Bank defends its rejection of loan due to knotweed

A bank that refused a homeowner a remortgage after seeing Japanese knotweed growing in his flower bed has defended its decision.

Santander was forced to justify itself after Dave Williams made news headlines for being refused an £83,000 loan following a survey.

Williams said officials told him that knotweed posed a risk to the structure of the building and could make it hard to sell the home or even unsaleable.

"It's crazy," he was reported as saying. "We should use some common sense. It is an intensive weed but all I've got is half-a-dozen sticks barely two-foot high.

"If I had a survey done in the winter I would have been OK because it only comes up in the spring and summer," added Williams, based in St Austell, Cornwall.

A Santander spokeswoman said: "The refusal of mortgage applicants if knotweed is deemed a threat to the property is standard across the industry and not only applicable to Santander."

However, a representative from the RHS was quoted as saying that knotweed is a nuisance, not a problem. "Japanese Knotweed might be a problem on land being developed, but in an ordinary domestic residence it is more of a nuisance than a real problem," they confirmed.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next



Masses of colourful tubular flowers can give these plants a substantial presence in the border, says Miranda Kimberley.

Tomorrow's tractors

Tomorrow's tractors

These machines have advanced rapidly over recent years but what does the future hold? Sally Drury looks ahead.

Tractors - Maintenance models

Tractors - Maintenance models

The tractors chosen by professionals across the sector reflect the best features, backup and support on offer, says Sally Drury.

Horticulture Jobs
More Horticulture Jobs

Industry Data

An exclusive report for HW subscribers revealing the key development trends, clients and locations for 2017.

Are you a landscape supplier?

Horticulture Week Landscape Project Leads

If so, you should be receiving our new service for Horticulture Week subscribers delivering landscape project leads from live, approved, planning applications across the UK.

Landscape Contracts & Tenders

Products & Kit Resources

BALI National Landscape Awards 2016

Read all about the winning projects in the awards, run in association with Horticulture Week.

Noel Farrer

Founding partner of Farrer Huxley Associates Noel Farrer on landscape and green space

Read Noel Farrer