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Negligent Valuation: Valuation issues
Recent case law highlights the growing number of claims being brought by lenders against valuers in the downturn. Peter Levaggi investigates ‘Valuers face substantial difficulty in attempting to arrive at a market value in circumstances where very little market exists.’ The volatile property development sector has led to increased pressure on surveyors. The problem arises …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Capital Home Loans Ltd v Countrywide Surveyors Ltd [2011] PLSCS 237
- K/S Lincoln v CB Richard Ellis Hotels Ltd [2009] EWHC 2344; [2010] EWHC 1156 (TCC)
- Legal & General Mortgage Services Ltd v HPC Professional Services [1997] PNLR 567
- Marklands Ltd v Virgin Retail Ltd [2003] EWHC 3428 (Ch)
- Merivale Moore plc v Strutt & Parker [1999] 2 EGLR 171
- Paratus AMC Ltd & anor v Countrywide Surveyors Ltd [2011] EWHC 3307 (Ch)
- South Australia Asset Management Corp v York Montague Ltd [1996] UKHL 10