Cases - Assured Advances Ltd v Ashbee & Co

Record details

Name

Assured Advances Ltd v Ashbee & Co

Date

[1994]

Citation

EGCS 169, QBD

Legislation

Contracts (Right of Third Parties) Act 1999

Keywords

Negligence in valuations and surveys

Summary

The defendant valuers were instructed by a firm of mortgage brokers to value a particular property. The valuers were aware that a decision on lending would be based on their valuation but had no knowledge of who the ultimate lender might be. It was held that the valuers would owe a duty of care to any lender to whom the brokers passed on their valuation report and who duly relied on it.