Untangling the knotweed problem
THE Royal Insitution of Chartered Surveyors has launched approved advice to encourage banks to lend on homes affected by Japanese Knotweed.
The plant can leave vendors unable to sell as lenders are reluctant to provide loans on properties plagued by the plant. Knotweed can grow up to three meters in height in just ten weeks and can cause damage to buildings.
RICS regional spokesperson, Jon Charters-reid of Charters-reid & Associates, says: “This RICS guidance will provide the experts with the tools they need to make clear and accurate decisions on the real impact of Japanese Knotweed and who and how much to lend.”