Did you know that if you have Japanese Knotweed on a property or even nearby, it is now necessary for a mortgage provider to have a Japanese Knotweed Survey and Management Plan before they agree to lend...
As a member of the Property Care Association and a 'Certified Surveyor of Japanese Knotweed', Andrew Spencer from Complete Weed Control (West Wales) is authorised to provide these latest requirements to the mortgage process.
Information on Japanese Knotweed and Mortgages
Mortgage companies will no longer allow mortgages on properties with Japanese Knotweed infestations without certain procedures in place. The closer to the property, the more stringent the mortgage companies become.
Below is the table used by Surveyors to determine the Risk Category for the Japanese Knotweed on a particular property. As you can see even if you have no Japanese Knotweed but your neighbour has it could still be a problem!
If a mortgage is not required to buy a property then these procedures and stipulations are not mandatory or necessarily required, however the purchaser will probably want the seller to contribute or pay for the Japanese Knotweed treatment.
Whilst having Japanese Knotweed on your land does not contravene the law you are legally obliged to stop it spreading from your property elsewhere.
The following information is from my personal experience and should not be counted on as correct for every situation. You should always liaise with your estate agent, surveyor and Mortgage Company, if known, before making your decision on which course of action to take.
Japanese Knotweed can take several years to eradicate with herbicides, there is no such thing as a quick fix unless you are willing to foot the expense of excavation and disposal at a licensed controlled waste tip! Patience is a virtue with Japanese Knotweed, as is ‘Do Not Disturb’.
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