Extending the valuer's duty of care [electronic resource] The case of Scullion v Bank of Scotland plc (trading as Colleys)
Extending the valuer's duty of care The case of Scullion v Bank of Scotland plc (trading as Colleys) [electronic resource]
- London RICS 2010
"Emmet Thomas Scullion v Bank of Scotland trading as Colleys" [2010] EWHC 2253 (Ch) 2010 extends the valuer's duty of care established in "Smith v Bush" HL 1990 to borrowers in a commercial situation. Prior to "Scullion", the duty of care principle applied to borrowers seeking a loan for the purpose of purchasing a modest home for residential purposes. "Scullion" extended the duty of care principle to a property purchased as a low-value buy to let investment based on the valuer's assessment of the rental yield. (See L152179 to view full transcript)
EMMET THOMAS SCULLION V BANK OF ENGLAND PLC (TRADING AS COLLEYS)
SMITH V BUSH
HEDLEY BRYNE V HELLLER
United Kingdom--
"Emmet Thomas Scullion v Bank of Scotland trading as Colleys" [2010] EWHC 2253 (Ch) 2010 extends the valuer's duty of care established in "Smith v Bush" HL 1990 to borrowers in a commercial situation. Prior to "Scullion", the duty of care principle applied to borrowers seeking a loan for the purpose of purchasing a modest home for residential purposes. "Scullion" extended the duty of care principle to a property purchased as a low-value buy to let investment based on the valuer's assessment of the rental yield. (See L152179 to view full transcript)
EMMET THOMAS SCULLION V BANK OF ENGLAND PLC (TRADING AS COLLEYS)
SMITH V BUSH
HEDLEY BRYNE V HELLLER
United Kingdom--