Mortgage and equity release specialist at Missing Element Mortgage Services, Paul Neal said the biggest tip he would give homeowners is to steer clear of it but that if they are going to use it make sure it is open cell and carried out by a reputable and certified company.
Neal said: "Closed cell is a no no and lenders will run a mile, open cell, however, is subject to criteria and certification and some lenders will offer terms on this."
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