What is a mortgage tree report?
Before granting a mortgage to a home buyer the mortgage company may require a report to assess the potential for nearby trees to damage property. Whereas a subsidence tree report looks at the cause of existing damage, the mortgage report looks at the potential for future damage, and hence the security of the mortgage lender’s investment.
In addition to the ability for trees to influence soil and cause subsidence, trees can also cause direct damage to buildings and structures via:
Branches touching buildings, and; Branches or trees falling onto buildings.
The Mortgage report identifies any factors present that could result in property damage from trees. It also provides recommendations for work to both reduce the potential for property damage and manage general tree safety. It does not provide any probability of risk of property damage on its own, but may be used in conjunction with Structural and Geotechnical reports.