In the article, “Seven Things That Can make a House Unmortgageable”, the writer lists and gives some details for the worst things mortgage companies look for when researching mortgage grants. The list consists of two very invasive and destructive plants from the far east, two leaseholder problems, proximity to commercial businesses, and structural deficiencies in the building. The article gives some details of the problems , but also provides some links for further research into these problems, mainly for the worst invasive plant and the leaseholders.
Key Takeaways:
- The Japanese Knotweed can crack asphalt and even destroy homes by wrecking the foundation.
- Mortgage companies can deny to lend if they are aware of the plant being located near the home.
- It is hard to get rid of the plant for good because it can keep coming back despite normal procedures to get rid of it.
“Nearly eight out of ten people would be put off buying a property if they discovered there was Japanese knotweed in the garden.”
Read more: https://www.aol.co.uk/money/2017/07/12/seven-things-that-can-make-a-house-unmortgageable/