Will I get a mortgage. Knotweed

Will I get a mortgage. Knotweed

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rufusgti

Original Poster:

2,532 posts

194 months

Thursday 10th September 2015
quotequote all
Ive found a property that seemed very cheap for the area. After a chat with the EA I've found it has a problem with knotweed in the garden and next doors garden. The neighbours have there's "under control" apparently. But I'm led to believe there could be a problem getting a mortgage if there's knotweed on site. Is this definitely the case.
Thanks for any advice.

rufusgti

Original Poster:

2,532 posts

194 months

Thursday 10th September 2015
quotequote all
Thanks.
Looks like i need to have a closer look at exactly where it is.

rufusgti

Original Poster:

2,532 posts

194 months

Sunday 20th September 2015
quotequote all
trowelhead said:
I had this exact same situation.

Property seemed way to cheap for what it was - then the EA casually mentions the JKW...

Can take years to clear from what i have been reading - but if the gamble pays off the property should see an uplift in value when dealt with.

Not sure wether to chance it or steer clear. What have you decided to do OP?
I've looked into how to get shot of the JKW, I've also talked to neighbours of the property who have managed to get control and eliminate the problem on their side of the fence. I've decided to go for it for the reasons you state above, plus the house needs doing up so there's a fair chance of adding value. Obviously it can take a few years to completely eliminate the weeds so if you think you may need your money out then it's a risk. If you're playing the long game then the knotweed is less of an issue.