Question to the Department for Environment, Food and Rural Affairs:

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.

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.