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Negligent valuation

Language: English Series: Estates Gazette Case Summaries ; (1997) EGCS 184Publication details: 1997Subject(s): Summary: "Platform Home Loans Ltd v Oyston Shipways Ltd" CA 19 December 1997. Loan made to H by plaintiff (P) in reliance on valuation. H defaulted and P sold property for a lower value. Damages sought for negligence by valuer for over valuing property. Judge found lender contributorily negligent. Whether damage overall transaction loss or part of overall loss attributable to negligent valuation. Valuer`s appeal allowed. P`s appeal dismissed.

"Platform Home Loans Ltd v Oyston Shipways Ltd" CA 19 December 1997. Loan made to H by plaintiff (P) in reliance on valuation. H defaulted and P sold property for a lower value. Damages sought for negligence by valuer for over valuing property. Judge found lender contributorily negligent. Whether damage overall transaction loss or part of overall loss attributable to negligent valuation. Valuer`s appeal allowed. P`s appeal dismissed.