New tool for agents “to assess climate change risk”

A new tool is being marketed by industry supplier Landmark with the claim that it helps agents “assess climate change risk.”

The new report service details flood risk, subsidence, heat stress and coastal erosion, as well as EPC energy performance. 

It is based on UPRN property references which will apparently allow the report to provide an overview of future risk, as well as advice and recommendations for how to best approach environmental risk. 

A statement from the Landmark Information Group says: “With The Law Society guidance on climate change expected to be released this year, it’s likely that conveyancers will be guided to include future climate risks within their due-diligence processes and we expect this to become an increasingly important consideration.” 

The firm continues: “This supports the company’s overarching ambition to help the property industry improve and modernise transactions and resolve increasingly complex concerns with greater certainty.”

A Landmark spokesperson says: “With flood risk currently identified to affect 5.4m properties in the UK, the impact of climate change on property transactions and investment is undoubtedly concerning many property professionals and their clients. Therefore,it’s essential that everyone plays their part in gathering authoritative information to provide clients with guidance on the potential future risks and options to mitigate them. 

“Ultimately, in keeping with Landmark’s own commitment to Net Zero, this product will help provide much-needed clarity and support for property professionals and investors looking for a robust and easy-to-understand way to assess and communicate climate change risk.”

The report service is also being marketed to landlods and home buyers.