The value of a mortgage
The value of a mortgage
- 1999
- Estates Gazette (9943) 30 October 1999, 156(1) .
Discusses "Europe Mortgage Co Ltd v GA Property Services Ltd" which concerned the valuation of a property for a mortgage loan. It was held that the value of a house is different from the value of the loan secured on it, and a valuer is only liable where the property is inadequate security for the loan.
VALUERS
DUTY OF CARE
LIABILITY
Valuation
MORTGAGE VALUATIONS
EUROPE MORTGAGE CO LTD V GA PROPERTY SERVICES
NEGLIGENCE
Discusses "Europe Mortgage Co Ltd v GA Property Services Ltd" which concerned the valuation of a property for a mortgage loan. It was held that the value of a house is different from the value of the loan secured on it, and a valuer is only liable where the property is inadequate security for the loan.
VALUERS
DUTY OF CARE
LIABILITY
Valuation
MORTGAGE VALUATIONS
EUROPE MORTGAGE CO LTD V GA PROPERTY SERVICES
NEGLIGENCE