Summary of Recent Cases – Substantive Law

DAMAGES

Measure Of Damages For Negligent Overstatement Of Value Of Property And Market Rent

Scullion v. Bank of Scotland Plc, 8/10/10

Mr. Richard Snowden QC, sitting as a Deputy Judge of the High Court, held that the negligent overstatement of both the capital value of a flat and its market rental income by a valuer engaged by a mortgage lender, entitled the purchaser to recover the difference between the price paid for it and its true value. In addition, the purchaser was held to be entitled to compensation for losses flowing from his inability to let the flat at a rent capable of providing sufficient income to cover his mortgage repayments and other outgoings in respect of the property.

November 16, 2010 В· Editorial Team В· Comments Closed
Posted in: Cases