Negligent valuation
Negligent valuation
- 2000
- Estates Gazette Case Summaries [1999] EGCS 30 (1) .
ChD 25 February 2000. "Howkins & Harrison (a firm) v Tyler and another". The claimant firm of surveyors carried out a revaluation on a property, and a loan was subsequently made to the defendants, who defaulted. The bank brought proceedings against the claimants, claiming that the property had been negligently overvalued. The claimant paid £400,000 in settlement, and then brought proceedings against the defendants under the Civil Liability (Contribution) Act 1978. "Held" No claim lay against the defendants.
NEGLIGENCE
REVALUATION
OVER VALUATION
CIVIL LIABILITY (CONTRIBUTION) ACT 1978
DAMAGES
LIABILITY
MORTGAGE DEFAULT
ChD 25 February 2000. "Howkins & Harrison (a firm) v Tyler and another". The claimant firm of surveyors carried out a revaluation on a property, and a loan was subsequently made to the defendants, who defaulted. The bank brought proceedings against the claimants, claiming that the property had been negligently overvalued. The claimant paid £400,000 in settlement, and then brought proceedings against the defendants under the Civil Liability (Contribution) Act 1978. "Held" No claim lay against the defendants.
NEGLIGENCE
REVALUATION
OVER VALUATION
CIVIL LIABILITY (CONTRIBUTION) ACT 1978
DAMAGES
LIABILITY
MORTGAGE DEFAULT