Emmet Thomas Scullion v Bank of Scotland (trading as Colleys)
Emmet Thomas Scullion v Bank of Scotland (trading as Colleys) [electronic resource]
- 2011
[2011] EWCA Civ 693, 17 June 2011. Appeal against claim for breach of duty of care in relation to a valuation report for a property being purchased for buy-to-let purposes as an investment income. Duty of care claim dismissed on grounds that a property being purchased on a buy-to- let basis is a commercial transaction rather than a purchase being purchased for owner occupation as a modest residential property. Independent valuation advice on rental income to have been achieved should have been sought. "Held" Appeal allowed.
EMMET THOMAS SCULLION V BANK OF ENGLAND PLC (TRADING AS COLLEYS)
SMITH V BUSH
HEDLEY BRYNE V HELLLER
United Kingdom--
[2011] EWCA Civ 693, 17 June 2011. Appeal against claim for breach of duty of care in relation to a valuation report for a property being purchased for buy-to-let purposes as an investment income. Duty of care claim dismissed on grounds that a property being purchased on a buy-to- let basis is a commercial transaction rather than a purchase being purchased for owner occupation as a modest residential property. Independent valuation advice on rental income to have been achieved should have been sought. "Held" Appeal allowed.
EMMET THOMAS SCULLION V BANK OF ENGLAND PLC (TRADING AS COLLEYS)
SMITH V BUSH
HEDLEY BRYNE V HELLLER
United Kingdom--