Why do I need a mortgage tree report?
When a tree or trees are close to a property, it is increasingly common for mortgage lenders to ask homebuyers for a specialist tree report. They are sometimes referred to as mortgage tree reports, arboricultural reports or surveys, or homebuyer tree reports. However, they all refer to the same thing.
There are a number of ways in which trees can pose a risk to property, including:
- Subsidence caused by roots. As a result of this, damage can occur to the exterior or interior of a building.
- Damage to roofs caused by overhanging canopies and branches.
- Cracks in and uprooting of driveways, pathways and other exterior areas.
A tree report is an important way of addressing these concerns because it provides lenders with a professional assessment of the extent of these risks and what can be done to mitigate them.