The claimant’s properties had been sold after repossession by a lender. He claimed damages for the negligent sales at an undervalue. He began the action after six years after the properties were sold, and asserted that the action was based upon the mortgages and that therefore the limitation period was twelve not six years. Assertions that the relationship of mortgagor and mortgagee could give rise to an equitable duty of care were inconsistent with modern authority, and nor could a duty be dependent upon an implied contractual term. The limitation period is six years, and the claim was out of time.
Citations:
Gazette 08-Feb-2001
Jurisdiction:
England and Wales
Land, Limitation, Professional Negligence
Updated: 08 May 2022; Ref: scu.85654