Could the risk of flooding affect buying a home?

After devastating recent storms across the country caused widespread flooding, official figures have revealed that one in 10 of all new homes in England since 2013 have been built on land at the highest risk of flooding.

The number of properties built in high-risk areas annually has more than doubled in recent years, with more than 84,000 new at-risk homes in total since 2013.

If you are thinking of buying a home, it is important to consider flood risk with any property you plan to purchase.

The importance ofestablishing flood risk early

For anyone buying a home, it is vital you consider any potential risk of flooding at an early stage.

You should think about any possible impact when you come to sell the property as a history of flooding or high insurance premiums could affect your chances of selling the property in the future.

How can you find outabout flood risk?

A good starting place is to speak to the sellers of the property and ask if any part of the property or the surrounding areas have ever flooded.

If you continue with the purchase, your conveyancer will raise specific enquiries regarding flooding and can carry out a flood risk report which will assess:

• How likely it is that the property will suffer from flooding in the future.
• The level of risk there is that the property may be flooded on a scale of minimal to high.
• Surface water, groundwater, coastal and river flooding.

Your conveyancer canprovide the advice you need

The most important thing when buying a home is to speak to your conveyancer about any concerns you have.

Your conveyancer can provide advice on the searches that will need to be carried out to ensure you have as much knowledge as possible about the property you are purchasing.

Contact FarnworthRose for a clear cut conveyancing quote

To receive your clear cut conveyancing quote from the dedicated conveyancers at Farnworth Rose, click the button below and complete our quick quote calculator.

 

Or, you can call our experts today on 01282 695 400.