Surveyors & Valuers
It is frequently the case that a defective property transaction involving the acquisition or disposal of land gives rise to a consideration of a claim against a surveyor or valuer. Michael is therefore regularly instructed in claims particularly against valuers in relation to secured lending transactions. Increasingly, Michael is seeing more complex claims arising out of commercial lending relationships which have failed where the relationship was informed by valuations of commercial premises. Michael recently acted for a leading high street bank in a claim against a firm of valuers where valuations of commercial premises were relied on to lend over £2m to the new owners of a horticultural business importing produce from Africa and to continue to support the business through its initial financial difficulties. The case involved a substantial body of expert evidence in the field of commercial lending.