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Listen "Spray Foam Insulation. DO NOT INSTALL IT"
Episode Synopsis
Rob addresses the growing concerns surrounding spray foam insulation in homes, particularly its impact on selling and remortgaging properties. With major lenders increasingly rejecting homes that have this type of insulation installed, Rob examines the potential issues caused by improper installation, such as moisture buildup and structural damage.
KEY TAKEAWAYS
Homeowners with spray foam insulation may face difficulties when trying to sell or remortgage their properties, as major lenders are increasingly rejecting homes with this type of insulation.
Many instances of spray foam insulation have been poorly installed, leading to potential issues such as moisture buildup and dampness in the loft area, which can compromise the structural integrity of the roof.
A significant portion of spray foam insulation was installed under the previous government's Green Homes Grant scheme, highlighting a lack of coordination between government initiatives and lender requirements.
It is crucial for homeowners and potential buyers to inspect loft spaces for spray foam insulation. If present, it can be a point of negotiation during property transactions.
BEST MOMENTS
"If you have it in your home, then you might have trouble either selling your home or remortgaging."
"The fear from lenders is that with spray foam installation, what it does is it blocks up the rafters."
"It's estimated about a quarter of a million homes have this type of installation."
"There's going to be a lot of cowboy people out there to take advantage of the grant cash."
"If you're looking to have this installed, I personally, I wouldn't recommend it."
VALUABLE RESOURCES
https://www.bbc.co.uk/news/articles/cqjrpv218r0o
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
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
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
KEY TAKEAWAYS
Homeowners with spray foam insulation may face difficulties when trying to sell or remortgage their properties, as major lenders are increasingly rejecting homes with this type of insulation.
Many instances of spray foam insulation have been poorly installed, leading to potential issues such as moisture buildup and dampness in the loft area, which can compromise the structural integrity of the roof.
A significant portion of spray foam insulation was installed under the previous government's Green Homes Grant scheme, highlighting a lack of coordination between government initiatives and lender requirements.
It is crucial for homeowners and potential buyers to inspect loft spaces for spray foam insulation. If present, it can be a point of negotiation during property transactions.
BEST MOMENTS
"If you have it in your home, then you might have trouble either selling your home or remortgaging."
"The fear from lenders is that with spray foam installation, what it does is it blocks up the rafters."
"It's estimated about a quarter of a million homes have this type of installation."
"There's going to be a lot of cowboy people out there to take advantage of the grant cash."
"If you're looking to have this installed, I personally, I wouldn't recommend it."
VALUABLE RESOURCES
https://www.bbc.co.uk/news/articles/cqjrpv218r0o
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
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
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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