Case in focus: valuation evidence

By Ted Lowery2018-08-09T06:00:00

Ted Lowery on when repair costs trump diminution in value as a determinant of damages

The case

Martin Moore and Camilla Hegelund vs National Westminster Bank [2018] EWHC 1805 (TCC)

Before Mr Justice Birss

In the Birmingham District Registry and Appeal Centre

Judgment delivered 17 July 2018

The facts

Mr Moore and Ms Hegelund applied to NatWest for a mortgage in order to purchase a flat in Bideford, Devon, and requested that the bank prepare a home buyer’s report – a more extensive survey of the property than a simple valuation report. The bank subsequently made a mortgage offer of £81,000 and the purchasers assumed that a favourable home buyer’s report had been obtained, but this was not the case.

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