Property Crisis Looms as 430,000 Britons to Become 'Climate Mortgage Prisoners' Due to Flooding

Property crisis looms as 430,000 Britons to become 'climate mortgage prisoners' due to flooding

A new report warns that up to 430,000 households across England face the prospect of becoming "climate mortgage prisoners" by 2050 as flooding risks intensify.The research, titled Flooding the Market: The Climate Mortgage Trap, was produced by Public First on behalf of the UK Sustainable Investment and Finance Association (UKSIF).According to the findings, homeowners in flood-vulnerable areas risk finding themselves stuck with properties they ca…

Over 400,000 homeowners could be "climate mortgage prisoners" by 2050, data finds

Public First, working with the UKSIF, revealed that Boston and Skegness were highlighted as having the highest concentration, with 8,650 at-risk mortgaged homes.

Flooding in England predicted to create 430,000 ‘climate mortgage prisoners