Lenders Turn Away Homes with Spray Foam Insulation
Originally Published 1 year ago — by BBC.com
Homeowners in the UK with spray foam insulation are facing difficulties selling or remortgaging their properties as some major lenders refuse to finance homes with this insulation type. Concerns over improper installation leading to moisture retention and timber decay have led a quarter of the UK's largest mortgage providers to reject such properties. The issue has affected many homes insulated under the government's Green Homes Grant scheme, leaving homeowners like Wendy Rowe and Gary Wright with costly removal and refinancing challenges. The Insulation Manufacturers Association warns against unregulated removal services and emphasizes the importance of proper installation.