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Please share any experience/ knowledge on leaseholds and japanese knotweed -
Japanese knotweed was found on boundaries of the development when the site was acquired. Developer used a PCA approved company to implement a 5 year treatment plan. However, there is no insurance backed guarantee for the work, as the development is by a waterway - the knotweed is basically all along the river bank. Does the lack of insurance/insurability make the flat un-mortgageable? Or will treatment carried out by a PCA approved company be enough? How much will a lender de-value a property like this? Or is value unaffected as we are merely purchasing the leasehold unit?
(The unit concerned is on a higher floor of the development of a new build, which is sizeable, developer is a big player in the market. Communal garden and a private road on site, the private road is on the boundary of where the knotweed is)
Given you'd only be paying x% (where x is presumably pretty small?) of any remedial costs, I doubt it's going to be a huge issue. Different if it's in your own back garden.
