sotam123
Active member
Hello everyone,
maybe someone could point me in the right directions and/or give me some tips.
I am a first time home buyer and have been browsing the market for quite some time.
I have found a house that is a little out of the way (i work from home so its not a big deal) and I visited it a little over a month ago.
everything is to my liking but I found out the roof is insulated with asbestos and was later covered with another layer of insulation. This is a 1 story house with a basement and there was a asbestos report from 2014 stating only the roof over the house is contaminated. This is obviously an issue for me and would be something that I would address before even moving in(since I would like to get it over with asap and keep a good resale value if I decide to sell it many years later.
now here is my question...how do mortgage lenders usually work with a house like this? I have heard that many will simply not approve a house with asbestos. I met with a Multipret agent a month ago and she was unable to give me a solid answer(service was terrible)...I figured Id see what people here have to say...obviously all of this is very hypothetical since I haven't decided to buy and I haven't even gotten it inspected yet...Just want to see more details since I think this will be the main issue with this property.
maybe someone could point me in the right directions and/or give me some tips.
I am a first time home buyer and have been browsing the market for quite some time.
I have found a house that is a little out of the way (i work from home so its not a big deal) and I visited it a little over a month ago.
everything is to my liking but I found out the roof is insulated with asbestos and was later covered with another layer of insulation. This is a 1 story house with a basement and there was a asbestos report from 2014 stating only the roof over the house is contaminated. This is obviously an issue for me and would be something that I would address before even moving in(since I would like to get it over with asap and keep a good resale value if I decide to sell it many years later.
now here is my question...how do mortgage lenders usually work with a house like this? I have heard that many will simply not approve a house with asbestos. I met with a Multipret agent a month ago and she was unable to give me a solid answer(service was terrible)...I figured Id see what people here have to say...obviously all of this is very hypothetical since I haven't decided to buy and I haven't even gotten it inspected yet...Just want to see more details since I think this will be the main issue with this property.