1 Big NO For Insulating Your Home

Get your free ticket for 3 days of GREAT property education and networking. 20th - 22nd October: https://progressivepropertyreferral.com/live-multiple-streams-of-property-income-peterborough-20-22-october-2023-1694096212/AMB4692 Rob discusses a major mistake to avoid when it comes to insulating homes and rental properties. - the issue of using spray foam insulation in the roof, which can have serious long-term consequences... KEY TAKEAWAYS Spray foam insulation in the roof can have serious long-term consequences on the structure of the property, specifically the timbers in the roof. It can cause rotting and affect the overall integrity of the roof. Foam insulation can potentially trap condensation in the roof space if installed incorrectly, leading to further problems for the property. Some mortgage companies, especially high street lenders, are starting to reject properties that have foam insulation in the roof. This can create complications and additional costs for the borrower. It is important to satisfy the lender's requirements when applying for a mortgage. The property needs to be in good working order and meet the lender's standards for suitability as security for the mortgage. BEST MOMENTS "This is a massive no-no as far as I'm concerned…over a long period of time, that can affect the timbers in the roof."  "Foam insulation in the roof…a lot of lenders, mainly high street lenders, are rejecting properties that have foam insulation in the roof."  "It can potentially cause problems for property if it traps condensation in the roof space…lenders will be looking at that and they sometimes just like taking the easy option."  "Not all lenders are going to reject it, but again, it's just going to create complications." VALUABLE RESOURCES GET YOUR DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast ABOUT THE HOST Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s. 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   WHERE TO FIND US https://linktr.ee/thepropertynomadspodcast 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