Contributory negligence appeal

The House of Lords is deciding whether to hear an appeal which will focus on the question of contributory negligence in cases of the negligent valuation of property. Mortgage lender Platform Home Loans, which claims it relied on property valuations when arranging sale of property on which mortgage was later defaulted, is challenging an award of damages against it. It sued the valuer in the High Court and won £585,723. However, this sum was cut on appeal to £400,000 and Platform Home Loans is now seeking leave to challenge that ruling. If it gets leave, the appeal will raise issues as to application of the Law Reform (Contributory Negligence) Act 1945 in assessing the liability of the valuer.