Mortgage Dilemmas & Japanese Knotweed

Why is Japanese Knotweed such a problem?

Although aesthetically appealing, Japanese Knotweed is considered to be the most invasive non-native plant species within the UK and Ireland today. Originally introduced into Britain as an ornamental garden plant over 150 years ago, with no natural pesticide and being able to grow unhindered within poor soil conditions, due to the aggressive growth pattern it has been allowed to spread rapidly throughout the country at an alarming rate.

Upon reaching maturity, it can reach heights of 8’ to 9’, suppressing the native vegetation while creating a rhizome network (root system), several metres in depth both vertically and horizontally beneath the surface.

Whilst the problems associated with having Japanese Knotweed on or close to your property are upon occasions, often exaggerated or misleading, the vast majority of mortgage lenders have stringent protocols in place whenever there is mention of Japanese Knotweed on a Home Buyers report. Despite a recent study conducted jointly by Leeds University and AECOM which claims that there’s no evidence that Japanese Knotweed causes significant structural damage, the mere existence of the plant is likely to be an issue during property sale/purchase where mortgage applications are involved. Because of this, we strongly recommend that you contact a qualified professional as soon as possible, as soon as the plant’s identity has been confirmed.

Be pro-active as opposed to reactive. It will undoubtedly pay dividends in the long term!