Residential Property
In the case of Scullion v Bank of Scotland plc t/as Colleys it was held that the valuer of a residential property does not owe a duty of care to a borrower when they are instructed by a commercial lender and the borrower is a buy-to-let investor. The Court of Appeal has ruled that there is a difference between ordinary residential purchasers (to whom a duty of care is owed) and buy-to let investors. Those buying properties to let were less deserving of protection by the common law against the risk of negligence than those buying to occupy as their residence.
Please note the above is for information purposes only and is intended to be a short summary. It should not be treated as a comprehensive guide and should not be acted on without qualified legal advice.