Japanese Knotweed can cause problems when applying for a mortgage as the aggressive growth pattern of Japanese Knotweed is capable of exposing weaknesses in hard engineered structures such as concrete, tarmac, brick walls and foundations.
Specific problems caused by Japanese Knotweed are:
- Damage to retaining wall structures, paving and tarmac areas
- Damage to building foundations
- Damage to flood defence structures
- Reduction in land values
- Aesthetic issues
- Restriction of access
All of which are reasons why mortgage lenders are reluctant to lend on properties with Japanese Knotweed.
JAPANESE KNOTWEED MORTGAGE PROBLEMS - HOW CAN JKSL HELP?
Our specialist surveyors will carry out a full site survey at your property in order to assess the implications the Japanese Knotweed has on both yours and the surrounding properties.
Our surveyors will then produce a report which includes your treatment options, the different methods we use, COSHH (Health Risk Assessment), a cost breakdown, photographs and a marked drawing. We will put together a management plan which will satisfy the criteria stated by the mortgage lender in question.
JKSL work closely with the Council of Mortgage lenders to provide a practical hassle free specialist package to make selling or buying a property with a Japanese Knotweed easier for all parties concerned.
JAPANESE KNOTWEED MORTGAGE PROBLEMS - WHAT WARRANTIES DO
JKSL offer Insurance Backed Warranties from 12 months up to 20 years.
These warranties cover any works completed by JKSL and all works are carried out in accordance with the Environment Agency Code of Practice & SEPA guidelines.
Our warranties are issued to the property therefore should the property be sold the warranty will remain in place and any future treatments will still be carried out.