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Coventry Building Society v William Martin & Partners

Language: English Series: Estates Gazette Law Reports ; (9748) 29 November 1997, 159-163(5)Publication details: 1997Subject(s): Summary: QBD 20 June 1997. A valuer from WM valued property for mortgage purposes. C granted borrowers a loan without checking their ability to service loan. Relying on WM`s valuation C lent to the borrower and granted a mortgage. Borrower fell into arrears, the property was sold. C contended that the property was worth more at valuation. WMalleged C was contributorily negligent by not making inquiries. Held, judgment for C.
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Law report London Journal article ABS57859 (Browse shelf(Opens below)) 1 Available 82481-1001

QBD 20 June 1997. A valuer from WM valued property for mortgage purposes. C granted borrowers a loan without checking their ability to service loan. Relying on WM`s valuation C lent to the borrower and granted a mortgage. Borrower fell into arrears, the property was sold. C contended that the property was worth more at valuation. WMalleged C was contributorily negligent by not making inquiries. Held, judgment for C.