Between a rock and a hard place

Difficulties for lenders arising out of limitation

In a previous Alert (“Time’s up” – limitation for a claim against a valuer), we reported on the decision of HHJ Seymour QC in Toombs v Bridging Loans. In that case, the judge made an order for summary judgment in the defendant valuer’s favour on the basis that the lender’s claim was bound to fail as being statute barred.