header-logo header-logo

Flood warning

30 November 2012 / David Mole
Issue: 7540 / Categories: Features , Property
printer mail-detail
hires_5_4

What do property owners expect of flood risk assessments, asks David Mole

A recent survey has revealed that 55% of property owners in the UK expect solicitors to automatically investigate a property’s flood risk as part of the conveyancing process. Furthermore, the survey, commissioned by Landmark Information Group, has highlighted that only 42% of people actually investigated the flood risk before buying their home, despite 80% of UK homeowners stating that they would not buy a house that was at risk of flooding (OnePoll survey, August 2012).

Presently, five million homes across the UK are at risk of flood, with at least 200,000 homes at significant risk. With the average insurance claim totalling £30,000, potentially £6bn could be required to be paid out to flood victims. As revealed in the government’s Climate Change Risk Assessment, however, these figures are set to rise as our climate changes. Government climate change advisers have warned that protecting against floods of the kind seen this summer across the UK will cost at least £860m by

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Artificial intelligence may be revolutionising the law, but its misuse could wreck cases and careers, warns Clare Arthurs of Penningtons Manches Cooper in this week's NLJ
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
back-to-top-scroll