Overvaluation
Language: English Series: Estates Gazette Case Summaries ; (1995) EGCS 21(1) (18/2/95)Publication details: 1995Subject(s): Summary: "BFG Bank AG v Brown & Mumford Ltd" QBD 2 February 1995. The surveyors admitted negligence in overvaluing a development site but contended that the bank was contributorily negligent in lending on a speculative development in breach of its own lending guidelines. Held, the bank was entitled to rely on the valuations and advice that planning permission was likely.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | WB3108-44 (Browse shelf(Opens below)) | 1 | Available | 9732-1001 |
"BFG Bank AG v Brown & Mumford Ltd" QBD 2 February 1995. The surveyors admitted negligence in overvaluing a development site but contended that the bank was contributorily negligent in lending on a speculative development in breach of its own lending guidelines. Held, the bank was entitled to rely on the valuations and advice that planning permission was likely.