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Rob discusses a major mistake to avoid when it comes to insulating homes and rental properties. - the issue of using spray foam insulation in the roof, which can have serious long-term consequences...
Spray foam insulation in the roof can have serious long-term consequences on the structure of the property, specifically the timbers in the roof. It can cause rotting and affect the overall integrity of the roof.
Foam insulation can potentially trap condensation in the roof space if installed incorrectly, leading to further problems for the property.
Some mortgage companies, especially high street lenders, are starting to reject properties that have foam insulation in the roof. This can create complications and additional costs for the borrower.
It is important to satisfy the lender's requirements when applying for a mortgage. The property needs to be in good working order and meet the lender's standards for suitability as security for the mortgage.
"This is a massive no-no as far as I'm concerned…over a long period of time, that can affect the timbers in the roof."
"Foam insulation in the roof…a lot of lenders, mainly high street lenders, are rejecting properties that have foam insulation in the roof."
"It can potentially cause problems for property if it traps condensation in the roof space…lenders will be looking at that and they sometimes just like taking the easy option."
"Not all lenders are going to reject it, but again, it's just going to create complications."
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ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
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