Tag Archives: Overvalued Property

Judges back valuers in buy to let negligence appeal Latest Articles, Property Investment News

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-Landlord loses battle for compensation-

Buy to let landlords have lost the chance to claim compensation from surveyors who overvalued an investment property following a successful appeal.

The Court of Appeal reversed a previous ruling against Bank of Scotland owned valuers Colleys in which a judge held a surveyor had a duty of care to a home buyer.

The decision means a valuer instructed by a lender has no legal obligation to a buyer who may rely on their valuation to underwrite the price and likely rent a property will achieve. Continue reading Judges back valuers in buy to let negligence appeal


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