BTL valuers in the dock

There have been 25 High Court cases brought by lenders against RICS valuers in the last year, with several thousand more cases pending. Firms are in serious danger of collapse because of the threat, said one lawyer.

All the litigants are alleging professional negligence and claiming compensation. Most of the cases are to do with alleged overvaluing on off-plan and new buy-to-let city centre apartments.

The litigants are mortgage lenders who had to repossess the properties and sell them at a loss.

Read full article in Introducer Today

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