Loan Security Valuation

Question 1

Which lenders will accept spray foam?

Answer 1

Barclays - Closed cell spray foam installed as a remedy for a defective or life expired rod structure or coverings is not acceptable.

Where the installation has been installed by a company certified to the PAS 2030 standard (Trustmark registered), is of good quality and has a BBA, BRE or KIWA certification, along with an appropriate warranty (should be transferable to the applicants and future owners), it may be considered acceptable.

Question 2

Which lenders will accept certain types of non-trad?

Answer 2

Barclays will accept Wimpey no Fines, Thatch based on condition, and more.

Question 3

What factors are you considering when inspecting for secured lending?

Answer 3

Proximity to commercial or vacant premises

Construction (non-trad, thatch)

Access and restriction to property

Presence of material factors such as spray foam, JK etc.

Question 4

What are the scope of inspection required?

Answer 4

Depends on lender, some need loft inspections some don’t. We would always inspect the loft, and take the minimum 5 pictures required by most lenders, and fully read and understand the requirements of the inspection.

Question 5

What is debt finance?

Answer 5

The act of raising capital by borrowing money from a lender or band, to be repaid at a future date.

Question 6

What is a SWOT analysis?

Answer 6

Strengths
Weaknesses
Opportunities
Threats