Spray foam insulation and mortgages have been the subject of recent debates in the UK mortgage market. Lenders are worried about homes with spray foam insulation solutions.We explain the reasons behind spray foam insulation mortgage concerns and provide guidance for homeowners dealing with spray foam insulation.
Reduced Air Circulation and Condensation Risk
Sealing roof spaces with spray foam insulation makes it very hard for air to pass through.
Insufficient airflow can cause dampness and condensation to build up on roof timbers – laying the groundwork for rot and damage to the structure.
As a result, many lenders are wary of the long-term stability of homes with this type of insulation because of the serious safety concerns it raises.
Lenders do not like giving mortgages to homes with spray foam insulation because it could cause such damage.
Difficulty in Removal and Inspection
Spray foam sticks very well to surfaces, which makes it hard to remove and expensive – usually more expensive than the installation itself.
Surveyors have a harder time doing their jobs when they have to value mortgages because of this strong adherence.
The insulation hides roof timbers so it’s not easy to figure out how much work the property really needs. Lenders are even less likely to give money because they don’t know what damage is hidden and how it might affect the property’s value and safety.
Lender Policies and Valuation Impact
Because of these risks, many mortgage lenders in the UK automatically turn down applications for homes that have spray foam insulation.
The insulation can lower the value of a home or make it necessary for expensive professional inspections. Lenders are hesitant to approve these mortgage applications because they think the property values will drop and the costs of inspections will go up.
This caution affects the ability of homeowners to secure financing for homes with spray foam insulation.
Guidance for Homeowners
Maintain Documentation
If a homeowner has spray foam insulation, they should keep all paperwork pertaining to the installation.
This includes guarantees for the spray foam, pre-installation surveys, and independent validation certificates from KIWA, British Board of Agrément (BBA) or others.
These papers are very helpful when selling or refinancing a home because they show that the installation was done right and according to the rules.
Be Cautious of Removal Scams
Homeowners should be aware of scams related to the removal of spray foam insulation.
Some companies lie and say that installations did not meet standards, then they offer expensive removal services, generally with fake licenses. Homeowners should talk to the company that did the original installation before doing anything else.
Isothane, a reputable company in the industry, advises against unnecessary removal if the installation was done properly.
Raising Complaints
If people are worried about their spray foam insulation, they should first talk to the company that installed it or the organization that certifies the product.
There is a formal way for people who got insulation through the Green Homes Grant to settle their complaints. The Consumer Protection can give people who think they have been misled the chance to get justice.
It is best to get personalized advice from a lawyer or other professional, and Citizens Advice can help with disputes between traders.
Takeaways
Spray foam insulation can cause some problems, and homeowners need to be aware of them for timely solutions.
Keeping detailed records, carefully inspecting their property, and making well-informed choices can help them get through the complicated parts of this type of insulation.
Isothane, a leading UK-based polyurethane foam manufacturer, offers various insulation, waterproofing, and rigid foam solutions. Their specialized PU technology and nationwide installer network provide reliable options for those considering or managing spray foam insulation in their homes.
