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Top 10 for the 10s Claims against surveyors and valuers

20 May 2020. Published by Alexandra Anderson, Partner and Felicity Strong, Partner

The 2010s started with an influx of valuation claims, primarily involving lenders seeking to recoup losses suffered as a result of the financial crisis, loans being made to sub-prime borrowers and the declining property market.

Issues including scope of duty, margins of error, lending criteria and contributory negligence took centre stage. During the middle of the decade, limitation became a key issue. As limitation periods for claims arising out of loans made prior to the financial crisis expired, there was a sharp decline in the number of claims against surveyors.  

This article is a whistle-stop chronological tour of certain of the key decisions affecting surveyors over the past 10 years.  

Click the link below to read the article in full.