Japanese knotweed and mortgage solutions
Blogweed is now on our Facebook page. Thursday 28th February 2019
Japanese knotweed mortgages and Knotweed Management Plans. Wednesday 21st November 2018
Who monitors your Japanese knotweed in the guarantee period? Friday 7th September 2018
Thursday 31st March 2011
The recent warm weather has caused Japanese knotweed to start growing, and when it starts growing, it can grow very fast. In sheltered parts of London, shoots have already reached over 1m, in the Wirral, shoots of 300mm have been found. However all this growth may yet be killed by a frost, as in both the 2009 and 2010 seasons, a frost in late April/early May doing the damage.
Japanese knotweed and mortgages, may not be on your mind at this time of year, but if you are a property owner or wish to become one or even sell a property, than you should consider the potential for Japanese knotweed to cause delays, additional costs and even the rejection of a mortgage for either you or your potential property purchaser.
Mortgage companies consider the potential for loss, when Japanese knotweed is discovered on or near a property that they are considering lending against. Certain mortgage companies, have an absolute policy of rejecting loans, if knotweed is found either within or adjacent to a property – this regardless of the potential to cause damage to the property. Most mortgage companies are more pragmatic and consider the potential for property damage, when considering the matter, they will require the Japanese knotweed to be treated however. If this is on neighbouring land, this can take some time to obtain the necessary agreement.
The Knotweed Company can offer a full site survey, and herbicide programme, which works within the Japanese knotweed Code of Practice and recommended herbicide practice. This may take 3 years or more to achieve eradication. By following Best Practice, the customer and the mortgage company can be assured that eradication will follow and their investment will be protected.
Whatever your weed problem, we’d be glad to hear from you and can offer solutions and competitive quotations throughout England and Wales.
Contact Brian Taylor on 01327 340770 or email me on my email