Negligent valuation.
Series: Estates Gazette Case Summaries ; [1999] EGCS 109 (1)Publication details: 1999Subject(s): Summary: Mortgage Corporation v Lambert. ChD 19 July 1999. The claimants had advanced a mortgage on a property valued at £250,000 by the defendant firm. The borrowers later fell into arrears on their mortgage repayments and the property was repossessed. Valuers appointed by the claimant submitted a retrospective valuation putting the 1990 value at £150,000. The claimant later sold the property for £100,000, and issued a writ against the defendant for negligently overvaluing the property. The claimant relied on the Limitation Act 1980 s14A. Held the limitation defence failed on the 14A issue.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3530-40 (Browse shelf(Opens below)) | 1 | Available | 102094-1001 |
Mortgage Corporation v Lambert. ChD 19 July 1999. The claimants had advanced a mortgage on a property valued at £250,000 by the defendant firm. The borrowers later fell into arrears on their mortgage repayments and the property was repossessed. Valuers appointed by the claimant submitted a retrospective valuation putting the 1990 value at £150,000. The claimant later sold the property for £100,000, and issued a writ against the defendant for negligently overvaluing the property. The claimant relied on the Limitation Act 1980 s14A. Held the limitation defence failed on the 14A issue.