Insulation scandal: Damp and mouldy homes excluded from help
Published On Feb 13, 2025, 7:10 PM
The article discusses issues faced by homeowners in the UK due to poorly installed insulation under government schemes. Residents, including 93-year-old Margaret Chappell, report severe damage to their homes as a result of inadequate insulation that was installed prior to 2022. The government is taking action to address systemic failures in insulation quality, but many homeowners, such as Chappell, are excluded from a new support scheme because their installations were completed before the cutoff date. Problems have escalated, with reports of damp, mold, and other damages, leading to high potential repair costs that may exceed the market value of their homes. Affected homeowners are expressing frustration, feeling neglected, and calling for accountability from government and contractors involved in the installation process.
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The ongoing issues with government insulation schemes may indicate potential opportunities for companies involved in home renovation and repairs. As residents seek to rectify the damage caused by inadequate insulation, demand for construction and home improvement services could surge, benefiting industry players. The scrutiny and potential lawsuits against the contractors involved may also create shifts in contractor management companies or building material suppliers favorably positioned to align with new standards set by the government.