THE HOUSING LOAN CORPORATION PLC (in administrative receivership) v (1) WILLIAM H BROWN LTD (2) HAWK RESIDENTIAL LTD (formerly HAMPTONS RESIDENTIAL LTD trading as HAMPTONS ROGER CONWAY)

[1999] Lloyd's Rep PN 185

COURT OF APPEAL

Before Lord Justice Hirst, Lord Justice Potter and Mr Justice Sedley

Surveyor’s negligence - Claim for damages by tertiary lending institution - Short-term bridge finance - Breach by lender of internal lending rules - Reliance in circumstances where plaintiff mistaken as to the true basis and meaning of the allegedly negligent misrepresentation - Liability where purpose for which valuation was used was outside the ambit of reasonably foreseeable uses - Contributory negligence - Approach of the Court of Appeal to the appropriate deduction if contributory negligence in fact arises.