Odmówiono jej kredytu hipotecznego, bo nie ma rdestu japońskiego
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Story from Jam Press (Japanese Knotweed Property)
Pictured: The Japanese knotweed found in the surrounding alleyways.
Woman gets mortgage denied because of Japanese knotweed that ISN'T on her property due to bizarre law
A woman has revealed how she was denied a mortgage due to a common plant that wasn’t on her property.
Lisa Best, who purchased her first home, at the age of only 23, has always been an “absolute saver” and was brought up with a frugal mindset toward money.
The 42-year-old, from Manchester, became inspired to get into property after graduating from university and renting out a flat close to work – but was eager to put money in her own pocket, rather than someone else’s.
Now, the investor has a portfolio worth £750,000 – however, it’s not all been smooth sailing, with the mum claiming she was once denied a mortgage due to a bizarre law relating to Japanese knotweed, a fast-growing plant that weakens buildings and structures.
“I renovated a property [a few years ago] and there was evidence of the plant in the surrounding alleyways, which wasn’t picked up when I initially bought it,” Lisa told AbsolutelyBusiness.com.
“I later wanted to re-mortgage, but as it can’t be within seven metres of a home in order to get approved for the loan, they denied my application.
“It was nerve-wracking, as I had never experienced this before and the worst-case scenarios kept running through my mind.
“I thought I’d have to sell the property – and worse, if I was able to even sell it due to this – but I acted straight away to try and sort it out.”
Lisa got a specialist to professionally treat the growth and showed certification of this as evidence to her mortgage lender, who approved her for the loan.
She said: “It’s not necessarily ‘game over’ if you do get refused a mortgage.
“It was a bit of a back-and-forth battle to see if they would accept, as there was no guarantee the certification would be enough.
“If
2024-01-18
Jam Press/East News
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