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:

Chartered Surveyors and Valuation Surveyors

With Chartered Surveyors (full members of the Royal Institution of Chartered Surveyors) and Valuation Surveyors in house currently working directly for the majority of the UK major lenders, we are perfectly placed to deal and act upon their individual requirements to ensure they are able to lend against the property.