A lender’s imprudent lending policies could be taken into account and set off against damages for negligent valuation as contributory negligence.
Citations:
Gazette 08-Jan-1998, Times 15-Jan-1998, [1997] EWCA Civ 3071
Statutes:
Law Reform (Contributory Negligence) Act 1945
Jurisdiction:
England and Wales
Cited by:
Appeal from – Platform Home Loans Ltd v Oyston Shipways Ltd and others HL 18-Feb-1999
The plaintiffs had lent about 1 million pounds on the security of property negligently valued at 1.5 million pounds. The property was sold for much less than that and the plaintiffs suffered a loss of 680,000 pounds. The judge found that the . .
Lists of cited by and citing cases may be incomplete.
Professional Negligence, Financial Services
Updated: 13 November 2022; Ref: scu.143470