An estimated 0.5m properties transacted in 2015 without a flood risk search
During 2015, approximately 456,000 property transactions in England and Wales did not factor flood risk into their purchase, according to calculations from location intelligence specialists Groundsure*. Flood risk is a major issue in the UK, especially in recent months where vast areas of the country (particularly Yorkshire, Lancashire, Cumbria and Greater Manchester) have experienced extensive […]
Flood checks set to be standard for property purchases
Environmental searches to identify risk of flooding when purchasing a house are set to become standard, reveals SearchFlow, conveyancing search provider. With the scale of devastation from flooding witnessed recently, SearchFlow’s latest quarterly survey reveals that 75% of conveyancers now believe detailed checks on flood risks will become a default search prior to purchase. Only […]
Will recent sales of Offered Blocks affect properties in your local area?
In July 2014 the Oil and Gas Authority (OGA) – a new executive agency sponsored by the Department for Energy and Climate Change (DECC) – announced the opening of the 14th round of onshore licensing. During this process, hydrocarbon operators such as Cuadrilla are able to bid for areas to explore and extract oil and […]
New partnership provides risk assessment solution to tackle UK’s ground instability
Terrafirma Mine Searches Ltd (Terrafirma) and Geoterra Ltd have announced a new partnership to extend their mine and mineral extraction search and investigation services to the UK’s property and construction sectors. Terrafirma, experts in mine and mineral extraction search reporting and Geoterra, industry leaders in subsurface laser scanning surveys of voids, cavities and sink holes, […]
