Never a loan with Japanese knotweed
It seems an unlikely scenario but weeds can stop you getting a mortgage, or so it seems from an article in the Metro last month.
Dave Williams from Cornwall has tried to borrow £83,000 from Santander but has been turned down because of a small amount of Japanese knotweed on a piece of land that he bought recently to extend his garden. Although Mr Williams believes that had this been winter the surveyor would not have noticed, it is likely a diligent surveyor would have seen the dead canes that are evident in the winter.
He could treat the knotweed with a suitable weed killer and eventually it will die with perserverance. Patience is the key; do not be tempted to cut it back or dig it up as the roots will spread even without any leaf. If there is no building work planned on the area, it doesn’t have to be a big problem.
However, if Mr Williams is thinking of developing his garden, then he has a problem as Japanese knotweed can grow through concrete and tarmac. Currently, throughout the British Isles, it is causing the construction industry substantial financial concerns running into millions of pounds in costs to eradicate the dreaded weed.