Bank changes policy on Japanese knotweed

Santander has said it no longer refuses to accept property as security where Japanese knotweed is found within it or on neighbouring land (HW, 25 October).

A bank representative said: "Santander does require that remedial treatment is carried out to eradicate the plant and that a guarantee is provided by the specialist who carries out the work.

"The most common treatment involves spraying with chemicals. To ensure that this is done, and the funds are in place to pay the specialist, we ask for the cost of remediation to be held in escrow or a Bondpay agreement for release as the work is done. The Property Care Association provides this facility, as do other specialists.

"When a valuer reports the presence of knotweed to Santander they will initially impose a full retention of funds until the infestation is investigated. Once specialist reports have been obtained, the retention is reduced to the costs of the works required - typically a few thousand pounds.

"We do not require valuers to decline any properties because of the existence of Japanese knotweed."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Read These Next



A graceful habit, attractive foliage and often fragrant flowers are all selling points, writes Miranda Kimberley.

Business planning - Planning for uncertainty

Business planning - Planning for uncertainty

Planning, organisation and discipline are all areas where horticulture firms can take lessons from the military, says Neville Stein.

Weed control: effective management

Weed control: effective management

Control is needed in urban areas as well as on sports turf and nursery sites. Sally Drury looks at the best ways to manage weeds as well as costs.

Horticulture Jobs
More Horticulture Jobs

Are you a landscape supplier?

Horticulture Week Landscape Project Leads

If so, you should be receiving our new service for Horticulture Week subscribers delivering landscape project leads from live, approved, planning applications across the UK.

Horticulture Week Top 50 Landscape and maintenance contractors

See our exclusive ranking of landscape and maintenance contractors by annual turnover. 


Free to subscribers, the essential guide for professional plant buyers

Download your copy

Products & Kit Resources