Financial services

Lender claims against valuers – up to date application of limitation and reliance

The most recent reported lender claim provides a reminder of the key points that claimants must deal with to succeed. This case is from 15 September 2015 and is a bang up to date professional negligence valuer claim. The detailed judgment particularly shows how the courts are likely to assess limitation by reference to the value of the borrower’s covenant and reveals a worrying new pool for defendants to fish in. It also looks at the pitfalls of reliance.
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