Buyers and sellers are increasingly suffering from the presence of Japanese Knotweed and the obstacle this presents during property transactions. Unless you have a professional management programme covered by an Insurance Backed Guarantee in place, the banks or building societies will not consider lending against a property infested with Japanese Knotweed.
Elcot have been involved during the past year's in providing welcome information and guidance to the Royal Institution of Chartered Surveyors (RICS) to help build a platform that provides Knotweed management contracts that are acceptable to the Council of Mortgage Lenders (CML).
Elcot have been providing this type of contract for the past 12 years and the model above has been based on the Elcot standard contract. The result of this work is that the highly respected Property Care Association (PCA) have become the policing body recognised by the CML for the Knotweed specialists
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