Gain Greater Knowledge About Flood Risks
These reports provide an accurate and comprehensive flood risk assessment for commercial properties which help to avoid potential costs and any inconvenience in the event of flooding.
It is reported that as many as 3,000 commercial properties flooded in England and Wales during the winter of 2013/2014, which means that getting a Flood Search report is an increasingly important concern. The CML (Council of Mortgage Lenders) comment: “It is a standard condition of all mortgages for the property to be covered by standard buildings insurance, including flood cover, for the full term of the contract to protect the borrower and the lender. If insurance is not available, then it is unlikely that the property will be mortgageable.” Commercial Flood reports from Searches UK provide clear and concise information about a number of flood risks, including surface water (pluvial), ground water and other more. There is no doubt that flooding is becoming more of a concern for property owners and it is therefore increasingly important to protect your clients and ensure this type of report is always included within a standard search pack. These Commercial Flood reports will provide your clients with greater knowledge of any risk posed to their potential new purchase before they proceed further with their transaction. Searches UK offer a wide choice of Commercial Flood Searches, including Groundsure Floodview, Groundsure Screening, Sitecheck Flood from Landmark and the Future Climate Info Flood Report.