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The valuations provided by professional valuers play an important role in nearly all large financial decisions, as an individual you might use a valuer when you are buying a house or investing in something. In the world of business, professional valuers are involved in corporate finance, assessments of company accounts and stock exchange listings, to name just a few of the areas a professional valuer might be required to advise on. Most valuers provide a highly professional and accurate service, however there are occasions when serious mistakes are made or negligent behaviours occur. In these situations then legal help from professional negligence solicitors might be needed to make claims against valuers.
Claims against valuers are often made by people who have suffered a large financial loss as a result of professional advice given to them by their valuer that they later discovered was inaccurate or wrong. Buying a house or property, or entering into a business agreement on the basis of inaccurate information provided to you by your valuer could end up costing you hundreds of thousands of pounds. The professional negligence solicitors here at Canter Levin & Berg understand the impact that the professional negligence of a valuer can have, which is why we are able to help you to make compensation claims against valuers.
When claiming compensation for valuer negligence it is vital to distinguish between cases where a valuer has been negligent and cases where they have provided an inadequate service. There is often an overlap between the two concepts but generally speaking cases where a valuer has only provided an inadequate service would not give you sufficient grounds to successfully claim compensation for valuer negligence. Property valuers typically provide qualifications in their reports to the effect that they are not full structural surveys and therefore they would not generally inspect a property in the same detail as a qualified surveyor. This might mean structural issues that are less than obvious are overlooked, but missing a structural problem is not usually sufficient grounds to claim for valuer negligence.
One of the common reasons that people would seek legal advice about valuer negligence is over-valuation of a property or piece of land. In these cases, over-optimistic valuations from your valuer might mean you end up paying over-the-odds for a property that is actually worth much less than the valuation. This can cause you to suffer major financial losses if, for example, you attempt to sell the property at a later date.
Negligent Valuation Legal Advice
Professional negligence from a valuer you have employed to value a property or a piece of land can cost you a substantial amount of money. If you have purchased a property based on the information given to you by your valuer and you are now looking at a substantial financial loss then it is time to seek out qualified legal advice from a professional negligence solicitor. At Canter Levin & Berg Solicitors our team are on hand to give you the negligent valuation legal advice you need to help you to decide the best course of action to take.
If you are looking for negligent valuation legal advice, with a view to making a professional negligence claim against a valuer, then contact us now for a free assessment of your claim. Our professional negligence solicitors will look at the facts of your case before advising you whether or not you have grounds to make a claim against your valuer for professional negligence compensation. For more information on the services we offer to people looking for legal advice about negligent valuations, you can contact our professional negligence specialist, Sean Carty on 0151 239 1138. Alternatively you can fill in the contact form on this website and someone from the professional negligence department will be in touch to discuss you claim.