Cases - Barclays Bank plc v William H Brown Ltd
Record details
- Name
- Barclays Bank plc v William H Brown Ltd
- Date
- [1996]
- Citation
- NPC 184, QBD
- Legislation
- Keywords
- Negligence in valuations and surveys
- Summary
-
The defendant valuers placed a value of some £2.3m on a warehouse and distribution depot that had been sold less than a year earlier for £1m. The defendants were held to have been negligent, but the claimant lenders were held 25% responsible for relying without question on the valuation, which suggested that the subject property had increased in value by 130% in less than a year.