Is Spray Foam insulation on your property preventing your equity-release loan from being approved? Read on to find out
DAccording to the Residential Property Surveyors Association (RPSA), 250,000 properties in the UK have spray foam insulation and these properties are essensially unmortgageable!
If you are over the age of 55 and seeking to unlock equity in your property then an equity release loan could be just what you are looking for. This type of financing is very flexible and can be paid out all at once or even in smaller payments over time. There are restrictions on this however, and things which could make it impossible to get your equity release loan approved release, such as the presence of spray foam in your roof.