I am interested in buying a house that has been brought down in price as it has Japanese knotweed in the garden. I have heard that I might not be able to get a mortgage because of this, although I would be willing to employ a company to remove it. Can you advise?
Some lenders steer clear of properties with Japanese knotweed because it is extremely invasive and can undermine foundations.
However, there are other lenders which take a more pragmatic view as it can be treated and eliminated but you’ll need to speak with a broker to find out which lender works best for your circumstances. As a minimum, you will need to show that the knotweed has been dealt with properly.
1st January 0001