Research has revealed that nearly a quarter of major UK mortgage providers have opted not to lend against homes with spray foam insulation due to growing concerns.
The concerns about spray foam insulation are significant; improperly fitted insulation can lead to serious structural issues, including stress on timber foundations and risks of decay.
While spray foam insulation has been favored since the 1970s for its heat retention properties, it may jeopardize home values and mortgage accessibility due to its associated risks.
With an estimated 250,000 homes in the UK containing spray foam insulation, homeowners face potential declines in resale values amid increasing mortgage restrictions.
#spray-foam-insulation #uk-housing-market #mortgage-lending #home-resale-values #home-renovation-risks
Collection
[
|
...
]