Putting the question somewhat crudely, can an allegedly negligent valuer defend his valuation on the ground that everyone else was making silly valuations at the time? .
Action against individual: Law draws line at company directors. Employed surveyors and other professionals, already concerned about the risk of a negligence action taken against them as individuals (see PP…
Mortgaged property is sold at an undervalue: Who can the mortgagor sue for damages?. The question posed above serves as a convenient umbrella for four interrelated questions addressed by the…
L lends £1m to B on the security of Whiteacre, which has been professionally valued by V (engaged by L) at £1.2m.
Q A valuer reports to a lender. Does he fall into error if his 90-day mortgagee sale valuation is the same as his open market valuation?.
Take the case of valuer whose only defence to a lender’s negligence claim is that he made the offending report more than six years before the start of the proceedings.