We have all seen that floods have dominated the headlines this winter. It is said that in the region of 15,000 homes have been flooded with estimates that the cost of claims from home-owners and businesses will amount to £1.3 billion pounds.
The government has estimated that some five million properties in England are at risk of flooding and that the yearly cost of damage to properties from flooding could rise from £1.2 billion in 2012 to between £2.1 billion and £12 billion in 70 years’ time.
It has been found that many of the homes flooded as of late have suffered similar problems before and unless something changes they will again in the future.
So, in our opinion we believe that when viewing properties it would be prudent to ask whether the property has been flooded at any point in the past to the sellers knowledge.
With the current climate not looking to change for the better, the more information you have in and before proceeding with your new home purchase the better.