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  • FIRST POST
    Dave6335
    Mortgages and Japanese Knotweed
    • #1
    • 11th Sep 12, 11:33 PM
    Mortgages and Japanese Knotweed 11th Sep 12 at 11:33 PM
    My inlaws (recently passed away) house is on the market. An interested party went along to view the property and then informed us that there was knotweed in a corner of the garden, some 20 metres or so from the building itself. They said they would like to put in an offer but as there was this knotweed they stated they could only get a mortgage at a much higher interest rate than normal. I'm aware that some mortgage providers will not grant a mortgage unless the knotweed is being treated but I have never heard that higher interest rates on the loan would apply because of the dreaded weed.
    Has anyone else heard of this?
    Cheers
    Dave6335
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