Japanese knotweed
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November 2016 Overview – CML Handbook and BSA Mortgage Instruction Changes
Key Statistics for November 2016 (England & Wales): 35 lenders made changes to their instructions 130 sections were changed by lenders 5 lenders made changes to their minimum lease term requirements 6 lenders made changes on more than one occasion in November 3 lenders set out a disclosure obligation relating to Japanese knotweed One lender…
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Japanese Knotweed : Knot Disclosing to Lenders
Recently, three lenders adopted HSBC’s approach in the CML Handbook regarding Japanese Knotweed, complicating previously straightforward conveyancing instructions. This shift introduces more nuanced disclosure expectations for lawyers, particularly around environmental reports. Additionally, different categories determine when lenders need to be informed about Knotweed presence, reflecting evolving compliance requirements.