Just got all the searches and report for our new home (hopefully) and it's thrown up that the road is in an area of Very High Risk of surface and groundwater flooding.
Mortgage valuation didn't pick it up, but I don't know how I missed checking it on the gov site before reserving the plot and I'm kicking myself for not being more thorough, but hey ho- we're here now. It's new build so no idea if it's flooded before so I don't know what to put for insurance quotes.
The developer says they've added drainage systems to satistfy a 1 in 100 year flood and 40% climate change, which was accepted by the planning permissions office and part1 of the development have been living there 2 years with no issues that I'm aware of (I've messaged some current residents to ask more specifically).
It's made me a bit shaky on what I previously thought was a near dream home for the next stage of life (could see family there 10 years or so).
I don't want to throw an amazing home away all in for what could be a small risk- but equally, VERY HIGH flood risk sounds scary, and floods isn't to be taken lightly as once we're in we cant' do much abouti it.
Also no idea what to search to ensure we get the right insurance.
Anyone live in a high risk surface water area? How bad is it?
Any reccomendations for insurance companies which take new builds in surface flood areas?
Is this an absolute no go in terms of re-sale-ability?
help welcomed.