Your August ’24 update from AMI Chief Executive Robert Sinclair

AMI Chief Executive Robert Sinclair gives his August update, including rate changes, increased FCA activity in the insurance sector and Mortgage Vision events…

Your August industry round-up

A round-up of the goings-on in the mortgage and protection industry this August, including FOS annual complaing data insights and FCA plans…

Insurer underwriting and service standards – have your say in this year’s Protection Viewpoint

With only two days left until this year’s Protection Viewpoint survey closes, please take five minutes to have your say on insurer underwriting and service…

AMI Protection Viewpoint 2024 – we need your views

AMI Protection Viewpoint is back for a fourth consecutive year. Please help us by taking five minutes to complete our survey…

Protection Viewpoint 2024 – save the date

Find out when this year’s Protection Viewpoint virtual event will be held and remember to save the date…

Your July ’24 update from AMI Chief Executive Robert Sinclair

AMI Chief Executive Robert Sinclair gives his July update, highlighting the Consumer Duty deadline and ongoing work in the Equity Release market…

Edit Content

Log in here for full access to all our great content

 

Please log in below with your username (which is your email address), using all lower-case letters.

 

Forgotten your password?
No problem, simply tell us you have forgotten your password to receive instructions instantly via email.

Having problems logging in?
If you are a current member but are unable to login, please first make sure you are using all lower-case letters for your username/email address. If you still have difficulties, please contact us via email at info@a-m-i.org.uk so we can rectify your problem.

Not a member?
Learn more about the benefits of becoming a member or apply online and we will be in touch.

Spray Foam

Technician,Spraying,Foam,Insulation,Using,Plural,Component,Spray,Gun

AMI Chief Executive Robert Sinclair recently appeared on the Radio 4 show Money Box, to talk about spray foam and the implications on mortgages (00:23-13:53).

We are aware, at present, the majority of lenders will decline a property where spray form is installed (we understand there are currently no lifetime mortgages lenders that will lend on a property with spray foam installed). Often this is because there is no way for surveyors to know if spray foam has been installed correctly, without removing it (which is likely to incur further expense and could cause damage).

During the show, Robert urged caution to consumers in using this solution because of the risks of a property becoming unmortgageable. We feel it’s also important for brokers to help educate customers on the issues and risks.

We understand relevant bodies are in talks to develop protocols to try and move the situation forward.

X

Forgot Password?

Join Us