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Evening Standard
Evening Standard
Vicky Shaw

Regulator examines how flood risk relates to the mortgage market in England

Understanding geographical patterns could help to identify where climate-related risks may have the greatest effect on consumers and mortgage lending if flooding becomes more frequent or severe, the Financial Conduct Authority said (Ben Birchall/PA Archive) - (PA Archive)

Around one in seven mortgage contracts in England are linked to postcodes with some level of flood risk, according to the City regulator.

The Financial Conduct Authority (FCA) said that understanding geographical patterns could help identify where climate-related risks may have the greatest effect on consumers and mortgage lending if flooding becomes more frequent or severe.

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