bluecabbage
Registered User
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If you have the attic converted how can they know you've foam sprayed the roof? Greatest load of cobblers I ever heard. Any links to the banks refusal to give a mortgage with a spray foamed roof, apart from a social media poster saying it?Has anyone had any issues or heard of anyone having issues getting a mortgage for a house in Ireland that has spray foam insulation in the attic?
I've seen posts online from the UK that banks wont grant mortgages as they cant verify the state of the roof (which is strange in itself as if you have the attic converted, your in the same boat!)
Banks don't check the state of the roof when giving a mortgage.Has anyone had any issues or heard of anyone having issues getting a mortgage for a house in Ireland that has spray foam insulation in the attic?
I've seen posts online from the UK that banks wont grant mortgages as they cant verify the state of the roof (which is strange in itself as if you have the attic converted, your in the same boat!)
If you have the attic converted how can they know you've foam sprayed the roof? Greatest load of cobblers I ever heard. Any links to the banks refusal to give a mortgage with a spray foamed roof, apart from a social media poster saying it?
Well the issue is they cant see the roof you spray foamed so if you converted it shouldnt matter if you foamed cus you cant see the roof anyway! But they dont seem to have an issue with conversions, just the spray foam so its all a load of nonsense really
heres the first 2 links for a search...
Spray Foam Insulation Mortgage Problems - Think Plutus
Learn why mortgage and equity release lenders are reluctant to lend against a property with spray foam insulation, and potential solutionsthinkplutus.com
Spray foam insulation leaves 250,000 homes in mortgage limbo – Mortgage Strategy
An estimated 15 million homes in England and Wales need energy efficiency improvements – but property professionals are concerned that cash is being wasted on spray foam insulation, described as the “kiss of death” for homeowners who apply for mortgages or equity release loans for properties...www.mortgagestrategy.co.uk
what question?
If you have the attic converted how can they know you've foam sprayed the roof? Greatest load of cobblers I ever heard. Any links to the banks refusal to give a mortgage with a spray foamed roof, apart from a social media poster saying it?
Wow, that should be making headlines here. Maybe there's different types of foam insulation for doing the roof between rafters. If not? I know a lot of people who have had this done over the last 12 months by a company based in Northern Ireland but with agents all over the Irish republic. It's not cheap either.This morning's Sunday Times has an article on spray foam insulation which says it makes houses non mortgageable (in the UK):
We can’t sell our house because it has spray-foam insulation
Spray foam insulation is a popular way to save on energy bills, but if done badly it can wreck your plans to sellwww.thetimes.co.uk
It says the reasons are as follows: “It can encapsulate the wooden timbers in the roof and, in some cases, it can trap moisture behind it, which means that timbers can rot,” Andy Wilson, an equity release specialist in Lincolnshire, says. “In some cases, they will put a zero valuation on the property for mortgage purposes.”
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