Client Care Letter: Flood and Floodview

Introduction

There are many risks that can affect your property which should be investigated fully ahead of exchange of contracts. 

It is the policy of our firm to ensure that we provide detailed due diligence to protect the interests of both you and your lender on your proposed property purchase. Flood/Floodview ensures we comply with Law Society guidance on flood risk.

As part of our range of searches we will order a Groundsure Flood/Floodview to identify whether there are any specific risks relating to the issues of river, coastal, groundwater or surface water flooding. The report provides detailed information and a professional opinion.

Flooding

Flooding can occur from a variety of sources including surface water, and you don’t have to live near a watercourse to be affected. In England and Wales 5.9 million residential properties are at risk of flooding and over 300,000 commercial premises, with the average cost of flood damage being £28,000. Buildings insurance in flood prone areas may be more difficult to obtain. A flood search will highlight the risks from river, coastal, surface water and groundwater flooding as well as any flood defences and historic flood events, and should give you an indication of whether insurance will be available and affordable.

Next steps

Where a potential risk is identified or next steps are provided we recommend including those in your report on title.