Conveyancing website, Today’s Conveyancer, has reported that a study by Swansea University has looked into the destruction of Japanese Knotweed and has found that there are currently no definite ways of completely killing this invasive plant using methods that are currently available.
Japanese Knotweed is a matter of concern for lenders and housebuyers as this invasive plant can grow through concrete and has the potential of causing damage to property.
Lenders are cautious of lending on a property which has Japanese Knotweed on its land or adjoining land. The existence of Japanese Knotweed can put off potential buyers, can result in some lenders refusing to lend and can affect property prices.
Where lenders are willing to lend, they will usually require evidence that the Japanese Knotweed is being treated and confirmation that the works will come with a warranty. The warranty will mean that the company will treat the Knotweed again if it reappears, subject to their terms and conditions. Warranties usually last for 5 or 10 years.
A company who deals with Japanese Knotweed removal has responded by stating the findings from Swansea University could be misleading and they do not believe that they looked at all available methods. They believe that the University only looked at herbicidal methods and did not look at extraction methods which the company believes to be 100% effective.
Time will tell how effective current methods are. Homeowners who have had Japanese Knotweed treatment on their land may wish to check their land every so often in order to check that regrowth has not occurred and if the treatment methods later prove not to be 100% effective, they may have to arrange further treatment years down the line after a warranty expires.
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