The Royal Institute of Chartered Surveyors (RICS) is consulting on a new Information Paper which aims to help valuers and mortgage lenders consider the implications of a Japanese Knotweed intrusion when undertaking valuations of residential property in the UK.
Many a home owner hoping to purchase or sell a property with or without a mortgage can fall down on the survey when Japanese Knotweed (JNW) is found on the property or on a neighbouring property. JNW is not difficult to control so long as there is a programme of pesticide applications instead of a reactive weed killer application as more than one application may be required to eradicate it before the site gets a clean bill of health.
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