UK Property Law
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The mortgage company instructs a valuer to value the house on their behalf. This is not the same as a survey, it is merely a cursory check of the structure of the building to check that the property is worth, structurally, the price you had agreed to buy it for. If there are other non-structural problems apparent at the time of inspection then the valuer would obviously report these but I doubt he would be able to make an assessment as to whether it is on a flood plain unless he had some personal knowledge of the specific locality.
Your solicitor acts on both your behalf and for the lender. They make a decision over which pre-contractual searches to carry out. If the property is in a rural area with no other houses around then this would increase the desirability of commission an environmental search. This search should, should, reveal whether the property is on a flood plain or not.
If you solicitor did not commission an environmental search you may have a claim against them. If the solicitor did and floodplain was revealed but not reported to you then you will have a claim.
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