In December last year it was reported that England had had its fifth wettest autumn on record. Following these reports prospective buyers are being warned to be extra vigilant when looking to purchase a property that is close to a watercourse or has recently suffered groundwater flooding. This is due to the flood water helping invasive plants such as Japanese Knotweed spread.
What is Japanese Knotweed?
Japanese Knotweed was introduced to the UK from Japan in the 19th century as a garden plant, but has since become established in the wild. It is a fast growing, invasive weed and can cause severe damage to property if left and not treated properly.
If Japanese Knotweed is found growing within or nearby a property's boundaries a homeowner may find the property hard to sell as most mortgage lenders require professional treatment to be carried out. This treatment can be costly and several stages of treatment are carried out over time. The treatment must also be accompanied by an insurance backed guarantee.
How to spot Japanese Knotweed
When looking to purchase a property whether it be a cash purchase or with the aid of a mortgage, it is always advisable to have a full home buyers report carried out against the property. The survey will reveal any existence of Japanese Knotweed.
How to obtain flood report
When purchasing a property an environmental search will be carried as part of the conveyancing process and will include a flood report.
A property's flood history can also be obtained direct from the Environmental Agency.
Our award winning conveyancing team can answer any questions you may have about buying or selling a property. Call us now on 01616 966 229.