Tree Survey for Mortgage Lenders: Why It’s Important

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When buying a property, mortgage lenders need to know that the investment is secure. One of the things that can impact the value and safety of a property is the presence of trees. While trees can add beauty and shade to a property, they can also pose risks to the structure of the building and the safety of those occupying it. This is why a tree survey is an important part of the mortgage process.

What is a Tree Survey?

A tree survey is an assessment of the trees on a property. It involves a qualified arborist inspecting the trees and identifying any potential risks they may pose. The survey will look at the age and condition of the trees, as well as their proximity to buildings, power lines, and other structures. The survey will also identify any diseases or pests that may be affecting the trees.

Why Do Mortgage Lenders Need a Tree Survey?

Mortgage lenders need to know that the property they are investing in is secure and will hold its value. Trees can pose a risk to the structure of the building, as well as the safety of those occupying it. For example, a tree that is too close to a building can cause damage to the foundation or roof if it falls during a storm. A tree with diseased or dead branches can also pose a risk to people walking or playing in the yard. By having a tree survey done, mortgage lenders can identify any potential risks and take steps to mitigate them.

What Do Tree Surveys Cover?

A tree survey will cover a number of different aspects of the trees on a property. These may include:

  • The age and condition of the trees
  • The species of the trees
  • The height and spread of the trees
  • The proximity of the trees to buildings and other structures
  • The soil conditions around the trees
  • The presence of any pests or diseases

What Happens if the Tree Survey Identifies a Problem?

If the tree survey identifies a problem with the trees on the property, the mortgage lender may require that steps be taken to mitigate the risk. This could involve trimming or removing trees that are too close to the building, or treating trees that are affected by pests or disease. The cost of these measures may be factored into the mortgage agreement.

Who Conducts Tree Surveys?

Tree surveys should be conducted by a qualified arborist or tree surgeon. These professionals have the training and experience to assess the health and safety of trees, as well as identify any risks they may pose. It is important to work with a reputable arborist who is certified and insured.

Conclusion

A tree survey is an important part of the mortgage process, as it helps to identify any potential risks that trees on the property may pose. By having a tree survey done, mortgage lenders can ensure that the investment is secure and will hold its value. It is important to work with a qualified arborist who can conduct a thorough assessment of the trees on the property and provide recommendations for mitigating any risks identified.

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