Will Asbestos Stop a House Sale?

There are so many things to think about when selling a property, but one issue that often raises questions is the presence of asbestos. Will asbestos stop a house sale? Asbestos was widely used in UK construction before being banned in 1999 due to its serious health risks. While its presence doesn’t automatically stop a property from selling, it does introduce additional complexities for both sellers and buyers. In this blog, we will explore the implications of asbestos on the selling process, including legal obligations, its impact on property value, and the steps you can take to ensure a smooth sale.

What is asbestos and why is it a concern?

Asbestos is a naturally occurring mineral that used to be used in construction materials (such as insulation, roofing and floor tiles) due to its fire-resistant and insulating properties. However, when asbestos-containing materials (ACMs) are damaged or disturbed, they release microscopic fibres into the air. If inhaled, these fibres can cause serious health conditions, including asbestosis, mesothelioma, and lung cancer.

The health risks associated with asbestos have led to strict regulations regarding its handling and removal. While it is no longer used in property construction today, asbestos may still be present in properties built before 2000, making it a concern for sellers, buyers, and lenders.

Is it legal to sell a house with asbestos?

In the UK, it is entirely legal to sell a property containing asbestos. However, sellers have a legal obligation to disclose any known issues with the property, including the presence of asbestos. Concealing this information can lead to serious consequences, including the invalidation of the sale and possible legal action. If you live in an older property and you’re not sure whether you have asbestos in your home, conduct a survey to help identify any potential issues. Whilst this is not legally required, it demonstrates due diligence and can ease buyer concerns.

How does asbestos impact property value?

The presence of asbestos can influence a property’s marketability and value in several ways:

Buyer hesitation

Many buyers may be apprehensive about purchasing a property with asbestos due to health risks and the potential costs of removal. This could lead to prolonged negotiations, lower offers, or even a withdrawal of interest altogether.

Mortgage approval

Some mortgage lenders are cautious about financing properties with known asbestos issues. While the presence of asbestos doesn’t automatically disqualify a property from mortgage eligibility, lenders may require assurances that the asbestos is in good condition or has been professionally managed.

Surveyor reports

If a buyer’s survey identifies asbestos, this could affect the sale process. Buyers might request a price reduction to cover removal costs, further impacting your property’s value.

What should I do about asbestos?

If your property contains or is suspected to contain asbestos, there are several steps you can take to address the issue and ensure a successful sale:

Conduct an asbestos survey

Hiring a professional to conduct an asbestos survey is one of the most proactive steps you can take. A survey will:

• Identify the presence of asbestos-containing materials (ACMs)
• Assess their condition and potential risks
• Provide recommendations for management or removal

This information can be shared with potential buyers, demonstrating transparency and helping them make informed decisions.

Be transparent 

If asbestos is identified, it’s important you disclose this information to potential buyers to build trust and prevent disputes. Ensure you provide copies of the survey report and any relevant documentation, such as maintenance records or risk assessments.

Address the issue

Depending on the location and condition of the asbestos, you might need to address the issue before listing your property. Here are your options:

• Encapsulation: This involves sealing the asbestos to prevent fibres from being released, and it’s a cost-effective solution if your asbestos is in good condition.
• Removal: If your asbestos poses a significant risk or if buyers express concerns, professional removal might be the best option. Always hire a licensed contractor to handle asbestos removal safely and legally.

Provide relevant certifications

If you have had asbestos professionally managed or removed, provide buyers with relevant certificates and documentation. This will reassure them that the property has been made safe and compliant with regulations.

FAQs about selling a house with asbestos

Do I have to remove asbestos before selling my house?

No, you are not legally required to remove asbestos before selling your property. However, addressing the issue can make the property more appealing to buyers and reduce potential roadblocks during the sale process.

Can asbestos stop a house sale?

Asbestos doesn’t automatically stop a house sale, but it can complicate the process. Buyers may negotiate for a lower price or request that you address the issue before completing the sale.

What happens if I don’t disclose asbestos?

Failing to disclose asbestos, if you’re aware of its presence, can lead to legal consequences and potentially invalidate the sale. It’s always better to be upfront about known issues.

How much does asbestos removal cost?

The cost of asbestos removal varies depending on the extent and location of the asbestos. On average, it can range from £500 to several thousand pounds. If you need to have asbestos removed, obtaining quotes from local licensed contractors will give you a clearer idea of costs.

Tips for buyers considering a property with asbestos

If you’re a buyer interested in a property with asbestos, here are some tips to help you make your decision:

• Request an asbestos survey: If the seller hasn’t conducted a survey, consider arranging one yourself to assess the risks.
• Understand management options: Asbestos in good condition can often be safely managed rather than removed, but make sure you consult professionals for their advice.
• Negotiate terms: Use the survey findings to negotiate the price of the property or request that the seller address the issue before completion.

Need to sell your house quickly?

Selling your property can be overwhelming and frustrating at the best of times, but if you’re pushing the sale of a house with asbestos, huge repair hassles or financial struggles, it can be nigh on impossible to sell your property quickly the old-school way.

This is why we do what we do at Sell House Fast. It’s true — we buy any property, in any condition. At Sell House Fast we’ve streamlined the selling process, making it a breeze to sell your property. The journey is quick, easy and tailored to your needs. Start the selling process and receive your free cash offer today.