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will you buy a house at risk of flooding

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Comments

  • BobProperty
    BobProperty Posts: 3,245 Forumite
    1,000 Posts Combo Breaker
    Woby_Tide wrote:
    I remember trying to get insurance on our current place with our previous insurers, one question was 'How far above the water are you?"

    right now?
    or when it's very wet? during a drought? when the tides in? should I call back tonight at low tide, will it be cheaper?
    You should only use a cordless phone when in your swimming pool. :rotfl:
    A house isn't a home without a cat.
    Those are my principles. If you don't like them, I have others.
    I have writer's block - I can't begin to tell you about it.
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  • susieb
    susieb Posts: 1,512 Forumite
    1,000 Posts Combo Breaker
    My insurance did not load the premuim at all, even though we are lower at high tide. Some insurers did ask if we where within 250 metres of a river - err just a bit LOL, how about 3 metres!! But most seem to use the EA stats and according to them its okay!!!
    Always on the hunt for a bargain
  • black-saturn
    black-saturn Posts: 13,937 Forumite
    10,000 Posts Combo Breaker
    It depends on what you mean by a risk of flooding. Has it actually flooded in the past? My house has a flood risk on it but it has never flooded and it's 125 years old. The house next door is set lower than mine and you have to walk down about 4 steps to get into it and that has flooded. I think because I have the same postcode as next door they consider this one to be a flood risk. The up side to it is I got it dirt cheap (£38,000) and was able to pay my mortage off in 2 years. The down side to it is insurance is very high if you can get it at all.
    2008 Comping Challenge
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  • MJMum
    MJMum Posts: 580 Forumite
    right now? or when it's very wet? during a drought? when the tides in? should I call back tonight at low tide, will it be cheaper?
    :rotfl: :rotfl: :rotfl:
    Don't see the point anymore in offering advice to people who only want to be agreed with...
  • No.

    If you are asking yourself this question any future buyers when you try to resell will also be asking themselves the same question.
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