Surveyor's negligence
Series: Estates Gazette Case Summaries ; [1999] EGCS 28 (1)Publication details: 2000Subject(s): Summary: CA 17 February 2000. "UCB Corporate Services plc v Halifax (SW) Ltd (in liquidation). A bank instructed the respondent firm of surveyors to value two light industrial units. The mortgage valuation report gave the open market value and the 90-day mortgagee sale value as £665,000. The bank advanced a loan on the basis of this report, however the borrower then defaulted. The bank claimed a negligent valuation. "Held" claim dismissed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3610-41 (Browse shelf(Opens below)) | 1 | Available | 104725-1001 |
CA 17 February 2000. "UCB Corporate Services plc v Halifax (SW) Ltd (in liquidation). A bank instructed the respondent firm of surveyors to value two light industrial units. The mortgage valuation report gave the open market value and the 90-day mortgagee sale value as £665,000. The bank advanced a loan on the basis of this report, however the borrower then defaulted. The bank claimed a negligent valuation. "Held" claim dismissed.