Property valuers motion refused
Property valuers motion refused
- 1993
- Scotsman 17 February 1993, 14(1) .
"Melrose v Davidson and Robertson" First division 5 February 1993. Held that a mortgage application form completed and delivered to the lenders constitutes a contract between lender and prospective purchaser if it obliges the purchaser to pay for any valuation to be obtained and the lender obtains a valuation on that basis. The Unfair Contract Terms Act 1977 accordingly applied to a disclaimer in such a form purporting to exclude the valuer`s liability to the purchaser.
DISCLAIMER CLAUSES
MORTGAGE VALUATION
NEGLIGENCE
SCOTLAND
UNFAIR CONTRACT TERMS ACT 1977
VALUERS
"Melrose v Davidson and Robertson" First division 5 February 1993. Held that a mortgage application form completed and delivered to the lenders constitutes a contract between lender and prospective purchaser if it obliges the purchaser to pay for any valuation to be obtained and the lender obtains a valuation on that basis. The Unfair Contract Terms Act 1977 accordingly applied to a disclaimer in such a form purporting to exclude the valuer`s liability to the purchaser.
DISCLAIMER CLAUSES
MORTGAGE VALUATION
NEGLIGENCE
SCOTLAND
UNFAIR CONTRACT TERMS ACT 1977
VALUERS