We are looking at buying property in Ballina.
Our research suggests the area is 'flood prone' but we have been told by the Council and the trusted land sales agent that the estate has been designed to a 1:100 flood event (which doesnt mean much these days etc) and that the floor level is above the flood level.
The Bank (WBC) tell us that they offer cover for flood as part of their building insurance cover and have provided a quote (which was surprisingly less than what I thought it would be).
Does anybody know what the LMI will say about it being in a flood prone area? The Bank seems OK with it and I have asked them specifically about the LMI.
Our research suggests the area is 'flood prone' but we have been told by the Council and the trusted land sales agent that the estate has been designed to a 1:100 flood event (which doesnt mean much these days etc) and that the floor level is above the flood level.
The Bank (WBC) tell us that they offer cover for flood as part of their building insurance cover and have provided a quote (which was surprisingly less than what I thought it would be).
Does anybody know what the LMI will say about it being in a flood prone area? The Bank seems OK with it and I have asked them specifically about the LMI.