Japanese Knotweed and Mortgages

Japanese Knotweed And Mortgage Problems

Can Japanese Knotweed affect your mortgage prospects?

Yes, if you have Japanese Knotweed on your property you will probably find the value declines and that banks and mortgage lenders may even refuse to give you a mortgage. A knotweed infestation can be a worrying financial burden. Luckily here at Japanese Knotweed Specialists, we are able to provide you with tailored Japanese Knotweed mortgage solutions.

How does Japanese Knotweed affect mortgages?

Because it grows so quickly, Japanese Knotweed can spread rapidly and if left unchecked can overtake a garden and potentially cause property damage. Problems like roots blocking drains and even damaging foundations are not unheard of with Japanese Knotweed and that’s why some mortgage lenders are inclined to be more restrictive when it comes to mortgages on a property with Japanese Knotweed.

When you apply for a mortgage, lenders often require a professional mortgage survey, if Japanese Knotweed is present they will need to understand the extent of the infestation and from this, they will determine the extent to which the knotweed has caused or will cause damage to the property. Individual lenders will then determine suitability for a mortgage based on their own policy for Japanese Knotweed mortgages.

Japanese Knotweed Specialists can remove your knotweed problem efficiently and at a price to suit your budget. Once complete, all of our treatment plans can come with a five, ten, or 35-year mortgage guarantee which will satisfy mortgage lenders and mean you can obtain a mortgage. Our Japanese Knotweed guarantee will undoubtedly provide you with the peace of mind that the invasive weed will no longer pose a threat to your property.