This is dependent upon the lender, as some will reject a mortgage application outright if you have Japanese Knotweed on your property. Some lenders will rely upon the surveyor’s report to determine whether it poses a significant risk to the property and the chances of selling it in the future.
However, it is important to remember:
- Most lenders will demand a professional eradication, complete with a guarantee against the plant’s return, before making a mortgage offer.
- The lender may also require the buyer to provide written confirmation that they are happy to proceed with the purchase of the house.