Japanese Knotweed Mortgage Problems
Does your property have Japanese knotweed mortgage problems? The majority of the UK major lenders will refuse to lend against a property if their surveyor identifies Japanese knotweed at a property you are purchasing, selling or even re-mortgaging, especially if it is located within seven metres of a habitable space. This is due to the aggressive nature of the plant and potential damage it can cause to the building, consequently severely affecting the value of the property.
As a minimum, the mortgage lender will request a ‘Japanese Knotweed Management Plan’. The Japanese Knotweed Management Plan should contain: