so low it was close to their mortgage rate.

Mr G from Kent

I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

Julia A

My mother has dementia. With my solicitor and my power of attorney, I got equity release on my mother’s house to pay for specialist modifications for her comfort.

Pitfalls of Interest Only Lifetime Mortgages

Monthly payment equity release can reduce the inheritance for your family. Interest-only lifetime mortgages may impact the ability to claim entitlements. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.

The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier.

Towns of the UK where Lifetime Mortgages are popular

Waltham Cross
Hungerford
Tottenham
Bradford-on-Avon
Lytchett Minster & Upton
Fazeley
Bedford
Eastleigh
Stretford
Shepton Mallet
Market Deeping
Burgess Hill
Stanhope

Equity release is common among business owners like below

Freight transport by road Ulverston
Manufacture of plastics in primary forms Malton
Activities of collection agencies Gravesend
Manufacture of condiments and seasonings Macclesfield
Film processing Faringdon
Site preparation Newton Aycliffe
Other specialised construction activities n e c Maidstone
The casting of light metals Market Rasen
Media representation services Lynton & Lynmouth
General public administration activities Tenbury Wells
Manufacture of woven or tufted carpets and rugs Ringwood
Manufacture of industrial gases Bridlington
Other food services Loughborough
Other amusement and recreation activities n e c Warrington
Mixed farming Irthlingborough
Growing of citrus fruits Hartland
Manufacture of paper and paperboard Somerton
Security systems service activities East Ham

How much is it common to release from a home

55% interest-only lifetime mortgages VitalityLife Equity Release
60% loan to value lump sum lifetime mortgages Lifetime Mortgage from L&G
60% loan to value lifetime mortgage with flexible drawdown cash release Aviva
35% loan to value (LTV) monthly payment equity release 1st Stop Home Loans

Equity Release Scheme Providers

More2Life
Pure Retirement
More2Life
Liverpool Victoria
Zurich

Monmouthshire Building Society Equity Release alternatives

Bridgewater Equity Release Plans
Just Retirement Equity Release Schemes
More2Life Flexi Choice Drawdown Lite Plan
Lloyds Bank Equity Release Schemes
NatWest Equity Release
Age Partnership Equity Release Plans
Bridgewater Equity Release
HSBC Equity Release
Bridgewater Equity Release Plans
Just Retirement Equity Release Plans
Monmouthshire Equity Release
More to Life Capital Choice Plan
Nationwide Equity Release Plans
HSBC Interest Only Lifetime Mortgage
Age Partnership Equity Release Schemes

Aviva Drawdown Lifetime Mortgages

Hodge Lifetime Lifetime Mortgages

More2Life Drawdown Lifetime Mortgages

One Family Lifetime Mortgages

Crown Equity Release