Europe Mortgage Co Ltd v GA Property Services Ltd
Series: Estates Gazette ; [1999] 50 EG 77-84(8)Publication details: 1999Subject(s): Summary: QBD 22 April 1999. Defendant valuer, G, valued a large country house for claimant mortgagee, E, at £1.65m. In 1997 E disposed of its interest in a portfolio of loans to a building society at a discount. Because of the discount, E incurred a loss of £456,703 on the loan of the subject property. E contended G had been negligent in its valuation. "Held" claim was dismissed. Although the property was overvalued in 1991, by 1997 it was worth at least £1m.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS61835 (Browse shelf(Opens below)) | 1 | Available | 103688-1001 |
QBD 22 April 1999. Defendant valuer, G, valued a large country house for claimant mortgagee, E, at £1.65m. In 1997 E disposed of its interest in a portfolio of loans to a building society at a discount. Because of the discount, E incurred a loss of £456,703 on the loan of the subject property. E contended G had been negligent in its valuation. "Held" claim was dismissed. Although the property was overvalued in 1991, by 1997 it was worth at least £1m.