Valuation
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Chelsea Building Society v Goddard & Smith and another
Valuation — Negligence — Building society making loan on basis of valuation — Back-to-back sale — Mortgagee defaulting — Valuers giving over-valuation and providing false certification — Solicitors to building…
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Cavendish Funding Ltd v Henry Spencer & Sons Ltd
Valuation of property for mortgage purposes – Lender obtaining two valuations – Lender selecting higher valuation as basis for loan – Borrower defaulting – Lender claiming damages for negligent valuation…
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UCB Bank Plc v Alder King (1986) and another
Plaintiff bank lending £4m in 1989 on four properties valued by defendants at £6.23m – Bank dispensing with standard credit checks on borrower – Judge holding one property negligently overvalued…
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Tenenbaum v Garrod
Valuation — Valuation used as bargaining tactic — Plaintiff losing bargain — Valuation too low — Whether reliance on valuation
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Platform Home Loans Ltd v Oyston Shipways Ltd and others
Loan made in reliance on negligent valuation – Judge finding lender contributorily negligent – Whether damage overall transaction loss or part of overall loss attributable to negligent valuation – Law…
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Omega Trust Co Ltd and another v Wright Son & Pepper and another
Valuation – Valuer producing report for client bank – Report including disclaimer – Bank relying upon valuation before granting loans secured on properties valued – Bank introducing second lender and…
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Midland Bank plc v Douglas Allen
Contributory negligence – Plaintiff bank granting further facilities following gross over valuation of factory – Failure on last occasion to obtain agreed additional security – Whether prudent lender test to…
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Morgan Sindall plc v Sawston Farms (Cambs) Ltd
Plaintiff exercising option to acquire narrow strip adjacent to development site with view to securing access – Price determined by valuer in default of agreement at £130,000 – Plaintiff about…
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Tipton & Coseley Building Society v Collins and another
Building society mortgage — Mortgage payments fell into arrears — Possession order obtained against mortgagor — Valuation report obtained by society for mortgage purposes alleged to be negligent — Whether…
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Craneheath Securities Ltd v York Montague Ltd
Hotel — Loan secured by charge on property — RICS guidance notes — Whether valuation negligent — Valuer not shown to be negligent — Action dismissed in High Court –…
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Saddington v Colleys Professional Services
House owned jointly by husband and wife — Remortgage — Property allegedly overvalued for mortgage purposes — Part of loan applied to husband’s business — Business failed — Plaintiff claiming…
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Die Sparkasse in Bremen v CS Lawrence and another
Alleged negligent valuation – Defendant valuer reporting to bank providing finance for development – Developing company requiring finance from plaintiff – Whether defendant owing duty of care to plaintiff -…