Floods: Mortgages

Department for Environment, Food and Rural Affairs written question – answered at on 19 September 2023.

Alert me about debates like this

Photo of Emma Hardy Emma Hardy Shadow Minister (Flooding, Oceans and Coastal Communities)

To ask the Secretary of State for Environment, Food and Rural Affairs, whether she has made an assessment of the impact of costal flood risk on the availability of mortgage offers.

Photo of Rebecca Pow Rebecca Pow The Parliamentary Under-Secretary of State for Environment, Food and Rural Affairs

The Flood Re scheme enables insurers to offer affordable insurance for households at risk of flooding, including coastal flooding. This includes buildings insurance which is a condition of most mortgage offers.

In 2022/23, Flood Re provided cover for over 265,000 household policies. More than 500,000 properties have benefitted since the scheme’s launch. Flood Re is available via more than 85 insurance brands representing 94% of the home insurance market.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.