Addleshaw Goddard

UK 200 2013 position: 23

Solicitors’ firm held to be equally liable with surveyor for negligent mortgage valuation

E.Surv (the surveyors) claimed contribution under the Civil Liability (Contribution) Act 1978 from Goldsmith Williams (the solicitors), in respect of damages of £200,000 paid to a mortgage lender in settlement of its claim for negligent over-valuation of a property. The surveyors’ case was that the solicitors had failed to bring to the attention of the lender the fact that (a) the borrower had been registered as proprietor of the property for less than six months and (b) the price he had paid for it, as disclosed on the office copy entries, £390,000, was significantly lower than the surveyors’ valuation in the mortgage offer, £725,000…

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