www.ultimatehandyman.co.uk

Hi,

we've just had an offer accepted on a property which is a project for us (accepted a low offer) and have the bank coming out soon to do a valuation.

The property does have spray foam insulation which can be a concern but i'm not sure if this has been done upto standard? You can see the timber showing through but not sure if it's enough for them to breath properly? I know banks can be funny lending against a property if the foam insulation hasn't been applied correcty.

EDIT: Pictures have gone upside down for some reason when uploading.

Walk away unless the sellers are going to get that removed. There is a good reason that lenders don't like lending on those properties.

Spray foam is great, you have it sprayed on the inside of your loft, it insulates your house, it holds roof tiles in place.
Well, that was the idea, it has since been realised that it does NOT breathe, it traps moisture in, and most insurance companies will not insure you if they have it, and removal costs ££££££

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Someone-Else wrote: ↑Wed Nov 27, 2024 7:26 pm Spray foam is great, you have it sprayed on the inside of your loft, it insulates your house, it holds roof tiles in place.
Well, that was the idea, it has since been realised that it does NOT breathe, it traps moisture in, and most insurance companies will not insure you if they have it, and removal costs ££££££

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Is it not ok if applied correctly?

The sellers have knocked £30,000 off the asking price as they are desperate to sell (owner has gone into a care home) and I've listed quite a bit of work that needs doing.

Consumer unit updating, gas central heating needs installing, velux skylight has failed, needs French doors to the rear of the property (currently only has a front door). We've got the property for £70,000 less than the average house price on the road.

A friend of mine is buying a bungalow from an executor. The property has been difficult to sell as it has formaldehyde urethane foam insulation in the cavity. He told me that the roof has to come off, and the old foam has to be pulled up out of the cavity. A new roof will then be put on to finish. The job is to cost around £15k, but he has bought at a price that covers this cost due to the fact that it is unmortgageable; he is a cash buyer as he is down pricing. I thought this sounded a bit strong but apparently it is a method used and he was happy to have a new roof.

There are firms that remove the roof spray foam, get a quote so you know what you are looking at.

DWD

Beav wrote: ↑Wed Nov 27, 2024 7:34 pmIs it not ok if applied correctly?

It can't be applied correctly.