First Time Buyer's Mortgage Rejected Due to Invasive Plant Next Door
DAMARISCOTTA, JUL 16 – The Damariscotta Land Trust seeks volunteers to manage invasive species like Japanese knotweed, which can reduce property values by 5% and cause disputes, experts say.
- Greater Manchester’s Bolton has emerged as the region’s knotweed hotspot with 1,494 recorded cases, during peak summer growth, Emily Grant said.
- The plant’s underground rhizomes can extend up to seven metres horizontally and three metres deep, making it notoriously difficult to remove without specialist treatment.
- A 2023 DEFRA report estimated the annual cost of tackling knotweed at nearly £250 million and warned of broader impacts, including a five per cent property value drop from untreated infestations, according to Emily Grant.
- Terry Fisher advised prospective homeowners to check for knotweed in adjacent properties, saying `If Japanese knotweed is present, I would seriously reconsider the purchase.`
- Validating sightings, Emily Grant said, `By mapping verified sightings, we’re helping people understand the level of risk in their local area and encouraging early identification and treatment`, aiding vigilance during peak knotweed growth.
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20 Articles
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First time buyer's mortgage rejected due to invasive plant next door
One house hunter had their mortgage rejected due to Japanese Knotweed on a neighbouring property.
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