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Can I get a mortgage on a property with Japanese Knotweed?
By The JKL Team

Can I get a mortgage on a property with Japanese Knotweed?

Question: Can I get a mortgage on a property with Japanese Knotweed?

Answer: Yes, obtaining a mortgage on a property with Japanese Knotweed is possible on a case-by-case basis, especially with evidence of a suitable KMP in place.

A Closer Look: 

Securing a mortgage on a property with Japanese Knotweed (Fallopia japonica) is possible, but it often depends on the specific circumstances and the lender’s policies. Key to this process is demonstrating that the Knotweed is being effectively managed. Evidence of a comprehensive Japanese Knotweed Management Plan (KMP) is crucial. A KMP provides lenders with assurance that there is a structured and ongoing approach to controlling and eradicating the Knotweed, reducing the risk of property damage and subsequent value depreciation.

Lenders typically require that the KMP includes a detailed survey, a remediation strategy, and a commitment to regular monitoring and treatment. Additionally, an insurance-backed guarantee is often necessary to cover the cost of any future Knotweed-related issues. This guarantee reassures lenders that the property remains a viable security for the loan despite the presence of Japanese Knotweed. By fulfilling these requirements, property owners can enhance their chances of obtaining a mortgage and ensure the long-term management of the invasive species

To find out more about our knotweed solutions speak to the team.

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