000			01496cab a2200193 4500
001			L130886
008			050912n2005 000 0 eng u
035			_a(Sirsi) u130886
041	0		_aeng
100	1		_aRoss, Jonathan
245	0	0	_aCase news _bPreferred Mortgages v Countrywide Surveyors
260			_c2005
490		0	_aProperty Week _v70(35) 2 September 2005, 70(1)
520			_aDiscusses the case "Preferred Mortgages v Countrywide Surveyors" (L130660) where Preferred Mortgages (P) claimed that Countrywide Surveyors had been negligent in its valuation of a property on the grounds that a retrospective valuation carried out P's own valuer had produced a significantly lower value. C's surveyor had valued the property at £65 000 but the sale never took place and P found itself a victim of a mortgage fraud. The property was worth only £35 000 having no electricity, water or foul drainage and P had to spend £26 000 before selling the property for £60 000. P claimed that C was liable for the losses caused by its valuation. However it was decided that the valuer had acted properly even though the value was outside the 10% allowed to valuers and that P had committed contributory negligence in lending 85% of the valuation figure.
590			_aIKA130905
650	2	4	_aPREFERRED MORTGAGES LTD V COUNTRYWIDE SURVEYORS LTD
690			_aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY FINANCE AND INVESTMENT-MORTGAGING RESIDENTIAL PROPERTY-MORTGAGE VALUATION
942			_n0
999			_c75865 _d75865