Negligent valuer pays no damages
Language: English Series: Financial Times ; 24/4/91 p13Publication details: 1991Subject(s): Summary: It was held, in Swingcastle v Gibson HL 18 April 1991, that a mortgagee who lends in reliance on a negligent valuer`s report, and who would not have lent but for that report, cannot claim damages from the valuer for loss of contractual interest due from the borrower on the loan sum if the borrower defaults.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2716-44 (Browse shelf(Opens below)) | 1 | Available | 60836-1001 |
It was held, in Swingcastle v Gibson HL 18 April 1991, that a mortgagee who lends in reliance on a negligent valuer`s report, and who would not have lent but for that report, cannot claim damages from the valuer for loss of contractual interest due from the borrower on the loan sum if the borrower defaults.