The following Environment practice note provides comprehensive and up to date legal information covering:
The Law Society first issued its practice note on flood risk on 23 May 2013 due to the increasing risk properties face from flooding and the knock on effects it can have in obtaining a mortgage, insurance cover and in selling the property. The practice note was updated:
on 18 December 2014 to address changes proposed to the Flood Re insurance scheme, and refer to new flood maps published by the Environment Agency (EA), see News Analysis: Updated Law Society practice note on flood risk, and
on 10 February 2016 in preparation for the Flood Re insurance scheme commencing in April 2016, and to account for insurance changes to the CML handbook
on 31 January 2020 as a result of increasing concern about flood risk for property owners as a result of climate change
As solicitors are not qualified to give advice on flood risk or interpret technical flood reports, the practice note aims to provide solicitors with information to help clients investigate these matters.
The practice note is not legal advice and is not intended to be the only standard of good practice that solicitors can follow. Although solicitors are not required to follow the guidance, it is advisable to do so.
The practice note highlights some statistics on flood risk, including the EA's estimate that 5.2 million homes and businesses
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