The Importance of Valuation Instructions
Phimister v DM Hall LLP [2012] CSOH 169 The issue was the scope of the surveyor’s duty to a purchaser. Phimister sought damages from DM Hall for professional negligence in respect of a mortgage valuation report, on the grounds that the firm owed him a duty of care to check the area of the property […]
Can you afford not to keep your records up to date?
We first reported on the accuracy of data held by lending institutions in June 2011, but it appears the issue is far from being resolved. The recent fine levied by the Financial Services Authorities (FSA) on Bank of Scotland (BOS) for failures within their systems to keep accurate mortgage records for its customers, highlights there […]