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Overvaluation by surveyors

Overvaluation by surveyors - 1996 - Estates Gazette Case Summaries [1996] EGCS 60(1) (6/4/96) .

"Cavendish Funding Ltd v Henry Spencer & Sons Ltd", ChD 21 March 1996. Valuer admitted negligence in overvaluing a property. Borrower failed to repay loan based on valuation. Lender claiming damages. Damages reduced by current value of property. Plaintiff bank`s loss was the capital sum loaned.

Subjects--Topical Terms:
BANK LOAN
PROPERTY-COMMERCIAL PROPERTY
DAMAGES
MARKET VALUE
NEGLIGENCE
OVER-VALUATION
PROPERTY VALUATION
SURVEYORS

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