lenders are hesitant to accept properties with spray foam insulation
The majority of lenders are hesitant to accept properties with spray foam insulation in the loft due to potential damage to the timbers, which often remains concealed. The recommended solution is to engage specialists in spray foam removal, who will carefully remove the insulation, replace it with a standard product, and repair any damage. This comprehensive approach is necessary for lender approval. We pride ourselves on offering a rapid and efficient service, responding within 24-48 hours to address your needs promptly.
Identifying the type of spray foam insulation is crucial for proper removal. Use our guide to assess your insulation, or contact our team for help via video call or a free site inspection.
Open-Cell Foam
- Light and airy composition
- Typically around 100mm thick
- Can be torn and ripped by hand
Closed-Cell Foam
- Rigid and durable insulation
- Applied in thinner layers (as shallow as 25mm)
- Will require special tools for removal
Navigating Mortgage Challenges with Spray Foam Insulation
Spray foam insulation can restrict air circulation to the roof and timbers, leading to condensation and eventual rotting of wooden supports. Closed-cell foam sets hard, adding stress and potentially distorting the roof timbers. These issues are major concerns for lenders over long-term mortgages. Removing the foam is often more expensive than installation due to its penetration into crevices and the need for safe disposal.
Few equity release lenders may consider properties with spray foam insulation, typically requiring a long-term guarantee and valuer's comments. Some mortgage lenders might accept it but usually require valuer approval and meeting specific criteria about the insulation type and material.
If you're interested in mortgaging or buying a property with spray foam insulation, gather detailed information about the installation, including type, professional installation status, guarantee availability, and the property's age. Remember, resale prospects may be affected due to limited mortgage funding availability. If foam issues worsen, selling might only be possible to a cash buyer.
Streamlined Solutions for Spray Foam Insulation Removal & Lender Approval
If you're visiting our site, you're likely facing challenges in property sale, purchase, or equity release due to spray foam insulation. At Better Insulation Solutions, we understand your stress and are here to support you, simplifying the process and handling all requirements to ensure a smooth sale or equity release. Over the past three years, we've achieved a 100% approval rate with lenders after full removal of spray foam insulation.
Removing spray foam insulation is straightforward with the right tools, training, and experience. For domestic properties with tiled or slated roofs, we employ mechanical manual removal to expose timbers and joists, checking for damp or rotten timbers. We document the process with photographs and moisture readings. If we find any damaged timbers, our team repairs or replaces them. The removed foam is bagged, sealed, and lawfully disposed of. We provide lenders with photographs and moisture readings, ensuring 100% approval. If a lender requires an independent inspection, we arrange it free of charge, offering a 48-hour return policy to address any issues flagged.
