Overvaluation

Overvaluation - 1995 - Estates Gazette Case Summaries (1995) EGCS 21(1) (18/2/95) .

"BFG Bank AG v Brown & Mumford Ltd" QBD 2 February 1995. The surveyors admitted negligence in overvaluing a development site but contended that the bank was contributorily negligent in lending on a speculative development in breach of its own lending guidelines. Held, the bank was entitled to rely on the valuations and advice that planning permission was likely.


BANKS
CONTRIBUTORY NEGLIGENCE
DEVELOPMENT SITE
HOTELS
IMPUTED KNOWLEDGE
LENDERS
NEGLIGENCE
OVERVALUATION
PLANNING PERMISSION
SPECULATIVE DEVELOPMENT
SURVEYORS
VALUERS