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Emmet Thomas Scullion v Bank of Scotland (trading as Colleys) [electronic resource]

Language: English Publication details: 2011Subject(s): Online resources: Summary: [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.

[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.