RICS Knowledgebase

Valuation negligence or breach of duty 

3 days ago

There are a lot of materials on isurv on this matter which look at a range of case law. 

https://www.isurv.com/info/1367/negligence_in_valuations_and_surveys

Most recently there was 

Bratt v Jones [2024] EWHC 631 (Ch) (22 March 2024)
 
‘i) For a valuer, like any other professional, to be found to be liable for professional negligence it is a fundamental "Bolam" requirement that they be found to have acted otherwise than in accordance with practices which are regarded as acceptable by a respectable body of opinion in the profession, recognising that there is scope for differences of reasonable professional opinion, and that the process of professional valuation is an art as much as a science;
ii) But it is, in any event, a precondition of liability that the valuer's valuation should fall outside the range permitted to a non-negligent valuer in respect of that particular type or kind of valuation.’

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