Flood risk are issues

alibuzy

Hi

I'm looking for some advice as me and my husband want to buy a house, we applied for a mortgage with Halifax but when we were looking to get an insurance for the house they said they can't help us as it is in a flood risk area.
It never flooded there before and the environmental agency said is a low flood risk area with under 0.1% chances to flood. It was hard to find other insurance companies and the quote we got is quite high.
We don't know what to do know, if we should buy it or to give up.
We are afraid that in a few years we will have problems when we want to sell it and that the insurance will not go down.
We are first time buyers and we don't know much about this things.
Please let me know what you think.

Thank you

Davesnave

If it 'never' flooded before, how long ago is never and how do you know for sure?

The Environment Agency maps deal with the risk of flooding from rivers and the sea, but there are other types, such as surface water flooding which occurs during sudden heavy rain and doesn't involve the usual watercourses. Perhaps that has happened in the past?

That said, sometimes insurance companies need more information to accurately judge a risk. For example, a house can be close to a river and in the same postcode as houses that have flooded, yet because of its elevation, it would have little chance of flooding.

Have you not asked for more details about the risk that the insurers are seeing here, and you aren't?