Future Climate Info to offer first-of-its-kind air quality property risk reporting

Future Climate Info to offer first-of-its-kind air quality property risk reporting

FCI partners with EarthSense to include detailed air pollution data in all environmental risk reports for residential and commercial property transactions

Homebuyers and property investors will now be able to access detailed information on a property’s surrounding air quality from Future Climate Info (FCI), the environmental risk analysts.

For the first time, a UK environmental report for risk assessment of property transactions will include data on nearby Nitrogen Dioxide (NO2) levels, using EarthSense’s MappAir® dataset – the UK’s first and only air quality dataset at 100m resolution.

The new air quality data within FCI products will enable conveyancers and solicitors to provide their clients with a comprehensive assessment and guidance on all environmental risks including flooding, ground stability, environmental, and energy and infrastructure factors in a single report.

A recent survey by Economic Insight found that 37% of homebuyers chose their solicitor based on a recommendation – highlighting the business benefits of offering clients valuable insights and cost-effective services to help inform their property buying decisions.

Air quality has fast become one of the UK’s most pressing issues. Scientists estimate as many as 40,000 Britons die as a result of air pollution each year1, while the High Court recently judged 45 Local Authorities to be unlawfully2 breaching safe levels of NO2.

High resolution pollution mapping

Each FCI report will give the specific property and its surrounding area a rating from the EarthSense NO2 Air Quality Index, which assesses average NO2 levels at 100m resolution as a result of vehicle emissions and other sources.

Each report will give a clear index rating from 0 (a generally clean environment with very low chance of average NO2 levels exceeding annual legal limits) to 6 (polluted environments with major implications for human health).

Any rating of 3 and above means an area is likely to see NO2 levels exceed annual legal limits, worsening at peak traffic times and in stagnant weather conditions. Studies point towards minor long-term health conditions for people spending long periods in these conditions. MappAir® data suggests 1% of postcodes in England and Wales fall into this category, while FCI’s analysis suggests that 3% of property transactions in 2017 took place in these areas.

Air quality data will be available as part of all FCI reports on residential and commercial property transactions from 30 April 2018.

Geoff Offen, Managing Director of Future Climate Info, comments:

“We’re delighted to have struck up a first-of-its-kind partnership with EarthSense to be able to offer homebuyers and property investors the best, high resolution air quality data available.

“This is another example of FCI working to enhance the market and add value for conveyancers at no extra cost, while collaborating with the best of the best to develop new solutions. We’re constantly adding new datasets to address emerging environmental risks and once again we’re leading the way in enabling conveyancers and property professionals looking to respond to this consumer concern.

“We believe all property buyers have the right to access as much information as possible about their chosen home or property investment. Air quality affects where we live as well as where we work so it’s now becoming more important for property buyers and investors alike.”

Tom Hall, Managing Director of EarthSense, comments:

“We are delighted to be working with FCI, a truly innovative company. FCI really understand how important it is to inform and raise homeowner awareness about the long-term health impacts of air pollution and how this may influence where you choose to live. This information becomes even more critical when considering a new home if the purchaser has children or any health condition sensitive to air pollution.

This article was submitted to be published by Future Climate Info as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

Future Climate Info

http://www.futureclimateinfo.com/

 

 

 

 

 

 

 

Future Climate Info (FCI) provides a range of Environmental Search Reports and Consultancy services for Conveyancers and Solicitors acting in Commercial or Residential property transactions.

Our reports include a robust assessment of the following risks:

  • Environmental, including contaminated land, air quality and radon
  • Flood Risk
  • Ground Stability
  • Energy & Infrastructure
  • Planning

Since launching in 2014, FCI has delivered many firsts for the industry and prides itself on driving positive change. Through constant innovation, we strive to give conveyancers and their clients access to the most up-to-date, clear information to enable them to make informed purchase decisions. Among these step-changes include being the first to:

  • Provide shorter yet fully comprehensive reports - Clearer results, saving time and paper, with ‘Next Steps’ highlighted on the front page of the report.
  • Add air quality trend data - Reflecting the greatest health risk to urban homebuyers today.
  • Use Land Registry title extents - For accurate risk analysis and fewer ‘Further Actions’.
  • Use exception reporting - Focusing on the specific issues without the padding.
  • Launch Intelligent Data Capture – Identifying schemes that could be missed in traditional searches with FCICapture Technology and dynamic search buffers.
  • Include free remediation cover - With all passed residential searches and passed FCI Retail commercial property searches, for 6 years, up to £100,000.
  • Launch a dedicated report for small retail properties - Responding to specific needs with a great value risk assessment.
  • Raise the bar on historical land use mapping – A comprehensive view of a site at superior quality resolution (up to four times greater than the market standard), for a clearer interpretation of the risks.

Why Choose FCI?

Complete solutions and actionable advice: This is central to our ethos at FCI. From the full professional risk assessments across all sections of our reports, to the expert consultancy services provided by our dedicated Risk Team and the specialist next-step solutions delivered in collaboration with industry experts, we assess the risks in granular detail, providing expert advice and analysis to help fuel and empower decision making.

Consumer Protection: We protect the best interests of the homebuyer, helping you to support your client. FCI is the only search provider regulated by the Royal Institution of Chartered Surveyors (RICS), and are Executive Members of CoPSO, regulated under the Search Code by the Property Code Compliance Board (PCCB) and The Property Ombudsman.

Expert Risk Interpretation: Our in-house team holds a unique combination of environmental, property and surveying qualifications, including MRICS, CEnv and C.WEM Charterships, ensuring you can be confident in the advice we offer.

Make sure your clients get the benefit of our smarter, clearer, more concise reports and solutions. Speak to your reseller or visit www.futureclimateinfo.com for more information.

Contact: Future Climate Info
Tel: +44 (0) 1279 798 111
Email: [email protected]

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