Cause for concern for surveyors of buy-to-let properties?December 2010
Scullion v Bank of Scotland plc (t/a Colleys)
In Smith v Bush 1990, the House of Lords established that a surveyor valuing a “dwelling house of modest value” for a building society or local authority could owe a duty of care to the purchaser of the property if the surveyor was aware that there was a high degree of probability that the purchaser would rely on the valuation without commissioning an independent survey himself. In Scullion v Bank of Scotland plc (t/a Colleys)  EWHC 2253 the High Court appears to have extended the application of this principle to the benefit of buy-to-let investors of residential property.
Kristina Vongas provides more details.
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