Sunday, March 14, 2010
Jeepers Creepers
Mortgages refused over invasive weed
Sellers have been forced to spend thousands of pounds eradicating Japanese knotweed from their land after finding their homes had become virtually unsellable because potential buyers were being turned down for mortgages. In some cases, banks have even refused to lend on properties where the plant has been found growing on neighbouring land.
Posted by dill @ 09:35 AM (1463 views)
7 thoughts on “Jeepers Creepers”
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paul says:
I know estate agents are pretty replusive characters, but calling them invasive weeds is a bit harsh.
martin says:
“Katrina Taylor, 49, and her husband Stuart, 48, from Mountain Ash, Mid Glamorgan, Wales, had hoped to sell their three bedroom terraced house to their son Darren earlier this year.”
So the bank of Mum and Dad is starting to act like all other banks and fleece who ever they can ……………. hehe, nice!
stillthinking says:
If you are going to get the introduction of a foreign species wrong, much better to introduce a very small one, rather than something obvious like rabbits.
Crunchy says:
The foolish finally get weeded out. Is this a growing concern?
tenant super says:
This weed is incredibly invasive. I used to work in a mansion in Hampstead converted into offices and we had to spend £25k on removing kotweed from the garden and at the time I commented on how this could be used to attack nimby neighbours!
Open Minded says:
Japanese Knotweed is no laughing matter having dealt with it personally. If you get any ideas about spreading it, then don’t – your’re just as likely to tranfer the spores to your own grounds as you are to anyone elses.
Unless offourse you’re a tenant and don’t own your own pad and so don’t care if this ‘orrible weed starts shooting up.
Topher Bear says:
Interesting. Mortgage companies are looking for any excuse not to lend! How long can the charade of high house prices go on!