Struggling to get your mortgage approved because of Japanese knotweed? Get help and advice with your Japanese knotweed Mortgage from the UK’s experts. The first time many homeowners learn of the existence of Japanese knotweed is when it is discovered during a property survey or home buyers report. The presence of Japanese knotweed on a property is serious as many mortgage providers will not lend against the property without a Japanese knotweed mortgage [link to http://www.environetuk.com/Japanese-Knotweed-Frequently-Asked-Questions/MortgageRefused-Due-To-Japanese-Knotweed] management plan in place. Not only can lending be refused, but homeowners can face civil action from neighbours as well as an Anti-Social Behaviour Order (ASBO) from the Courts, should they allow the knotweed to encroach on adjoining properties. The reason that this perennial has created such a storm in the mortgage market is down to the aggressive growth of the plant, together with the damage it can cause. Knotweed grows at an extremely fast rate during the summer months and fades away underground during winter. It has been known to grow through driveways and paths causing widespread damage and disruption. It is also difficult to permanently remove or eradicate it without expert help, as the root systems often remain under the surface, causing widespread resurgent growth every year. What is Japanese knotweed? Japanese knotweed (Fallopia Japonica) is a large, herbaceous plant that is native to East Asia but was introduced to the UK in the 1940s. It is extremely fast-growing and has bamboo-like stems and small white flowers which appear in summer. Knotweed has been grown as an ornamental plant in years gone by but is now more commonly found as a wayside weed. During the winter months, the plant’s stems die back, but the rhizomes beneath ground remain alive. By early summer, the knotweed can grow to over 2 metres in height. This suppresses growth of other neighbouring plants and causes widespread damage. Japanese knotweed is classed as controlled waste and requires determination and expert knowledge to completely remove it. How to get a mortgage if Japanese knotweed is found on your property If you find Japanese knotweed on a property you are purchasing and your mortgage lender has expressed concerns or even declined your mortgage, you can take action to set up a Japanese knotweed management plan with a specialist provider.
Conversely, if you are selling your property and need to remove the knotweed prior to a sale, you will often need to provide evidence of total eradication together with evidence of an insurance backed guarantee from the company who removed the knotweed. Leading UK Japanese knotweed expert, Nic Seal tells us what action to take, “…the first step is to seek expert help from a Japanese knotweed removal consultant. There are many different treatments to permanently kill the plant, or to remove it all-together with the root systems. Avoid DIY removal treatments as these won’t work with your Japanese knotweed mortgage lender.” Free help and advice Setting up a Japanese knotweed management plan will often be sufficient to show that you are taking action to remove the plant from your property, as this provides evidence that a specialist has visited the property and produced a removal or eradication plan. Environet UK are one of the leading specialists in this field and offer advice to homeowners seeking assistance. More information about Japanese knotweed mortgages can be found on their website at http://www.environetuk.com/Japanese-Knotweed-Frequently-Asked-Questions/MortgageRefused-Due-To-Japanese-Knotweed