If you have had a survey done, and it is telling you that you have Japanese Knotweed on your property, your Mortgage lender will require a 10-year insurance backed guarantee from a PCA accredited contractor to proceed with the sale or remortgage of your property. No problem, Elcot can help.
The insurance is provided by Guaranteed Protection Insurance Ltd (GPI)*, and is the most widely accepted product by major UK mortgages lenders in the industry.
An Insurance Backed Guarantee (IBG) is a low cost, long term insurance policy, which provides valuable protection for consumers when undertaking home improvements projects. The principle of an Insurance Backed Guarantee is to honour the terms of the written guarantee, originally issued by the installing contractor, where the contractor has ceased to trade a defined within the policy document and is therefore unable to satisfy claims against the guarantee.
Most lenders will require that you provide a 10-year insurance backed guarantee before they will provide a mortgage.
* GPI is a UK based general insurer, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. With many years' experience, GPI specializes in the provision of IBG's.