Spray Foam Loft Insulation Could Render Your Home “Worthless”
Spray Foam Loft Insulation Could Render Your Home “Worthless” for mortgage purposes.
The UK government giving out billions in grants to homeowners to cut energy costs – including installing insulation and even solar panels.
But one type of insulation, spray foam, could make your home value go to “zero”, according to surveyors and property valuers for mortgages.
BBC reported that one couple had their property valued at “zero” by a lender’s surveyor due to spray foam in the loft.
DO NOT instal Spray Foam Insulation!
Watch YouTube Video – https://youtu.be/_xzFi-Y8wRo
House Prices Saw Biggest Drop In 14 Years, Halifax Report Reveals
UK house prices suffered their biggest drop in 14 years in November, falling by 2.3%, according to the largest mortgage lender The Halifax.
At the same time, London rental prices have soared 17% or £273 per month in the last year, according to Zoopla.
Other large regional cities have seen similar increases, including Manchester, up 15.6%, Birmingham (12.3%), Glasgow (14.1%), Bristol (12.9%) and Sheffield (2.4%).
The average rent for new lets soared by £117 per month since last year, reaching £1,078 per calendar month.
Rental growth now stands at 12% per year, twice the growth in earnings and accounting for over a third of average earnings for a single person.
People Out Spending Despite Recession
London has been packed with shoppers and visitors splashing their cash.
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