JAPANESE KNOTWEED is a highly invasive, persistent, non-native plant. Building insurers are concerned that it may cause damage to your property and for this reason obtaining a mortgage can be problematic when it is known to be present.
Japanese knotweed, so if you have this plant on or near your property and you wish to sell, or borrow against it, you will be required to take action. It is a criminal offence to grow or cause the growth of this plant under the Wildlife and Countryside (Scotland) Act 1981.
GIANT HOGWEED is a highly invasive, non-native plant which is injurious to humans and animals. This plant is often found along the banks of rivers where its aggressive growth quickly shades out our native plants reducing their habitat and resulting in bank erosion.
It is a criminal offence to grow or cause the growth of Giant Hogweed. There is more public awareness of Giant Hogweed in recent years with injuries being publicised in tabloids. From a health & safety perspective it is good practice to take measures to reduce the risk where possible.
Difficulty securing a mortgage?
Properties blighted by Japanese Knotweed infestations can be difficult to sell due to mortgages being declined and low valuations. For our domestic clients and their professional advisors we can satisfy the requirements of lenders and ensure that affected properties can be mortgaged.
Requirements to obtain a mortgage
RICS (Royal Institute of Chartered Surveyors) have recently introduced guidelines to assist all professional bodies connected with the housing market and standardise the criteria required by the Council of Mortgage Lenders (CML) and the Building Societies Association (BSA).