Description
A property developer sought a valuation only after contracts had been exchanged on a number of properties. An offer of finance was obtained which was in turn subject to a valuation. The surveyors provided a valuation, but then withdrew it, because they alleged that the developer had inflated the overall purchase price. The developer alleged that the surveyors owed him a duty of care to perform their contract with the finance company to provide a valuation. It was held that the surveyors did not owe a duty because the relationship between the surveyors and the developer was not of sufficient proximity.
