Duty of care
Language: English Series: Estates Gazette Case Summaries ; [1997] EGCS 138 (1/11/97)Publication details: 1997Subject(s): Summary: "Secured Residential Funding plc v Nationwide Building Society" QBD 21 October 1997. A lending company (S) instructed the defendant (N) to do residential valuations of properties offered as security. A loan of £340,000 made. The borrowers defaulted and the property was sold at a much lower price than the valuation. S alleged that N`s valuation had been negligent. A hearing sought to establish whether the N owed a duty of care for its valuation report and whether, if so, the N could rely on its disclaimer notice to avoid liability. Judgment for N.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | WB3343-25 (Browse shelf(Opens below)) | 1 | Available | 81941-1001 |
"Secured Residential Funding plc v Nationwide Building Society" QBD 21 October 1997. A lending company (S) instructed the defendant (N) to do residential valuations of properties offered as security. A loan of £340,000 made. The borrowers defaulted and the property was sold at a much lower price than the valuation. S alleged that N`s valuation had been negligent. A hearing sought to establish whether the N owed a duty of care for its valuation report and whether, if so, the N could rely on its disclaimer notice to avoid liability. Judgment for N.