The mortgage valuation muddle
Language: English Series: Estates Gazette ; (8901) 7 January 1989, 26-80(2)Publication details: 1989Subject(s): Summary: With reference to caselaw, the author reviews the current position with regard to mortgage valuations , considering issues raised by some of the rulings made, including the question of establishing contracts between valuers and lending institutions, valuer`s liability and the rule in Hedley Byrne . Concludes with a suggestion that the lender of money on residential mortgage security should be obliged to commission a survey at least to the RICS House Buyers Report and Valuation standard, and satisfy themselves that the borrower knows what he is buying.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS40247 (Browse shelf(Opens below)) | 1 | Available | 22501-1001 |
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With reference to caselaw, the author reviews the current position with regard to mortgage valuations , considering issues raised by some of the rulings made, including the question of establishing contracts between valuers and lending institutions, valuer`s liability and the rule in Hedley Byrne . Concludes with a suggestion that the lender of money on residential mortgage security should be obliged to commission a survey at least to the RICS House Buyers Report and Valuation standard, and satisfy themselves that the borrower knows what he is buying.