Japanese Knotweed – Buyer Beware.

Japanese Knotweed is an invasive plant and was first discovered by Swedish naturalist Carl Peter Thunberg during the 18th century.  By the twentieth century it became apparent that Japanese Knotweed is an invasive plant and needs to be dealt with. There are different types of solutions for treating or eradicating Japanese Knotweed from herbicide treatment to excavation.

If a potential property buyer identifies Japanese Knotweed in the property then the implications could be serious. The invasive plant inflicts damage on brickwork and drainage systems and as a result, mortgage lenders may be reluctant to lend and the property insurers may not want to insure the property. Unfortunately all too often homeowners are oblivious to Japanese Knotweed until the time comes to sell their properties. Although the presence of  knotweed can be problematic, solutions are available.

When selling the property, the seller will need to fill in a form called a TA6 provided by the Solicitor and it is on this form that they declare whether the property is affected by Japanese Knotweed. The seller will need to be able to identify whether there is Japanese Knotweed or if they can’t, they should contact a Japanese Knotweed contractor that can help them identify it. This can simply be achieved by sending in a photo of the plant by email for identification by the contractor.

As for the buyer, it is equally important that they speak to their Solicitor and also contact a Japanese Knotweed contractor to help identify the plant. Once it has been identified, the seller should seek advice from a Japanese knotweed specialist company to discuss how best to put measures in place to treat the infestation and manage the problem. A specialist will be able to provide information on the following: site surveys, Knotweed Management Plan (KMP), herbicide treatment and monitoring program, excavations  and Insurance-Backed Guarantees (IBG).

 

Alex Evans

You May Also Enjoy

Estate Agent Talk

77% of buyers refuse to buy a flood risk property

Despite 4.7 million English homes facing flood risk New research from Lyons Bowe has revealed that 77% of homebuyers would not consider purchasing a property in a flood risk area, despite more than 4.7 million homes across England currently being deemed at risk of flooding. The findings come as the Government launches a new flood taskforce amid…
Read More →
Letting Agent Talk

Poor Communication becomes Expensive at Scale

The hidden cost of fragmented property management By Adam Hills, Client Services Director, LRG Living Markets A landlord asks for an update on a repair. The property manager asks the contractor, who is waiting for access from the tenant. Meanwhile, the accounts team has received an invoice but cannot tell whether the work is complete.…
Read More →
Estate Agents should not all look the same
Estate Agent Talk

When Estate Agents Decide to Go Solo

Leaving an established estate agency to work independently gives experienced agents more control over fees, client service and working hours. It also brings responsibility for compliance, cash flow and every part of the customer experience. Before handing in your notice, test the idea against realistic sales volumes, local competition and the amount of time you…
Read More →
Estate Agent Talk

What Should Buyers Ask Before Reserving a New Build?

Research from Skipton Building Society has found that 44% of aspiring first time buyers would rather buy a new build than an older property, with just 30% favouring an older build. Modern fittings and appliances were the biggest draw, cited by over half of those who preferred a new build, alongside the promise of lower…
Read More →
Breaking News

The UK cities with the largest property price increases revealed

A new study has unveiled the most challenging UK cities for first-time buyers. Newry leads Northern Ireland’s ranking, with a property price increase of 12.8%, while Hull leads Great Britain’s ranking, recording an increase of 6.6%. The research examined data from HM Land Registry to reveal the cities that have faced the highest property price…
Read More →
Breaking News

The UK’s Most Expensive Property Hotspots Revealed

More than one in three homes sold in Camden last year fetched at least £1 million, making it the UK’s leading million-pound property hotspot in a new study of England and Wales. But despite London’s dominance at the top of the rankings, the research reveals a surprising trend: median sale prices in several expensive London…
Read More →