The recent case of the Dunfermline Building Society (in special administration) v. CBRE Limited 2017 is a claim for loss said to flow from a negligent valuation carried out in 2007 – the year before the global financial crash, when few could predict what was about to happen.
In this case it was found that the valuer got it right when he applied a bracket of + or - 15% to the true value of the property.
The case is a useful guide as to how to apply the relevant bracket of non-negligence values applicable. Well done CBRE Limited.
If you would like to learn more please call Cox Minhas & Co on 01604 973977.