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Should I pull out of purchase after discovering Japanese knotweed ?

Just discovered that house I am due to buy has Japanese knotweed in the garden (20 m from house). Seller has a management plan in place but I believe it has also been present in neighbours garden. Latterly found out two previous buyers pulled out after being unable to secure mortgage. Concerned about value, remortgage ability and future saleability of property. Should I pull out of sale?

Asked on Nov 9 2014, General in Macclesfield | Report content

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  • No, just get a professional company who specialises in the removal of knot weed to give you a quote for the job and deduct the cost. If you like the property then why pull out? It is a problem which can be solved.

    Answered on Nov 13 2014, Report content
  • Hi, This is totally up to you as the purchaser. If you are a cash buyer, it is in your own hands, however mortgage companies may be reluctant to lend on properties that have knotweed, therefore the re-saleability of the property may be affected. It would be best to speak to a specialist company to see if there is any arrangement that could be made between either yourself and the vendor to combat the issue prior to completion. If you have any work carried out, we would advise to have this carried out within exchange of contracts to completion, or have an indemnity set up whereby it is carried out after completion. We hope this helps.

    Answered on Nov 25 2014, Report content

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