BNP Mortgages Ltd v Goadsby & Harding Ltd
Language: English Series: Estates Gazette ; (1994) 42 EG 150-158(9)Publication details: 1994Subject(s): Summary: ORB 19 April 1994. The defendants (G) provided B with a valuation of a barn conversion at £245,000 prior to a mortgage advance. B lent £196,000 on the property but as the occupiers fell behind with payments, took possession and sold it for £100,000. B sought damages from G, claiming G had been negligent or fraudulent in their valuation. At this preliminary hearing G was found to have relied on an earlier valuation for a different lender and was, therefore, negligent. The maximum value should have been £200,000. However, G was not fraudulent and was not responsible for the fall in market value.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS51621 (Browse shelf(Opens below)) | 1 | Available | 35583-1001 |
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ORB 19 April 1994. The defendants (G) provided B with a valuation of a barn conversion at £245,000 prior to a mortgage advance. B lent £196,000 on the property but as the occupiers fell behind with payments, took possession and sold it for £100,000. B sought damages from G, claiming G had been negligent or fraudulent in their valuation. At this preliminary hearing G was found to have relied on an earlier valuation for a different lender and was, therefore, negligent. The maximum value should have been £200,000. However, G was not fraudulent and was not responsible for the fall in market value.