Japanese Knotweed is a highly invasive destructive plant that can grow through retaining walls, foundations and drainage pipes causing structural damage, blocked drains and flooding. Insurers are concerned about the damage that this plant can cause.
properties with japanese knotweed will be difficult to sell
Due to concern about the risk of property damage some lenders have reviewed their policies in relation to Japanese Knotweed which has resulted in a number of loans being declined. Some refusals were occurring because Japanese Knotweed was identified on neighbouring land.
japanese knotweed will reduce the value of your home
If surveyors identify Japanese Knotweed on your property this will be reflected by a reduced valuation.