Groundsure has brought out a climate analysis module that will better assess physical risks from climate change over different timeframes, helping lenders and conveyancers who use the firm.
ClimateIndex analyses data and then translates that into risks climate change may pose to a property and gives an overall score for the effect on a property over one, five or 30 years.
This includes risks around flooding, ground subsidence and coastal erosion.
The module will be included in Groundsure’s main residential and environmental search reports, which are typically used by conveyancers in their buyer search reports.
Lenders can also access the data and the accompanying analysis and interpretations through Groundsure’s valuation network through Siteguard.
Groundsure currently provides climate date to Santander, Barclays, RBS and Natwest.
Dan Montagnani (pictured), chief executive of Groundsure said: “Thanks to the Bank of England, the Prudential Regulation Authority, forthcoming new guidance from the Law Society and lenders, property lawyers will soon be required to report on risks posed by climate change.
“This is why we have developed ClimateIndex. It portrays data clearly and concisely, making it simple for property lawyers to advise clients on property transactions and allow people to make better decisions.”
He said that ClimateIndex was provided at no extra cost in its key residential and commercial searches and should ensure lawyers are climate compliance-ready.
“It is the first inclusive climate data that has been added to conveyancing search reports to meet future compliance requirements,” Montaganami added.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
