Andrew Bennett built an energy efficient home, but cannot borrow money against its value.
"I just don't understand their reasoning. I was just totally stunned."
"Well we'd like about a third of what the house cost to put half of that into premium bonds, so we've got a cash available. And to spend on a few frivolous things [for his bucket list]." "[The] house has been built according to building regulations, planning permission, it's been surveyed, it's all been approved but they just will not consider equity release on a house made of ICF.Image source,Equity release is big business in the UK. In the three months to September alone a billion pounds was lent to more than 10,000 people.
"So the risk is very different to conventional mortgage lending because construction type is classed as non-standard type.
Belgique Dernières Nouvelles, Belgique Actualités
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