SADDINGTON v COLLEYS PROFESSIONAL SERVICES

[1999] Lloyd's Rep PN 140

COURT OF APPEAL

Before Lord Justice Balcombe, Lord Justice Otton and Lord Justice Aldous

Surveyors - Valuation report - Negligent overvaluation - Loan to husband and wife secured by mortgage - Loan used to repay existing mortgage and for investment in husband’s business - Investment lost. Causation - Foreseeability of risk - Whether consequential losses attributable to the second defendants’ negligence - Application to strike out on grounds that the statement of claim discloses no cause of action.