Pure Retirement have released the following update (see below for details). Full product details from Pure Retirement are available here. Contact our team to discuss any cases or criteria in detail across their full range.
Pure Retirement Provides a Guide on Spray Foam Insulation for Financial Advisers
Spray foam insulation, also known as spray polyurethane foam (SPF), is becoming a significant issue in the mortgage space, rendering properties practically unmortgageable. With over 250,000 homes in the UK featuring it, SPF is a hot topic in secured lending.
Pure Retirement’s Lending Policy & Risk Manager, Simon Pawson, looks at why homeowners view it as an attractive solution, and why mortgage lenders can’t lend against it. In addition, he explores which conversations advisers could have with their clients to avoid future problems down the line.
Read this insightful criteria article on Pure Retirement’s website here.