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Negligent Valuations: Welcome news for lenders
Defaulting borrowers and shortfalls from subsequent sales have become increasingly common in the current property market. Who is responsible for these losses? The negligent valuer, or the lender itself? Nicola Stanley investigates The decision will be welcomed by lenders and it will potentially assist with the resolution of many outstanding claims.Following the combined effects of …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Blemain Finance Limited v E.Surv Ltd [2012] EWHC 3654 (TCC)
- Redstone Mortgages Ltd v Countrywide Surveyors Ltd [2011] 3 EGLR 153
- Webb Resolutions Ltd v E.Surv Ltd [2012] EWHC 3653 (TCC)