Japanese Knotweed Ltd surveyors have over 10 years experience in the identification and management of Japanese knotweed. With this expertise our Residential Property Knotweed Surveys (for conveyance) are produced to include a categorisation of risk that knotweed presents to a property, in accordance to RICS Information Paper 27/2012 (Japanese knotweed and residential property).
Major UK mortgage lenders do accept that our Knotweed Management Plans, backed by third party bonded guarantees (provided after having undertaken a thorough property risk survey), provide reliable knotweed remediation solutions for residential properties.
Although enabling lending on knotweed issues is nothing new us, we believe to have seen very early indicators that the release of the RICS IP 27/2012, is providing a more realistic approach to lending with a mortgage provider accepting a structured herbicide programme as an acceptable treatment solution to a Category 3 property risk situation. In our experience, since knotweed became a recognised risk to property, lenders have only accepted instant eradication (which can be provided with excavation methods) backed by third party bonded guarantees, as acceptable solutions for what we now class as Category 3 and 4 knotweed property risk scenarios.
Japanese Knotweed Ltd welcomed the arrival of the RICS Information paper on knotweed, hoping that it would provide a more reasoned approach to assessing knotweed property risk. We will continue to monitor developments in relation to this through the property sale enquiries we become involved in, but very early indicators are promising.
We can advise that it’s in your interest to get us involved on a knotweed property risk assessment as soon a lenders/buildings survey indicates the potential presence of Japanese knotweed. We use the word ‘indicate’, as the surveyors carrying out buildings surveys are not knotweed experts, and it is important that you get a quick follow-up assessment done to ensure the suspected knotweed has been correctly identified.
We carry Professional Indemnity insurance, which specifically includes for allowing us to give advice on Japanese knotweed including the identification of knotweed for the records of third parties. If you want us to identify knotweed on a property, request a survey (enquiries@knotweed.co.uk) or send us a picture for a free assessment (ident@knotweed.co.uk).
If there is knotweed on or near to the property, its management, control and treatment needs to be properly assessed and recorded in a Knotweed Management Plan (KMP) document. Japanese Knotweed Ltd provide KMPs on all knotweed conveyance related problems and our treatment solutions are backed by third party bonded guarantees providing customer payment and service protection.
This type of service provision (as approved by the Council of Mortgage Lenders) is currently the best you can hope to get, so contact us today if knotweed is affecting your property sale/purchase and we can begin to help.
Post by Ben Lindley of Japanese Knotweed Ltd
