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06
Dec 2023
This story is sponsored by Kempston-Parkes.
He said as a result lenders will typically ask for full retention on the mortgage – that is, they won’t release the funds to the buyer until the vendor has carried out the remedial work.
The alternative is for the vendor to drop the price substantially – by around £15,000 off a small terraced house, or £25-40,000 off a large, detached property. Removing spray foam insulation from one listed building recently cost an eye-watering £200,000.
Andrew, whose firm Kempston-Parkes Chartered Surveyors sees several spray-foamed homes a year, said:
The alternative to spray foam is 300mm fibreglass insulation, keeping the eaves clear to allow for air-flow. If a loft is being converted, the roof will need to be boarded and insulated, but even then, there needs to be air-flow behind the boarding.
Andrew said:
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