As the UK’s sixth-largest building society, Principality Building Society will gain greater insight into the potential impact of climate change on its portfolio having signed up to this new Climate Change Risk contract with Hometrack, the leading insight and intelligence provider to the UK mortgage market.
As well as gaining this greater view of risk, Hometrack will also support the building society in its ongoing work to meet regulation from the Bank of England.
Hometrack's Risk Insights draws on data from both Ambiental and Terrafirma and will assess the risk of climate change on PBS's portfolio in the near term, and how that risk will change over time. This will ensure the building society has the best data insights to plan and mitigate the potential impacts from climate change risks in the future.
Rob Carling, Ambiental's Channel Sales Manager said, "It has been a busy few months for the Hometrack partnership with Principality Building Society joining Leeds Building Society, signing up in July and Yorkshire Building Society in August. It has been quite a journey since Ambiental launched FloodFutures in 2017, the first national climate change flood model in the UK. Now an increasing number of banks, building societies and specialist lenders are using our data to mitigate the impact of climate change on their portfolios and operations.”
For more information, contact Rob Carling, Channel Sales Manager,
Discover what Ambiental’s risk database of all UK properties is revealing about the current and future risk to properties built since 2009
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