Nykredit Mortgage Bank plc v Edward Erdman Group Ltd (formerly Edward Erdman Unlimited Co.)
Nykredit Mortgage Bank plc v Edward Erdman Group Ltd (formerly Edward Erdman Unlimited Co.)
- 1997
- New Property Cases (1997) NPC 165, (5) .
HL 27 November 1997. A negligent valuer who causes loss to a mortgagee will have to pay interest on the loss not simply from the date of the loan nor from the date of the judgment but from the date when the loss was sustained. A court has no jurisdiction to award damages on costs orders but an appeal court does have jurisdiction to award interest on repayable damages and costs arising from correcting the decisions of inferior courts. NB NO PHOTOCOPYING ALLOWED.
NEGLIGENCE
NYKREDIT MORTGAGE BANK PLC V EDWARD ERDMAN GROUP PLC
HL 27 November 1997. A negligent valuer who causes loss to a mortgagee will have to pay interest on the loss not simply from the date of the loan nor from the date of the judgment but from the date when the loss was sustained. A court has no jurisdiction to award damages on costs orders but an appeal court does have jurisdiction to award interest on repayable damages and costs arising from correcting the decisions of inferior courts. NB NO PHOTOCOPYING ALLOWED.
NEGLIGENCE
NYKREDIT MORTGAGE BANK PLC V EDWARD ERDMAN GROUP PLC