Category: Japanese knotweed
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Japanese Knotweed: Why Half of Buyers Would Walk Away
New research suggests that half of buyers and renters would walk away if Japanese knotweed were found. For conveyancers, the deeper lesson concerns investigation, disclosure, mortgageability and advice that helps the buyer make an informed decision before exchange
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Lenders Put Conveyancers in a Stranglehold over Japanese Knotweed
Lenders such as HSBC have updated its requirements regarding Japanese knotweed for prospective mortgage applicants. If knotweed is present on or near a property, a comprehensive survey and treatment plan from accredited professionals are necessary. Changes in lender requirements over time may complicate future sales or remortgage situations involving previously undisclosed knotweed.