Mortgage Lenders and Spray Foam Insulation
A friend's in the process of buying a house, and they've just found out that there's Spray Foam insulation in the roof space.
I'm wondering if anyone has recent experience of getting a mortgage with Spray Foam insulation. At this stage, I don't know if it's open cell or closed cell, and I don't what paperwork exists. I gather it was installed 10 years ago, and has 20 years left of a 30 year guarantee.
The buyer says that NatWest have valued the property and made a mortgage offer - but at the moment, doesn't know if it was a desktop / drive-by valuation (do lenders still do those?) or whether the valuer looked in the roof space.
I saw a an earlier post on this site that said NatWest happen to be the only mainstream lender that accept spray form insulation - is that accurate? Obviously, that will make future resale difficult.
Does anyone have any general comments or advice about the ease or difficulty of getting a mortgage with spray foam insulation?
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