Damages
Damages
- 1997
- Estates Gazette Case Summaries [1997] EGCS 166 (6/12/97) .
"Nykredit Mortgage Bank plc v Edward Erdman Group Ltd" HL 27 November 1997. Following the award of damages arising from a negligent valuation of a property, the House of Lords had to decide the level of interest to be paid upon the damages. "Held" simple interest would be awarded on £1.4m, being the full allowable loss sustained by the bank by December 1990, from that date until judgment.
DAMAGES
LOAN SECURITY
NEGLIGENT VALUATION
NYKREDIT MORTGAGE BANK PLC V EDWARD ERDMAN GROUP LTD
"Nykredit Mortgage Bank plc v Edward Erdman Group Ltd" HL 27 November 1997. Following the award of damages arising from a negligent valuation of a property, the House of Lords had to decide the level of interest to be paid upon the damages. "Held" simple interest would be awarded on £1.4m, being the full allowable loss sustained by the bank by December 1990, from that date until judgment.
DAMAGES
LOAN SECURITY
NEGLIGENT VALUATION
NYKREDIT MORTGAGE BANK PLC V EDWARD ERDMAN GROUP LTD