Valuation
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UCB Bank plc v David J Pinder plc and another
Valuation of business – Bank making loan as result of defendant’s valuation – Bank’s title to security found to be defective – Bank claiming damages for negligent valuation – Valuers…
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Britannia Building Society v Hallas (t/a Wild & Griffiths)
Plaintiff lender alleging negligent valuation – Defendant valuer applying for leave to amend defence to include allegations of failure by plaintiff to properly assess borrower’s ability to service loan -…
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Wall v Lefever and another
Action against engineer for negligent report – Expert witness conceding opposing expert’s opinion sustainable – Plaintiff withdrawing claim – Surveyor’s legal representatives making application for wasted costs order – Judge…
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Housing Loan Corp plc v William H Brown Ltd and another
Mortgagee receiving application for bridging loan secured by two properties – Mortgagee instructing defendants to value properties – Loan being advanced – Mortgagor defaulting – Mortgagee obtaining possession and selling…
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Arab Bank plc v John D Wood (Commercial) Ltd and others
Bank urgently requiring confirmatory valuation of extensive industrial estate let under a wide variety of tenancies – Earlier valuation of £22m – Defendant valuing at £19m as against “correct” figure…
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Clonard Developments Ltd v Humberts
Plaintiff purchasing property with intention to develop – Plaintiff obtaining first valuation of development when complete – Plaintiff obtaining second valuation from defendant – Plaintiff using defendant’s valuation to raise…
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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
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Costa v Gentra Ltd
Loan secured by legal charge over property and personal guarantee — Creditor demanding repayment under terms of loan — Repayment not made — Creditor appointing receivers and instructing them to…
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Private Bank & Trust Co Ltd v Sallmans (UK) Ltd
Property development — Defendant’s valuer preparing valuation appraisal for developers — Plaintiff lender proposing to advance money on basis of valuation — Report presented at time of falling rents –…
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MAES ECP No 1 plc v Stimson
Residential property — Valuation report carried out by the defendant firm — Plaintiffs advancing money to borrower on basis of report — Plaintiffs having to repossess and sell at considerably…
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Nightingale Finance Ltd v White & Co
Alleged negligent valuations – Valuer addressing reports to small consortium of companies without identifying plaintiff company as prospective lender – Whether parties in sufficient proximity to give rise to a…
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Costa v Gentra Ltd
Loan secured by legal charge over property and personal guarantee – Creditor demanding repayment under terms of loan – Repayment not made – Creditor appointing receivers and instructing them to…