The impact Climate Change can have on your move

At Pearson Hards, we know that purchasing a home is often the most significant transaction in one's lifetime, prompting buyers to seek solicitors' assistance to safeguard their investment.

In April 2023, The Law Society of England and Wales affirmed solicitors' duty to advise clients on climate change risks. While conveyancers provide search findings, clients must make informed decisions in an uncertain environment. Conveyancers aren't climate change experts but can facilitate data sourcing for clients to consult with experts. Groundsure predicts 2.4 million properties facing climate impacts by 2050, particularly concerning severe weather events like flooding.

Floods can inflict extensive property damage and financial loss, necessitating conveyancers to conduct searches in high-risk flood areas. High-risk findings may impact mortgage offers, indicating the property's safety concerns.

Lenders and insurers are increasingly factoring climate change into property assessments, affecting insurance premiums and mortgage availability. Changing weather patterns influence property desirability and value, especially in flood-prone areas. Extreme heat followed by heavy downpours has escalated subsidence claims, underscoring the need for thorough property surveys.

Our firm conducts recommended environmental searches, including flood risk and subsidence assessments, issuing detailed reports to clients. While not climate change experts, we offer information to aid informed decisions. Homeowners, developers, and authorities must invest in long-term solutions to mitigate flood and subsidence risks posed by climate change.

For assistance with your property purchase, contact our experienced team led by Natalie Goddard, Emily Holland, or Hatice Mustafa at 020 8949 9500. We're dedicated to guiding you through the process and ensuring the best possible choice for your investment. www.pearsonhards.co.uk