‘They encouraged us to insulate our home. Now it’s unmortgageable’ (& unsellable) | Property | The Guardian
https://amp.theguardian.com/money/article/2024/aug/12/they-encouraged-us-to-insulate-our-home-now-its-unmortgageable

#SprayFoamInsulation
#Mortgage
#Unsellable
#Unmortgageable
#Insulation
#CavityWallInsulation
#EquityRelease
#RoofTimbers
#RoofTiles
#CowboyBuilders
#CowboyTraders
#NotJustDoneByCowboysAffected
#BlanketBan
#GovernmentSchemes
#PropertyCareAssociation
#GreatBritishInsulationScheme

It will be little surprise to you that the combination of #costoflivingcrisis, #houseprices remaining high & the need for parents to help their children through these crisis has led to a 28% rise in #equityrelease plan(s) purchased year-on-year 2021-22 (FCA data obtained by FT).

Sitting on a #mortgage free asset has led the over-60s to 'release' equity to support themselves of their children... for the #financialservices firms offering the service its just one more way to profit from our pain!