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Keep up to dateBy Ted Lowery2018-08-09T06:00:00
Ted Lowery on when repair costs trump diminution in value as a determinant of damages
Martin Moore and Camilla Hegelund vs National Westminster Bank [2018] EWHC 1805 (TCC)
Before Mr Justice Birss
In the Birmingham District Registry and Appeal Centre
Judgment delivered 17 July 2018
Mr Moore and Ms Hegelund applied to NatWest for a mortgage in order to purchase a flat in Bideford, Devon, and requested that the bank prepare a home buyer’s report – a more extensive survey of the property than a simple valuation report. The bank subsequently made a mortgage offer of £81,000 and the purchasers assumed that a favourable home buyer’s report had been obtained, but this was not the case.
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