Did you PAY TOO MUCH in 2011?

nearlynew

somethingcorporate wrote: »

"While 2012 predictions may or may not come true, solicitors Irwin Mitchell claim there has been a 20pc increase in the number of people seeking to sue surveyors for negligent valuations which led to property being bought for more than it was worth in 2011"

The next sentence from that quote reads ... "Most litigants were buy-to-let landlords".

Or savvy property investors as they are sometimes called on here.

Personally, I prefer the term "f*cking chancers"

ReadingTim

I'm not sure the extent to which one could sue on the basis of an opinion, and usually one that has so many caveats as to be practically useless.

Also, doesn't the article suggest that the large majority of claimants are BTL landlords suing over rent voids, rather than lower house values? In light of the Court of Appeal's rulling that surveyors owe a lower duty of care to professional investors than owner occupiers, it's correct that the door has been closed to the large professional investors; but it certainly isn't wide open for the rest, and I don't think you can say surveyors are on any more notice than they were before.

Finally, while the number of claims has, or may, rise; the article is silent on the number of sucessful claims, which is an entirely different matter!