Tag: Flood Risk
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When the Flood Waters Recede, Will Conveyancing Lawyers Face a Deluge of Claims?
While debate in the last couple of years has centered on availability of flood insurance, that conversation will soon turn to the impact of flooding on property values and what solicitors advised clients on flood risk and the availability of flood searches. Because a serious flood event typically drives down the value of a property,…
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Will the Flood Risk Regulations 2009 affect Conveyancing ?
The well timed The Flood Risk Regulations 2009 (FRR 2009) will come into force next week on the 10 December 2009. The FRR 2009 transpose Directive 2007/60/EC on the assessment and management of flood risks (the Floods Directive) into law in England and Wales. The Regulations require lead local flood authorities to, amongst other things,…